AGI (NYSE:AGBK) Now Covered by Analysts at Oppenheimer

Oppenheimer initiated coverage on shares of AGI (NYSE:AGBK) in a research report sent to investors on Monday morning, Marketbeat Ratings reports. The brokerage issued an outperform rating and a $15.00 target price on the stock.

A number of other brokerages also recently commented on AGBK. Morgan Stanley assumed coverage on shares of AGI in a research note on Monday. They issued an “overweight” rating and a $21.00 target price on the stock. HSBC began coverage on shares of AGI in a research report on Thursday, March 5th. They set a “buy” rating and a $15.00 price target for the company. Finally, Wall Street Zen raised AGI to a “hold” rating in a research report on Saturday, February 21st. Seven analysts have rated the stock with a Buy rating, According to MarketBeat, AGI has an average rating of “Buy” and an average target price of $17.14.

AGI Trading Up 0.2%

NYSE AGBK opened at $10.53 on Monday. AGI has a one year low of $10.21 and a one year high of $12.21.

Key Stories Impacting AGI

Here are the key news stories impacting AGI this week:

• Positive Sentiment: Morgan Stanley started coverage with an “Overweight” rating and a $21 price target (≈99.5% upside). This is the most aggressive target and likely the biggest single driver of buying interest today.
• Positive Sentiment: The Goldman Sachs Group initiated coverage with a “Buy” rating and a $19 price target (≈80.5% upside).
• Positive Sentiment: Citigroup initiated coverage with a “Buy” rating and an $18 price target (≈71% upside). Article Title
• Positive Sentiment: Susquehanna started coverage at “Positive” with a $17 price target (≈61.5% upside). Article Title
• Positive Sentiment: Itau BBA initiated coverage with an “Outperform” and a $15 price target (≈42.5% upside). Article Title Ticker Report
• Positive Sentiment: Oppenheimer initiated with an “Outperform” and a $15 price target (≈42.5% upside). Article Title

About AGI

Our mission is to revolutionize financial services for the largest and fastest growing segment of Brazil’s population: individuals who have been underserved by incumbent banks and have not been effectively reached by digital-only banks. We seek to make credit and banking solutions more accessible and affordable for the Brazilian consumers who we believe need it the most, including social security beneficiaries and private and public sector workers. We have designed a unique value proposition for this population, who may be older, have a lower income, be less tech-savvy or have less access to education.