Goldman Sachs Raised the PT on Ultrapar Participacoes (UGP), Stock Up More than 18% Since FQ2 2025

Ultrapar Participações S.A. (NYSE:UGP) is one of the Cheap Energy Stocks to Buy Under $5. Ultrapar Participações S.A. (NYSE:UGP) is up more than 18.33% since the release of its fiscal second quarter results for 2025, on August 15.

The company posted a revenue of $34.06 billion, which grew 5.29% year-over-year. Notably, the net income of $1.09 billion also grew 148.53% year-over-year. Management is expecting seasonally stronger volumes and profitability improvement for Ipiranga in the next quarter.

Recently, on September 26, Goldman Sachs raised the price target on Ultrapar Participações S.A. (NYSE:UGP) from $4 to $4.5, while maintaining a Buy rating on the stock.

Ultrapar Participações S.A. (NYSE:UGP) is a Brazilian company focused on automotive fuel retail and related industries.

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