Petroleo Brasileiro S.A.- Petrobras (PBR) Stock Forecast & Price Target

$20.40 -0.51 (-2.42%)

Closing price 03:59 PM Eastern

Extended Trading

$20.42 +0.02 (+0.08%)

As of 07:59 PM Eastern

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Petroleo Brasileiro S.A.- Petrobras - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Moderate Buy

Based on 6 Analyst Ratings

Sell
0

Hold
2

Buy
4

Based on 6 Wall Street analysts who have issued ratings for Petroleo Brasileiro S.A.- Petrobras in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 6 analysts, 2 have given a hold rating, 3 have given a buy rating, and 1 has given a strong buy rating for PBR.

Consensus Price Target

$18.35
-10.06% Downside

According to the 6 analysts' twelve-month price targets for Petroleo Brasileiro S.A.- Petrobras, the average price target is $18.35. The highest price target for PBR is $24.80, while the lowest price target for PBR is $14.60. The average price target represents a forecasted downside of -10.06% from the current price of $20.40.

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

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PBR Analyst Ratings Over Time

Type	Current Forecast 5/7/25 to 5/7/26	1 Month Ago 4/7/25 to 4/7/26	3 Months Ago 2/6/25 to 2/6/26	1 Year Ago 5/7/24 to 5/7/25
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	3 Buy rating(s)	2 Buy rating(s)	3 Buy rating(s)	6 Buy rating(s)
Hold	2 Hold rating(s)	3 Hold rating(s)	3 Hold rating(s)	1 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$18.35	$16.20	$14.97	$17.81
Forecasted Upside	-10.06% Downside	-21.68% Downside	0.65% Upside	57.44% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

PBR Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

PBR Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Petroleo Brasileiro S.A.- Petrobras Stock vs. The Competition

Type	Petroleo Brasileiro S.A.- Petrobras	Energy Companies	S&P 500
Consensus Rating Score	2.83	2.41	2.52
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	-10.06% Downside	38.10% Upside	14.94% Upside
News Sentiment Rating	Positive News See Recent PBR News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export

Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
4/17/2026	Bank of America 4 of 5 stars	Caio Ribeiro Not Rated	Upgrade	Neutral ➝ Buy	$18.70 ➝ $24.80	+15.81%
4/10/2026	Weiss Ratings Not Rated		Reiterated Rating	Hold (C)
3/31/2026	Zacks Research Not Rated		Upgrade	Hold ➝ Strong-Buy
3/13/2026	Jefferies Financial Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Alejandro Demichelis Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Downgrade	Buy ➝ Hold	$20.30 ➝ $19.00	+0.82%
2/11/2026	The Goldman Sachs Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Bruno Amorim Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Buy	$13.10 ➝ $15.00	-5.81%
1/14/2026	UBS Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Matheus Enfeldt Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Buy	$14.40 ➝ $14.60	+14.73%
3/5/2025	HSBC Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold ➝ Buy	$15.00	+15.70%
9/25/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Neutral ➝ Overweight	$16.50 ➝ $19.00	+28.03%
8/26/2024	Morgan Stanley Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Equal Weight ➝ Overweight	$18.00 ➝ $20.00	+38.89%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 11:34 PM ET.

Should I Buy Petroleo Brasileiro S.A.- Petrobras Stock? PBR Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, May 6, 2026. Please send any questions or comments about these Petroleo Brasileiro S.A.- Petrobras pros and cons to contact@marketbeat.com.

Petroleo Brasileiro S.A.- Petrobras
Bull Case

Here are some ways that investors could benefit from investing in Petróleo Brasileiro S.A. - Petrobras:

The company is expected to increase natural gas prices to distributors by approximately 20%, which could significantly enhance domestic gas revenue and profit margins.
Petróleo Brasileiro S.A. - Petrobras has a strong market capitalization of around $142 billion, indicating a robust presence in the energy sector.
The current stock price is around $19.40, which is above its 50-day simple moving average, suggesting positive momentum in the stock's performance.
Recent earnings reports show a solid earnings per share of $0.45, reflecting the company's profitability and operational efficiency.
The company has declared a special dividend, which demonstrates its commitment to returning value to shareholders, with a payout ratio of 10.53%.

