Contraste
Acessibility 
Average Target Price – R$ 4,65
| Consensus | 2025E | 2026E |
|---|---|---|
| Net sales (R$ million) | R$ 28,887 | R$ 27,585 |
| Gross margin (%) | 31.1% | 71.7% |
| Adjusted EBITDA (R$ million) | R$ 2,326 | R$2,569 |
| Financial result (R$ million) | -R$ 1,299 | -R$ 1,299 |
| Net income (R$ million) | -R$ 980 | -R$ 578 |
TARGET PRICE (Sell) – R$ 6,70
| Banco do Brasil projections | 2025E | 2026E |
|---|---|---|
| Net sales (R$ million) | R$ 28,617 | R$ 30,336 |
| Gross margin (%) | 29.3% | 30.9% |
| Adjusted EBITDA (R$ million) | R$ 2,075 | R$ 2,230 |
| Financial result (R$ million) | R$ (2,540) | R$ (2,509) |
| Net income (R$ million) | R$ (1,095) | R$ (1,008) |
TARGET PRICE (Sell) – R$ 3,25
| BofA Merrill Lynch projections | 2025E | 2026E |
|---|---|---|
| Net sales(R$ million) | R$ 28,133 | R$ 28,995 |
| Gross margin (%) | – | – |
| Adjusted EBITDA (R$ million) | – | – |
| Financial result (R$ million) | – | – |
| Net income (R$ million) | -R$ 1,266 | -R$ 914 |
TARGET PRICE (Neutral) – R$ 9,00
| Bradesco projections | 2024E | 2025E |
|---|---|---|
| Net sales (R$ million) | R$ 30,512 | R$ 32,209 |
| Gross margin (%) | – | – |
| Adjusted EBITDA (R$ million) | R$ 3,008 | R$ 3,207 |
| Financial result (R$ million) | – | – |
| Net income (R$ million) | – | R$ 44 |
TARGET PRICE (Neutral) – R$ 9,00
| BTG Pactual projections | 2025E | 2026E |
|---|---|---|
| Net sales(R$ million) | R$ 28,637 | R$ 30,108 |
| Gross margin (%) | 31.6% | 32.1% |
| Adjusted EBITDA (R$ million) | R$ 2,561 | R$ 2,859 |
| Financial result (R$ million) | – | – |
| Net income (R$ million) | -R$ 754 | -R$ 154 |
TARGET PRICE (Neutral) – R$ 5,10
| Citi projections | 2025E | 2026E |
|---|---|---|
| Net sales(R$ million) | R$ 28,129 | R$ 29,619 |
| Gross margin (%) | 31.5% | 31.6% |
| Adjusted EBITDA (R$ million) | R$ 2,533 | R$ 3,035 |
| Financial result (R$ million) | – | – |
| Net income (R$ million) | -R$ 489 | -R$ 28 |
TARGET PRICE (Sell) – R$ 4,00
| Genial projections | 2025E | 2026E |
|---|---|---|
| Net sales(R$ million) | R$ 29,715 | R$ 30,509 |
| Gross margin (%) | 31.1% | 31.6% |
| Adjusted EBITDA (R$ million) | R$ 2,692 | R$ 2,933 |
| Financial result (R$ million) | -R$ 2,326 | -R$ 2,141 |
| Net income (R$ million) | -R$ 602 | -R$ 327 |
TARGET PRICE (Sell) – R$ 3,20
| Goldman Sachs projections | 2025E | 2026E |
|---|---|---|
| Net sales (R$ million) | R$ 28,783 | R$ 30,366 |
| Gross margin (%) | – | – |
| Adjusted EBITDA (R$ million) | R$ 2,447 | R$ 2,667 |
| Financial result (R$ million) | – | – |
| Net income (R$ million) | -R$ 1,526 | -R$ 1,526 |
TARGET PRICE (Sell) - -
| Morgan Stanley projections | 2025E | 2026E |
|---|---|---|
| Net sales(R$ million) | R$ 28,788 | R$ 30,547 |
| Gross margin (%) | 31.4% | 31.5% |
| Adjusted EBITDA (R$ million) | R$ 2,418 | R$ 2,651 |
| Financial result (R$ million) | -R$ 2,928 | -R$ 2,902 |
| Net income (R$ million) | -R$ 1,164 | -R$ 1,015 |
TARGET PRICE (Sell) – R$ 3,20
| Safra projections | 2025E | 2026E |
|---|---|---|
| Net sales (R$ million) | R$ 28,886 | R$ 3,038 |
| Gross margin (%) | 31.5% | 312.7% |
| Adjusted EBITDA (R$ million) | R$ 2,970 | R$ 3,132 |
| Financial result (R$ million) | – | – |
| Net income (R$ million) | -R$ 905 | -R$ 609 |
TARGET PRICE (Neutral) – R$ 3,90
| Santander projections | 2025E | 2026E |
|---|---|---|
| Net sales(R$ million) | R$ 28,674 | R$ 30,126 |
| Gross margin (%) | 31.5% | 31.5% |
| Adjusted EBITDA (R$ million) | R$ 2,552 | R$ 2,976 |
| Financial result (R$ million) | – | – |
| Net income (R$ million) | – R$ 1,020 | – R$ 527 |
TARGET PRICE (Neutral)) – R$ 8.00
| XP projections | 2025E | 2026E |
|---|---|---|
| Net sales(R$ million) | R$ 8.00 | – |
| Gross margin (%) | – | – |
| Adjusted EBITDA (R$ million) | – | – |
| Financial result (R$ million) | – | – |
| Net income (R$ million) | – | – |
