| Broker | Date | Analyst | Recommendation | Target Price |
| Bank of America Merrill Lynch |
05/13/2020 | Rodrigo Villanueva Leonardo Olmos |
Sell | R$19.00 US$3.20 |
| Bradesco BBI | 04/20/2020 | Fred Mendes Gustavo Tiseo |
Neutral | R$27.00 |
| BTG Pactual | 08/15/2019 | Carlos Siqueira Osni Carfi |
Buy | R$40.00 US$9.40 |
| Credit Suisse | 06/02/2020 | Daniel Federle Felipe Cheng |
Neutral | R$24.00 |
| Goldman Sachs | 04/29/2020 | Diego Aragão Vitor Tomita João Dutra |
Buy | R$28.00 US$5.00 |
| HSBC | 06/24/2019 | Christopher Recouso Phani Kanumuri |
Sell | R$26.00 |
| Itaú BBA | 04/08/2020 | Susana Salaru Tito Ferraz |
Buy | R$32.50 |
| Jefferies | 04/01/2020 | Samad Samana Mason Marion Ryan Bressner Jordan Boretz |
Buy | R$39.00 US$5.00 |
| J.P. Morgan | 06/05/2020 | Marcelo Santos | Sell | R$19.00 |
| 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 |