Cury stock: BTG Pactual sets BRL 42 target for Cury stock

Published on 10/28/2026 at 06:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Cury generated BRL 253.6 million in third-quarter cash flow. For Cury stock, cancellations reached 15.0 percent.

Target, operations and calendar

BTG Pactual maintained a BRL 42.00 target in coverage published on October 22, 2026.
Cury generated BRL 253.6 million in operating cash during the third quarter of 2026.
Cury is scheduled to release third-quarter 2026 earnings on November 10, 2026.

Cury, BRCURYACNOR3, Illustration mit AI erstellt.

Cury Construtora e Incorporadora S.A. (ISIN BRCURYACNOR3) drew fresh attention after Forbes reported on October 22, 2026 that BTG Pactual retained a Buy recommendation and a BRL 42.00 price target. The report also described management's preference for cash generation over growth at any cost.

BTG Pactual's BRL 42 view

The target comes alongside a sharper operating debate. Forbes said Cury's management is prioritizing free cash flow and dividend distribution while assessing whether future launches can avoid inventory pressure. The article identified the Minha Casa, Minha Vida program as representing 95.0 percent of the portfolio.

The analyst view has a counterweight in cancellations. XP Investimentos reported on October 13, 2026 that third-quarter cancellations reached BRL 358.2 million, up 59.3 percent year over year, equal to 15.0 percent of gross presales.

What changed in the third quarter?

Cury reported in its October 8, 2026 operational preview that third-quarter net presales rose 11.4 percent year over year to BRL 2.0355 billion. Operating cash generation reached BRL 253.6 million, an 8.8 percent increase from the third quarter of 2025 and the company's 30th consecutive quarter of positive cash generation.

The same preview showed production of 6,304 units, up 28.4 percent year over year, while the potential sales value of launches increased 6.9 percent to BRL 2.1231 billion. The figures point to stronger construction output, but the cancellation rate gives investors a measurable test for sales quality.

Three dated operating signals

On May 12, 2026, Cury's investor calendar listed the first-quarter 2026 earnings release, covering the company's quarterly financial report. On October 8, 2026, the operational preview recorded BRL 253.6 million in third-quarter cash generation and 6,304 units produced. On October 13, 2026, XP Investimentos highlighted the cash result while flagging BRL 358.2 million in cancellations.

Next dates are November 10 and 11

Cury's investor calendar lists the third-quarter 2026 earnings release for November 10, 2026 and the related conference call for November 11, 2026. Those dates will provide the next formal test of whether the preliminary sales and cash figures translate into reported revenue and profit.

Cash generation meets execution risk

Cury's third-quarter preview combines BRL 253.6 million in operating cash generation with a 15.0 percent cancellation rate. That contrast leaves cash conversion and demand quality as the clearest issues for the next report.