Petroleo Brasileiro S.A.- Petrobras
Bear Case

Investors should be bearish about investing in Petróleo Brasileiro S.A. - Petrobras for these reasons:

Recent leadership changes, including the appointment of a new chairman, have created uncertainty among investors, potentially impacting stock performance.
The stock has experienced recent declines attributed to profit-taking and governance concerns, indicating potential volatility in the near term.
Despite a strong market presence, the company's beta of 0.37 suggests lower volatility compared to the market, which may limit growth potential for aggressive investors.
There are indications of a contractor backlog in Brazilian waters, which, while supportive for operations, may not directly benefit Petróleo Brasileiro S.A. - Petrobras in the short term.
Market reactions to governance changes have led to selling pressure, which could deter new investors looking for stability.

PBR Forecast - Frequently Asked Questions

: According to the research reports of 6 Wall Street equities research analysts, the average twelve-month stock price forecast for Petroleo Brasileiro S.A.- Petrobras is $18.35, with a high forecast of $24.80 and a low forecast of $14.60.
: 6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Petroleo Brasileiro S.A.- Petrobras in the last year. There are currently 2 hold ratings, 3 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" PBR shares.
: According to analysts, Petroleo Brasileiro S.A.- Petrobras's stock has a predicted downside of -10.06% based on their 12-month stock forecasts.
: Over the previous 90 days, Petroleo Brasileiro S.A.- Petrobras's stock had 2 upgrades and 1 downgrade by analysts.
: Petroleo Brasileiro S.A.- Petrobras has been rated by research analysts at Bank of America, Jefferies Financial Group, The Goldman Sachs Group, Weiss Ratings, and Zacks Research in the past 90 days.
: Analysts like Petroleo Brasileiro S.A.- Petrobras more than other "energy" companies. The consensus rating for Petroleo Brasileiro S.A.- Petrobras is Moderate Buy while the average consensus rating for "energy" companies is Hold. Learn more on how PBR compares to other companies.

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This page (NYSE:PBR) was last updated on 5/7/2026 by MarketBeat.com Staff.

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Petroleo Brasileiro S.A.- Petrobras (PBR) Stock Forecast & Price Target

Petroleo Brasileiro S.A.- Petrobras - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Consensus Price Target

PBR Analyst Ratings Over Time

PBR Analyst Recommendations By Month

PBR Price Targets by Month

Petroleo Brasileiro S.A.- Petrobras Stock vs. The Competition

Recent Analyst Forecasts and Stock Ratings

Should I Buy Petroleo Brasileiro S.A.- Petrobras Stock? PBR Pros and Cons Explained

Petroleo Brasileiro S.A.- Petrobras
Bull Case

Petroleo Brasileiro S.A.- Petrobras
Bear Case

PBR Forecast - Frequently Asked Questions

Stock Forecasts and Research Tools

Today's Analyst Ratings

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More Ratings Tools

Brokerages With Petroleo Brasileiro S.A.- Petrobras Recommendations

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Petroleo Brasileiro S.A.- Petrobras (PBR) Stock Forecast & Price Target

Petroleo Brasileiro S.A.- Petrobras - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Consensus Price Target

PBR Analyst Ratings Over Time

PBR Analyst Recommendations By Month

PBR Price Targets by Month

Petroleo Brasileiro S.A.- Petrobras Stock vs. The Competition

Recent Analyst Forecasts and Stock Ratings

Should I Buy Petroleo Brasileiro S.A.- Petrobras Stock? PBR Pros and Cons Explained

Petroleo Brasileiro S.A.- Petrobras Bull Case

Petroleo Brasileiro S.A.- Petrobras Bear Case

PBR Forecast - Frequently Asked Questions

Stock Forecasts and Research Tools

Today's Analyst Ratings

Top-Rated Stocks

More Ratings Tools

Brokerages With Petroleo Brasileiro S.A.- Petrobras Recommendations

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

Petroleo Brasileiro S.A.- Petrobras
Bull Case

Petroleo Brasileiro S.A.- Petrobras
Bear Case