Telefonica Brazil: Goldman Sachs raises PT to $12.6, maintains Buy rating.

Telefonica Brazil: Goldman Sachs raises PT to $12.6, maintains Buy rating.

Goldman Sachs has updated its price target for Telefonica Brasil (NYSE: VIV) to $12.60, maintaining a "Buy" rating on the stock. The investment bank made this adjustment in a research note dated July 2, 2025. The previous price target was $10.30, indicating a significant increase in the expected value of the stock.

Telefonica Brasil, a mobile telecommunications company based in Brazil, has seen its stock price fluctuate in recent months. The company reported earnings for the quarter ending July 28, 2025, with earnings per share (EPS) of $0.15, missing the consensus estimate of $0.16. Despite this, the company's strong financial position, indicated by a market capitalization of $20 billion and a price-to-earnings (P/E) ratio of 19.83, has drawn the attention of several institutional investors.

Institutional investors have been making significant changes to their positions in Telefonica Brasil. XTX Topco Ltd. reduced its holdings by 69.8% during the first quarter, while Robeco Institutional Asset Management B.V. boosted its position by 2.8%, and Barclays PLC raised its stake by 2.6%. These changes suggest varying levels of confidence in the company's future performance.

Goldman Sachs' new price target of $12.60 is higher than the current market price of $12.39, reflecting optimism about the company's growth prospects. The investment bank's analysts believe that Telefonica Brasil's strong financial position, coupled with its expansion into 5G technology, positions the company well for future growth. The new price target is also in line with the consensus target price of $11.93 set by MarketBeat.

Despite the positive outlook, it is essential to note that other research firms have differing opinions on Telefonica Brasil. Wall Street Zen downgraded the stock to a "Hold" rating, citing concerns about the company's performance. JPMorgan Chase & Co. maintained an "underweight" rating on the stock.

In conclusion, Goldman Sachs' updated price target and "Buy" rating for Telefonica Brasil reflect optimism about the company's future prospects. However, investors should consider the varying opinions of other research firms and the company's recent earnings report before making investment decisions.

References:

[1] https://www.marketbeat.com/instant-alerts/filing-telefonica-brasil-sa-nyseviv-shares-sold-by-xtx-topco-ltd-2025-08-15/
[2] https://www.marketbeat.com/instant-alerts/wall-street-zen-downgrades-telefonica-brasil-nyseviv-to-hold-2025-08-10/