| Institution | Analyst | Update in | Net Revenue FY 2024 | Adjusted EBITDA FY 2024 | Price Objective | Ratings | |
| UBS BB | André Salles | [email protected] | Dec - 2024 | 3,299 | 1,421 | 17.50 | Neutral |
| Bank of America Merrill Lynch | Flavio Yoshida | [email protected] | Dec - 2024 | 3,300 | 1,438 | 24.00 | Buy |
| Goldman Sachs | Gustavo Miele | [email protected] | Dec - 2024 | 3,317 | 1,438 | 16.00 | Sell |
| Citibank | Leandro Bastos | [email protected] | Nov - 2024 | 3,304 | 1,402 | 18.00 | Neutral |
| Morgan Stanley | Maurício Cepeda | [email protected] | Nov - 2024 | 3,278 | 1,441 | 19.00 | Neutral |
| BTG Pactual | Samuel Alves | [email protected] | Oct - 2024 | 3,326 | 1,463 | 23.00 | Buy |
| Bradesco BBI | Marcio Osako | [email protected] | Oct - 2024 | 3,273 | 1,419 | 17.00 | Neutral |
| J.P. Morgan | Marcelo Santos | [email protected] | Aug - 2024 | 3,278 | 1,429 | 25.00 | Neutral |
| Itaú BBA | Vinicius Figueiredo | [email protected] | Aug - 2024 | 3,214 | 1,347 | 22.00 | Buy |
| Average | 3,288 | 1,422 | 20.17 |
