Itaú BBA Raises Ibovespa Forecast to 155,000 Points by End of 2025

Itaú BBA raises its Ibovespa forecast to 155,000 points by the end of 2025, up from 145,000 points previously. The bank believes the market will continue to favor stocks as it begins to price in a cycle of monetary easing while monitoring potential changes in the macroeconomic cycle. The Ibovespa has already risen 16% in 2025 and the bank's "top picks" include Equatorial, Sabesp, BTG Pactual, Rede D'Or, Suzano, Multiplan, Bradesco GPS, and Prio.

Itaú BBA, a leading Brazilian bank, has revised its forecast for the Ibovespa index, raising its target to 155,000 points by the end of 2025. This marks an upward adjustment from the previous forecast of 145,000 points. The bank attributes this change to its expectation that the market will continue to favor stocks as it begins to price in a cycle of monetary easing while closely monitoring potential shifts in the macroeconomic cycle [1].

The Ibovespa has already shown significant growth in 2025, rising by 16% year-to-date. Itaú BBA's "top picks" for investment include Equatorial, Sabesp, BTG Pactual, Rede D'Or, Suzano, Multiplan, Bradesco GPS, and Prio. These companies are expected to benefit from the favorable market conditions and the bank's positive outlook on the economy.

The bank's latest economic analysis suggests that the retail and services sectors are expected to accelerate in February, with the service sector showing particular strength. Additionally, the seasonally adjusted delinquency rate rose to 3.2% in March, indicating a slight increase in credit risk [2]. However, the bank remains optimistic about the overall economic trajectory, citing improvements in industrial production and a potential recovery in economic activity [3].

Itaú BBA also notes that the Central Bank of Brazil (Copom) is expected to continue its monetary policy tightening, with the Selic rate projected to reach 15.75% by the end of the year. The bank believes that this will help to stabilize inflation and support the economic recovery [4].

In conclusion, Itaú BBA's revised forecast for the Ibovespa index reflects its positive outlook on the Brazilian economy and the continued favorability of stocks. Investors and financial professionals should closely monitor the market and consider the bank's top picks for potential investment opportunities.

References:
[1] https://www.itau.com.br/itaubba-pt/analises-economicas/brazil
[2] https://www.itau.com.br/itaubba-pt/analises-economicas/brazil
[3] https://www.itau.com.br/itaubba-pt/analises-economicas/brazil
[4] https://www.itau.com.br/itaubba-pt/analises-economicas/brazil