Tupy stock gains 6.21 percent as Itaú BBA raises its target

Published on 10/07/2026 at 00:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The target rose from BRL 13 to BRL 20 while 2026 EBITDA was cut to BRL 647 million. Q2 revenue was BRL 2.5 billion at a 6.3 percent EBITDA margin.

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Tupy stock was last at BRL 17.97 on the B3 on October 6, 2026 at 5:05 p.m. BRT, up 6.21 percent on the session. The key catalyst is a higher analyst target, even as the latest projections still point to pressure on profitability.

Itaú BBA raises its target

According to Investing.com, Itaú BBA upgraded Tupy to Outperform and raised its end-2026 price target from BRL 13 to BRL 20 in a report dated September 28, 2026. The bank also reduced its discount rate from 15.9 percent to 13.9 percent, which supported the higher valuation despite weaker operating assumptions.

The same report cut the 2026 EBITDA forecast by 27.7 percent to BRL 647 million and reduced projected net income from BRL 160 million to BRL 2 million. For the third quarter, Itaú BBA expects revenue of BRL 2.6 billion and an EBITDA margin of 9.4 percent, making the next results a direct test of the recovery thesis.

Second-quarter margin stays central

In its second-quarter 2026 review, Joinville360 reported net revenue of BRL 2.5 billion and an EBITDA margin of 6.3 percent. The report also linked the operating picture to efficiency projects and a better product mix, while heavy-vehicle demand in North America remained an important variable for Tupy's revenue outlook.

The contrast is material: the 6.3 percent second-quarter margin sits below Itaú BBA's 9.4 percent third-quarter forecast. That gap puts execution, cost control and demand recovery ahead of valuation as the main indicators for the next update.

Consensus target remains above the stock

A consensus page from Investing.com shows a Buy rating from 9 analysts, with 5 Buy ratings and 4 Holds. The average 12-month target is BRL 19.00, with a high of BRL 24.00 and a low of BRL 14.00; the average target lies 5.7 percent above BRL 17.97.

Stock sits near its yearly high

Tupy's BRL 17.97 price on October 6, 2026 was 1.21 percent below its 52-week high of BRL 18.19 and above the 52-week low of BRL 10.59. The company had a market capitalization of BRL 2.4 billion and volume of 1,536,500 shares on the same session.