BTG Pactual Upgrades Ultrapar Participacoes From Neutral to Buy, Keeps PT at BRL 26

Ultrapar Participações S.A. (NYSE:UGP) is one of the 9 Most Profitable Penny Stocks to Buy Right Now. On September 4, BTG Pactual upgraded Ultrapar Participações S.A. (NYSE:UGP) from Neutral to Buy, with a price target of BRL 26 ($4.91).

BTG has upgraded UGP following strong Q2 2025 performance. The company posted $6.31 billion in revenue, exceeding estimates by $388.13 million. The earnings per share were around $0.06, also surpassing the estimated $0.05 per share. The analyst at BTG remains bullish on Ultrapar as the company achieved record results at Hidrovias, which have been consolidated into the company’s financials since May 2025. Moreover, the company also saw an 11% increase in recurring adjusted EBITDA, indicating a better sales mix and enhanced efficiency in the Bulk segment.

Wall Street expects Ultrapar Participações S.A. (NYSE:UGP) to post almost $6.74 billion in revenue during Q3 2025 and an earnings per share of around $0.10. On August 14, Banco Santander analyst Rodrigo Reis de Almeida upgraded UGP to Buy, with a price target of $4. As of September 16, Ultrapar Participações S.A.’s (NYSE:UGP) average price target of $4.18, based on analysts’ estimates, implies an upside of almost 4.95% from current levels.

While we acknowledge the potential of UGP as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.