HSBC Upgrades Banco BBVA Argentina (BBAR) to Buy, Reduces the PT

​Banco BBVA Argentina S.A. (NYSE:BBAR) is one of the Oversold Financial Stocks to Buy According to Hedge Funds. On September 30, Carlos Gomez-Lopez from HSBC upgraded Banco BBVA Argentina S.A. (NYSE:BBAR) from Hold to Buy, while reducing the price target on the stock from $21 to $17.

The rating upgrade follows the company’s fiscal second-quarter results, which were announced on August 20, 2025. The company missed Wall Street’s EPS and revenue estimates for the quarter, and the stock has been down around 44% since the release. Banco BBVA Argentina S.A. (NYSE:BBAR) posted a revenue of $527.39 million, short of the consensus by $5.51 million. Moreover, the EPS of $0.21 was also behind expectations by $0.16.

​However, despite this underperformance, Carlos Gomez-Lopez noted that this volatility offers an attractive entry point for Argentine banks. He believes that the exchange rates are lower, which favors the entry into the sector. Moreover, the long-term investment case for Argentine banks remains robust.

​Banco BBVA Argentina S.A. (NYSE:BBAR) is an Argentina-based banking institution that provides a range of financial and non-financial services for individuals and companies.

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