Goldman Sachs Raised the PT on Ultrapar Participações (UGP), Stock Up More than 18% Since FQ2 2025

Ultrapar Participações S.A. (NYSE:UGP) is one of the Cheap Energy Stocks to Buy Under $5. Ultrapar Participações S.A. (NYSE:UGP) is up more than 18.33% since the release of its fiscal second quarter results for 2025, on August 15.

The company posted a revenue of $34.06 billion, which grew 5.29% year-over-year. Notably, the net income of $1.09 billion also grew 148.53% year-over-year. Management is expecting seasonally stronger volumes and profitability improvement for Ipiranga in the next quarter.

Recently, on September 26, Goldman Sachs raised the price target on Ultrapar Participações S.A. (NYSE:UGP) from $4 to $4.5, while maintaining a Buy rating on the stock.

Ultrapar Participações S.A. (NYSE:UGP) is a Brazilian company focused on automotive fuel retail and related industries.

While we acknowledge the potential of UGP to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than UGP and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.