AGI (NYSE:AGBK) Now Covered by Analysts at Oppenheimer

Key Points

• Oppenheimer initiated coverage on AGI with an "outperform" rating and a $15.00 price target, implying about a 42.3% upside from the prior close.
• Other recent initiations include Morgan Stanley (overweight, $21 PT) and HSBC (buy, $15 PT); Wall Street Zen graded it a hold, with the consensus average rating at "Buy" and an average price target of $17.00.
• AGI opened at $10.54 and trades in a 52-week range of $10.21–$12.21, and the company focuses on providing banking and credit services to underserved Brazilian consumers.

Research analysts at Oppenheimer began coverage on shares of AGI (NYSE:AGBK - Get Free Report) in a research note issued on Monday. The firm set an "outperform" rating and a $15.00 price target on the stock. Oppenheimer's price objective indicates a potential upside of 42.31% from the company's previous close.

A number of other analysts also recently weighed in on the stock. Morgan Stanley assumed coverage on shares of AGI in a research report on Monday. They set an "overweight" rating and a $21.00 price target on the stock. HSBC began coverage on AGI in a report on Thursday. They issued a "buy" rating and a $15.00 price target for the company. Finally, Wall Street Zen upgraded AGI to a "hold" rating in a research note on Saturday, February 21st. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of "Buy" and an average price target of $17.00.

AGI Price Performance

AGBK stock opened at $10.54 on Monday. AGI has a 52 week low of $10.21 and a 52 week high of $12.21.

AGI Company Profile

Our mission is to revolutionize financial services for the largest and fastest growing segment of Brazil's population: individuals who have been underserved by incumbent banks and have not been effectively reached by digital-only banks. We seek to make credit and banking solutions more accessible and affordable for the Brazilian consumers who we believe need it the most, including social security beneficiaries and private and public sector workers. We have designed a unique value proposition for this population, who may be older, have a lower income, be less tech-savvy or have less access to education.

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