What Does Wall Street Think About Ultrapar Participações S.A. (UGP)?

Ultrapar Participações S.A. (NYSE:UGP) is one of the best affordable stocks under $5 to buy for the next 3 years. On November 13, Scotiabank maintained a Buy rating on Ultrapar Participações S.A. (NYSE:UGP), setting a price target of BRL26.00. The same day, the stock was upgraded to Outperform from Neutral by Bradesco BBI with a R$30 price target.

Why Ultrapar Participações S.A. (UGP) Is Surging

The rating updates came after Ultrapar Participações S.A. (NYSE:UGP) reported its fiscal Q3 2025 results on November 12, with revenue for the quarter reaching R$37.1 billion and net income of R$0.8 billion. Cash generated from operations for the quarter amounted to R$2.1 billion, while adjusted EBITDA reached R$1.9 billion.

The company also provided updates regarding the advances made in its growth and strategic positioning agenda, including the completion of the expansion of the Santos terminal, which added  34,000 m³ of storage capacity at Ultracargo in October 2025. Ultrapar Participações S.A. (NYSE:UGP) also closed the sale of coastal navigation operation (cabotage) by Hidrovias on November 1 for R$715 million, bolstering its financial position while allowing focus on more synergistic and complementary businesses.

Ultrapar Participações S.A. (NYSE:UGP) is involved in distribution and retail services such as fuel, retail pharmacy, LPG, specialty chemicals, and liquid bulk storage businesses. The company’s operations are divided into the following segments: Ultragaz, Ipiranga, Oxiteno, Ultracargo, Extrafarma, and Others.

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.