Currently, 13 financial institutions follow the operating and financial performance of the company and the performance of shares (ON) on the stock exchange of São Paulo (B3).
Below are the recommendations to purchase, sell or hold the shares and the target price expectations.
| Brokers |
Report Date |
Recommendation |
Target Price R$/share |
Timing |
Upside CPFE3 |
| Bradesco BBI |
09/10/2025 |
Neutral |
38.00 |
Sep-26 |
20.3% |
| Morgan Stanley |
04/10/2025 |
Neutral |
40.00 |
Apr-26 |
26.6% |
| BTG Pactual |
01/23/2024 |
Neutral |
41.00 |
Dec-24 |
29.8% |
| Itaú BBA |
04/27/2025 |
Buy |
45.90 |
Dec-25 |
45.3% |
| Safra |
10/08/2025 |
Neutral |
42.70 |
Oct-26 |
35.2% |
| Santander |
03/16/2025 |
Neutral |
35.63 |
Feb-26 |
12.8% |
| J.P. Morgan |
12/01/2025 |
Buy |
49.00 |
Dec-26 |
55.1% |
| UBS |
11/17/2025 |
Buy |
59.00 |
Nov-26 |
86.8% |
| Bank of America |
07/09/2025 |
Sell |
40.00 |
Jul-26 |
26.6% |
| Scotiabank |
02/10/2025 |
Neutral |
41.00 |
Feb-26 |
29.8% |
| Citi |
12/09/2024 |
Neutral |
37.00 |
Dez-25 |
17.1% |
| Goldman Sachs |
11/21/2025 |
Neutral |
43.00 |
Nov-26 |
36.1% |
| XP |
10/12/2025 |
Buy |
45.40 |
Dec-26 |
43.7% |
Upside - Was considered the price on 12/30/2024 - R$ 31.59/share.
It is important to note that any opinions, estimates or forecasts regarding CPFL Energia’s performance made by these institutions are theirs and theirs alone and do not represent the opinions or forecasts of CPFL Energia or its management.
CPFL Energia does not endorse such informations, neither share with those opinions, conclusions or recommendations by its exposure above or distribution. CPFL Energia does not assure that the above list of analysts is complete or updated and the information herein is subjected to the respective analysts authorization.
Listed bellow are the names and contacts of the analysts from the 13 institutions that make the Brazilian Utilities' coverage:
| Brokers |
Name |
E-mail |
| Bank of America |
Gustavo Faria |
gustavo.faria@bofa.com |
| Bradesco BBI |
Francisco Navarrete |
francisco.navarrete@bradescobbi.com.br |
| BTG Pactual |
Antonio Junqueira |
antonio.junqueira@btgpactual.com |
| Citi |
João Pimentel |
joao.pimentel@citi.com |
| Goldman Sachs |
Bruno Amorim |
bruno.amorim@gs.com |
| Itaú BBA |
Fillipe Andrade |
fillipe.andrade@itaubba.com |
| J.P.Morgan |
Victor Burke |
victor.burke@jpmorgan.com |
| Morgan Stanley |
Fernando Amaral |
fernando.amaral@morganstanley.com |
| Safra |
Daniel Travitzky |
daniel.travitzky@safra.com.br |
| Santander |
André Sampaio |
ansampaio@santander.com.b |
| Scotiabank |
Renato Pinto |
renato.pinto@scotiabank.com |
| UBS |
Giuliano Ajeje |
giuliano.ajeje@ubs.com |
| XP |
Raul Cavendish |
raul.cavendish@xpi.com.br |