Azzas 2154 stock: Citi raises target for Azzas 2154 stock to BRL 30.00

Published on 10/28/2026 at 06:28 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Citi set a buy/high-risk rating for Azzas 2154 on October 19, 2026. Azzas 2154 stock last stood at BRL 16.60 on October 27, 2026.

Target revision and ownership changes

Citi upgraded Azzas 2154 to buy/high risk and lifted its target to BRL 30.00 on October 19, 2026.
The target rose 57.89 percent from BRL 19.00 in the same October 19, 2026 revision.
BlackRock reported a 5.013 percent stake in Azzas 2154 on October 13, 2026.
Azzas 2154 had a BRL 3.4 billion market capitalization as of October 28, 2026.

Azzas 2154, BRAZZAACNOR9, Illustration mit AI erstellt.

Azzas 2154 (BRAZZAACNOR9) received a buy/high-risk recommendation from Citi, which lifted its price target from BRL 19.00 to BRL 30.00 on October 19, 2026, according to Money Times. The revision represents a 57.89 percent increase in the target and made Azzas one of the largest target revisions in the bank's retail coverage.

Target revision resets valuation

The new target gives the latest analyst view a clear numerical anchor. Citi's BRL 30.00 objective stands 57.89 percent above its previous BRL 19.00 target, while the bank also moved its recommendation to buy/high risk, according to El Fondo. The report described the investment case as supported by company-specific factors.

What changed around ownership?

The recent sequence points to corporate actions as a second valuation factor. On October 1, 2026, Azzas attracted 15 nonbinding proposals for Farm Rio, according to Money Times. On October 13, 2026, BlackRock's reported stake reached 5.013 percent, according to El Fondo. Citi's target revision followed on October 19, 2026.

The figures create a compact chronology: 15 Farm Rio proposals on October 1, 2026, a 5.013 percent BlackRock stake on October 13, 2026, and the BRL 19.00 to BRL 30.00 target revision on October 19, 2026. The sequence places the potential Farm transaction and shareholder interest beside the analyst reassessment.

Stock valuation and trading context

Azzas 2154 had a market capitalization of BRL 3.4 billion as of October 28, 2026. Its reported 52-week range was BRL 14.30 to BRL 30.70, placing the latest quoted level within a wide 114.69 percent span.

The latest available B3 quote was BRL 16.60 on October 27, 2026 at 9:32 p.m. BRT. The quote was below Citi's BRL 30.00 target, but the target and the market price use different currencies from the required euro reference framework and are therefore presented separately.