Bradesco BBI raises Yduqs price target to R$ 17

On 18 September 2026, Bradesco BBI reiterated an outperform rating for Brazilian education company Yduqs and raised its target price from R$ 15 to R$ 17. The bank named Yduqs as its top pick in the education sector after raising earnings and cash generation projections.

Bradesco BBI raised its 2027 adjusted net income projection by 4% to R$ 442 million. Estimated cash generation rose 12% to R$ 426 million, supported by lower financial expenses, a lower effective tax rate, and working capital improvements. Operationally, the bank expects net revenue growth to accelerate to 3.7% year over year in the second half of 2026.

The analysts also identified a potential 21% upside for Yduqs shares in a hypothetical all-stock merger with Afya. In that scenario, evaluating medical seats and applying a multiple of 4.0 times enterprise value to EBITDA for non-medical operations, Yduqs would hold 36% of the combined company.

According to Bradesco BBI, Yduqs trades at a projected price-to-earnings multiple of 5.9 times, which is 17% below its historical average.