Itaú Unibanco Holding

Digital Transformation And Customer Engagement Will Improve Operating Efficiency

AN

AnalystConsensusTarget

AnalystConsensusTarget

Not Invested

Based on Analyst Price Targets

Published

09 Feb 25

Updated

06 Dec 25

Views

80

n/a

n/a

AnalystConsensusTarget's Fair Value

n/a

1Y

38.5%

7D

-0.5%

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1Y

38.5%

7D

-0.5%

You can edit this narrative until Dec 7 9:10 AM. Then, changes will post as Updates.

Author's Valuation

R$43.5510.0% undervalued

AnalystConsensusTarget Fair Value

Shared on 06 Dec 25

Fair value Increased 1.43%

ITUB4: Upcoming Governance Changes And Guidance Day Will Support Balanced Outlook

Analysts have modestly raised their price target on Itaú Unibanco Holding to reflect a slightly higher fair value of R$43.55 from R$42.93, supported by incremental improvements in forecast revenue growth and valuation multiples, despite broadly stable profit margins and discount rates. What's in the News The scheduled Analyst and Investor Day will provide updated strategic and financial guidance, giving investors clearer visibility into medium term growth plans (company event) The board meeting on November 4, 2025 will review financial statements for January to September 2025, which may signal adjustments to guidance or capital allocation (company filing) The board meeting on October 30, 2025 will address the removal and election of company officers, indicating possible changes in senior management and the governance structure (company filing) Valuation Changes Fair value has risen slightly to R$43.55 from R$42.93, reflecting a modest uplift in the bank's estimated equity valuation.

Shared on 22 Nov 25

Fair value Increased 1.11%

ITUB4: Board Changes And Marginal Profit Gain Will Sustain Fair Valuation Outlook

Analyst Price Target Update for Itaú Unibanco Holding Analysts have revised their price target for Itaú Unibanco Holding upward, increasing it from R$42.46 to R$42.93. This update is based on improved revenue growth expectations and a slightly higher projected profit margin.

Shared on 07 Nov 25

Fair value Increased 2.09%

ITUB4: Future Profitability Will See Measured Improvement Amid Board Changes

Analysts have raised their price target for Itaú Unibanco Holding from R$41.59 to R$42.46. The adjustment reflects revised growth and profitability forecasts.

Shared on 29 Aug 25

Fair value Increased 2.25%

Itaú Unibanco Holding's consensus analyst price target saw a negligible increase, with both future P/E and revenue growth forecasts remaining stable, resulting in a minor fair value revision from R$40.67 to R$41.13. What's in the News Analyst/Investor Day scheduled.

Shared on 01 May 25

Fair value Increased 8.29%

Shared on 23 Apr 25

Fair value Increased 0.32%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 17 Apr 25

Fair value Increased 1.49%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 09 Apr 25

Fair value Decreased 6.47%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 02 Apr 25

Fair value Increased 8.45%

Shared on 26 Mar 25

Fair value Decreased 0.082%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 19 Mar 25

Fair value Increased 0.72%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 12 Mar 25

Fair value Decreased 6.92%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

AnalystConsensusTarget Fair Value

R$43.55

10.0% undervalued

Future estimation in

Growth p.a.

Growth p.a.

%

Decrease

Increase

Current revenue growth rate

9.86%

Banks revenue growth rate

0.26%

Risk Level (Discount Rate)

Our default considers factors like the company's size, volatility, profitablity and country of operation.

%

0

Decrease

Increase

Current discount rate

22.27%

Calculation

R$54.48b

Earnings '28

x

15.41x

PE Ratio '28

=

R$839.33b

Market Cap '28

R$839.33b

Market Cap '28

/

10.68b

No. shares '28

=

R$78.57

Share Price '28

R$78.57 Share Price '28

Discounted to 2025 @ 21.74% p.a.

=

R$43.55

Fair Value '25