Goldman Sachs Sticks to 'Buy' Rating for B3 SA, Brasil, Bolsa, Balcao

Goldman Sachs analyst Tito Labarta has stuck to his 'Buy' rating for B3 SA, Brasil, Bolsa, Balcao (B3SA3) since July 28. He also set a price target of BRL21.00 for the company.

In comparison to last year's results, B3 SA reported a quarterly revenue of BRL2.87 billion and a net profit of BRL1.48 billion for the quarter ending March 31. This is an increase from last year's revenue of BRL2.39 billion and net profit of BRL1.11 billion.

The general analyst consensus on the Street suggests a Moderate Buy rating for B3 SA, Brasil, Bolsa, Balcao with an average price target of BRL19.75. Labarta has been tracking the company's performance as part of his focus on the Financial sector, where he also covers stocks such as Nu Holdings and Banco Santander Chile.