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Highlights

  • Goldman Sachs raises its 12-month target to USD12.60 while keeping a “buy” rating.
  • Market consensus sits at a “Hold” with an average price target near USD12.70.
  • Analyst actions this month show upgrades and downgrades, reflecting divergent views.

Telefonica Brasil S.A. (NYSE: VIV) has seen fresh analyst activity over the past few weeks, with The Goldman Sachs Group increasing its 12-month price target to USD12.60 and reiterating a “buy” stance. That move is the most recent addition to a string of updates that have left the stock with a mixed wall-street picture: two buy ratings, two holds, and a single sell in the published coverage, yielding a consensus “Hold.”

The firm’s July–August earnings season added context to these recommendations. Telefonica Brasil reported second-quarter operational results that showed year-over-year revenue growth and an EBITDA improvement, and the company released its quarter results publicly on July 28. While line-by-line comparisons vary across data providers, the quarter highlighted continued traction in fixed broadband and corporate services, alongside steady mobile service performance. Analysts have reacted differently to those metrics, which helps explain the cluster of price-target revisions.

Digging into the analyst moves: Barclays increased its target (to USD13.00) and maintained a more favourable stance, Scotiabank moved its target materially higher to USD12.50 while keeping a neutral/sector-perform stance, and JPMorgan reiterated an underweight view. Other independent research providers have moved between buy and hold, producing the narrow consensus range (roughly USD12.50–USD13.00). The dispersion is modest in absolute dollars but meaningful given the stock’s recent trading range.