Monday, March 30

Petrobras (PBR) Price Target Raised to $19.50


Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) is included among the 15 Large Cap Stocks with Highest Dividends.

Petrobras (PBR) Price Target Raised to $19.50
Petrobras (PBR) Price Target Raised to $19.50

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) is one of the largest oil and gas producers in the world. The Brazilian company is mainly dedicated to exploration and production, refining, energy generation, and marketing.

On March 23, Goldman Sachs analyst Bruno Amorim bumped the company’s price target on Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) from $15 to $19.50, while maintaining a ‘Buy’ rating on the shares.

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) delivered record exports of 1.2 million barrels per day of oil and derivatives in Q4 2025, up by around 79% YoY. This is because the company’s oil production in Brazil surged by about 20% YoY during the quarter to 2.5 million bpd. A significant advantage for the energy giant stems from its predominantly dollar-linked revenues tied to international oil benchmarks, insulating it from the volatility linked to the Brazilian real and ensuring substantial hard currency exposure.

With a robust annual dividend yield of 5.98%, Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) was recently included in our list of the 13 Oil Stocks with Highest Dividends.

While we acknowledge the potential of PBR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 13 Oil Stocks with Highest Dividends and 14 Best Energy Stocks to Buy According to Wall Street Analysts

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