BTG Pactual sets 8.00 Reais price target for Cosan

BTG Pactual has issued a buy recommendation for Cosan, setting a long-term price target of 8.00 Reais. The analysis highlights the company's ongoing portfolio simplification as a primary driver for potential valuation improvements, which could reduce complexity and capital allocation costs.

However, high debt levels at the holding company level remain a significant risk factor. As of June 30, 2026, Cosan's net debt stood at 47.49 billion Reais. While the company reported a net loss of 320.50 million Reais in the second quarter of 2026, this represented a 79.76 percent improvement compared to the 1.58 billion Reais loss reported in the first quarter of 2026.

Cosan's diverse holdings include Raízen, Rumo, Compass, Moove, and Radar. The company's next financial report is scheduled for November 13, 2026.