BTG Pactual keeps BRL 42.00 target for Cury stock

Published on 10/25/2026 at 02:39 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Cury generated BRL 253.6 million in third-quarter cash flow on October 8, 2026. Cury stock last stood at BRL 32.50 on October 23, 2026.

Cash quality and upcoming dates

BTG Pactual kept a BRL 42.00 target for Cury on October 22, 2026.
The third-quarter preview showed BRL 253.6 million in cash generation on October 8, 2026.
Cury's third-quarter results are scheduled for November 10, 2026.

Cury, BRCURYACNOR3, Illustration mit AI erstellt.

Cury (BRCURYACNOR3) generated BRL 253.6 million in third-quarter operating cash flow, while Forbes reported on October 22, 2026 that BTG Pactual kept a Buy rating and a BRL 42.00 price target. The latest operating figures combine strong cash generation with a sharper cancellation risk.

Cash remains the key signal

The third-quarter preview published on October 8 showed net sales of BRL 1.8 billion, up 10.7 percent from the same period of 2025. Operating cash flow reached BRL 253.6 million, an 8.8 percent year-over-year increase, according to Investidor10. That marked Cury's 30th consecutive quarter of positive cash generation.

The counterweight was BRL 358.2 million in cancellations, up 59.3 percent year over year and equal to 15.0 percent of gross sales. For investors, the quality of demand now matters as much as the headline sales figure.

Three dates frame the setup

On October 8, 2026, Cury reported BRL 1.8 billion in third-quarter net sales; on October 13, 2026, XP Investimentos cited BRL 253.6 million in cash generation and BRL 358.2 million in cancellations; on October 22, 2026, Forbes reported BTG Pactual's BRL 42.00 target.

What does cash mean for risk?

The cash figure gives Cury room to manage its construction cycle, but the cancellation rate can weaken the conversion of contracted sales into earnings. XP Investimentos said the third-quarter sales figure was below its expectation even as cash generation remained positive. That combination makes the November results more important than the operating preview alone.

Upcoming reporting dates

The next reporting date is November 10, 2026, for third-quarter results, followed by the results webcast on November 11, 2026, according to TraderNews. The figures to watch are cancellations, sales transfers and the bridge from operating cash flow to reported profit.

Market context stays measured

Cury last stood at BRL 32.50 on B3 on October 23, 2026 at 5:05 p.m. BRT. The company had a market capitalization of BRL 10.0 billion and a 52-week range of BRL 26.63 to BRL 41.76 as of that date. The market is valuing a business with strong cash generation, but the cancellation rate leaves less room for execution setbacks.