JBS N.V. (NYSE:JBS) is one of the 10 best large cap stocks under $30 with highest upside potential.
On May 15, Bank of America Securities reduced the firm’s price target on JBS N.V. (NYSE:JBS) from $21 to $20, resulting in almost 66% revised upside potential
The firm also maintained its Buy rating on the stock. Copyright: auremar / 123RF Stock Photo Bank of America Securities informed investors that although it had expected a difficult first quarter scenario for key areas, such as beef and Pilgrim’s Pride, the decline was more than expected. The firm reduced its earnings per share projections for 2026 and 2027 by 24% and 19% each, but stressed that JBS’s size and diverse business strategy could help prevent further losses.
On May 14, JPMorgan adjusted its outlook on JBS N.V. (NYSE:JBS), lowering the price target from $20.50 to $18.50, which resulted in a revised upside potential of over 53%. The firm also downgraded the stock from Overweight to Neutral. This happened right after the earnings report because of what they called weaker momentum.