11 Hot Penny Stocks to Buy Right Now

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2. Banco Bradesco S.A. (NYSE:BBD)

Price: $3.10

6-months Performance: 67.57%

Number of Hedge Fund Holders: 24

Banco Bradesco S.A. (NYSE:BBD) is one of the 11 Hot Penny Stocks to Buy Right Now. On May 8, Citi analyst Gustavo Schroden upgraded Banco Bradesco S.A. (NYSE:BBD) from Neutral to Buy, while also raising the price target on the stock from R$13.60 to R$19.50.

The analyst noted key drivers behind the upgrade to be the company’s improved return on investment, which is expected to improve both in the short and long term. Schroden also expects net interest income of Banco Bradesco S.A. (NYSE:BBD) to improve in 2025 due to better funding costs and a more favorable asset mix.

Looking ahead into 2026, the analyst suggests that the cost discipline is anticipated to have a stronger impact on results through operating leverage. Citi anticipates the bank’s sustainable ROE could reach 16.5% by late 2026.

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