| Broker | Date | Analyst | Recommendation | Target Price |
| Bank of America Merrill Lynch |
03/25/2020 | Rodrigo Villanueva Leonardo Olmos Mario Pierry |
Sell | R$20.00 US$4.00 |
| Bradesco BBI | 08/29/2019 | Fred Mendes Guilherme Haguiara |
Buy | R$37.00 |
| BTG Pactual | 08/15/2019 | Thiago Kapulskis Osni Carfi |
Buy | R$40.00 US$9.40 |
| Credit Suisse | 01/22/2020 | Daniel Federle Felipe Cheng |
Buy | R$42.00 |
| Goldman Sachs | 01/13/2020 | Diego Aragão Vitor Tomita João Dutra |
Buy | R$45.00 US$10.00 |
| HSBC | 06/24/2019 | Christopher Recouso Phani Kanumuri |
Sell | R$26.00 |
| Itaú BBA | 08/14/2019 | Susana Salaru Tito Ferraz |
Buy | R$45.00 |
| Jefferies | 04/01/2020 | Samad Samana Mason Marion Ryan Bressner Jordan Boretz |
Buy | R$39.00 US$5.00 |
| J.P. Morgan | 12/13/2019 | Marcelo Santos | Neutral | R$34.34 |
| Morgan Stanley | 02/27/2020 | Cesar Medina | Buy | R$43.00 US$10.00 |
| Safra | 12/19/2019 | Luis Azevedo Silvio Doria |
Buy | R$40.00 |
| Santander | 03/20/2019 | Maria Tereza Azevedo | Buy | R$38.50 |
| UBS | 08/14/2019 | Vinicius Ribeiro | Neutral | R$34.00 |