Energy sector strategists have raised their PBR stock forecast after Petrobras announced record-breaking pre-salt production for April. These output levels strengthen cash flow visibility through mid-2024, making dividend yields above 10% more sustainable. 4 days ago · Based on short-term price targets offered by eight analysts, the average price target for Petrobras comes to $15.01. The forecasts range from a low of $13.00 to a high of $17.00. The average... This means that the interests of these institutions are not always aligned with those of retail investors, giving little insight into the direction of a stock's future price movement. It would therefore be best to use this information to validate your own analysis or a tool that has proven to be highly effective at predicting stock price movements. Investor sentiment has been boosted by Petrobras’ announcement of $3 billion in Q1 dividends, influencing short-term PBR stock forecast revisions to the upside, particularly among yield-focused funds.