Fintel reports that on October 9, 2024, JP Morgan upgraded their outlook for Inter (NasdaqGS:INTR) from Neutral to Overweight.
Analyst Price Forecast Suggests 16.00% Upside
As of September 25, 2024, the average one-year price target for Inter is $7.60/share. The forecasts range from a low of $4.04 to a high of $9.98. The average price target represents an increase of 16.00% from its latest reported closing price of $6.55 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Inter is 6,847MM, an increase of 78.62%. The projected annual non-GAAP EPS is 1.34.
What is the Fund Sentiment?
There are 60 funds or institutions reporting positions in Inter. This is an increase of 1 owner(s) or 1.69% in the last quarter. Average portfolio weight of all funds dedicated to INTR is 0.26%, an increase of 17.13%. Total shares owned by institutions increased in the last three months by 2.85% to 98,652K shares. 
The put/call ratio of INTR is 0.20, indicating a bullish outlook.
What are Other Shareholders Doing?
Softbank Group holds 64,507K shares representing 20.05% ownership of the company. No change in the last quarter.
Samlyn Capital holds 4,994K shares representing 1.55% ownership of the company. In its prior filing, the firm reported owning 4,798K shares , representing an increase of 3.93%. The firm decreased its portfolio allocation in INTR by 64.68% over the last quarter.
Goldman Sachs Group holds 4,645K shares representing 1.44% ownership of the company. In its prior filing, the firm reported owning 4,361K shares , representing an increase of 6.11%. The firm decreased its portfolio allocation in INTR by 73.17% over the last quarter.
Millennium Management holds 4,512K shares representing 1.40% ownership of the company. In its prior filing, the firm reported owning 2,644K shares , representing an increase of 41.41%. The firm increased its portfolio allocation in INTR by 99.29% over the last quarter.
Wcm Investment Management holds 3,001K shares representing 0.93% ownership of the company. In its prior filing, the firm reported owning 2,585K shares , representing an increase of 13.85%. The firm increased its portfolio allocation in INTR by 26.15% over the last quarter.
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This story originally appeared on Fintel.
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