# Ultrapar Holdings (UGP) — Analyst Forecast

UGP · NYSE · Stock

Canonical page: https://www.lighthorse.io/tickers/ugp/forecast

## Recent analyst ratings

| Date | Firm | Action | Rating | Price target |
| --- | --- | --- | --- | --- |
| Sep 17, 2026 | Scotiabank | Downgraded | Sector Outperform → Sector Perform | — |
| Sep 4, 2026 | UBS | Maintained | Buy | $7.90 |
| Aug 26, 2026 | Goldman Sachs | Maintained | Neutral | $5.80 |
| Jul 8, 2026 | B of A Securities | Upgraded | Neutral → Buy | $7.40 |
| Jun 30, 2026 | B of A Securities | Maintained | Neutral | $6.80 |
| Jun 17, 2026 | UBS | Maintained | Buy | $7.20 |
| Apr 28, 2026 | UBS | Initiated Coverage | Buy | $7.00 |
| Apr 8, 2026 | HSBC | Downgraded | Buy → Hold | $6.00 |
| Mar 13, 2026 | Jefferies | Upgraded | Underperform → Hold | $5.60 |
| Sep 26, 2025 | Goldman Sachs | Maintained | Buy | $4.50 |
| Jul 28, 2025 | Scotiabank | Upgraded | Sector Perform → Sector Outperform | — |
| Jan 16, 2025 | Goldman Sachs | Maintained | Neutral | $4.10 |
| Jan 7, 2025 | JP Morgan | Upgraded | Neutral → Overweight | — |
| Jul 23, 2024 | Goldman Sachs | Maintained | Neutral | $5.20 |
| Jun 14, 2024 | Citigroup | Upgraded | Neutral → Buy | — |
| Mar 20, 2024 | Goldman Sachs | Maintained | Neutral | $6.00 |
| Dec 13, 2023 | Goldman Sachs | Maintained | Neutral | $5.30 |
| Nov 13, 2023 | Goldman Sachs | Maintained | Neutral | $4.60 |
| Sep 21, 2023 | Jefferies | Initiated Coverage | Underperform | $3.30 |
| Sep 13, 2023 | Goldman Sachs | Downgraded | Buy → Neutral | $4.00 |

## Frequently Asked Questions

### What is the latest analyst rating on UGP?

On Sep 17, 2026, Scotiabank downgraded Ultrapar Holdings to Sector Perform.

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Analyst ratings and price targets are the opinions of third-party research firms, not of Light Horse Securities. They are estimates about an uncertain future, are frequently wrong, and are neither a recommendation nor a prediction of actual results.

This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).