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Nov 09, 2026
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TIM S.A. (TIMB): Analyst Consensus Points to +30% Upside Toward $24 Target

TIM S.A. (TIMB): Analyst Consensus Points to +30% Upside Toward $24 Target

Key Takeaways

  • The central $24 price target is the arithmetic mean of five recent analyst targets (roughly $23.50, rounded), implying about 30% upside from recent trading near $18.45.
  • The verified individual targets span a wide $22 to $28.50 range, and most analysts rate the stock a Hold or Neutral.
  • The strongest supports are a ~6.5% dividend yield, a low valuation (a P/E near 10x), and management's mid-single-digit EBITDA growth guidance.
  • The biggest risks are intense Brazilian telecom competition, high customer churn, currency pressure, a recent earnings-per-share miss, and uncertainty around the Italian parent's ownership intentions.
  • The required move is substantial, not trivial, and would likely require re-rating alongside improving fundamentals.
  • For more detail, explore Major News, Today's Price Move, Forecast, and Earnings on additional pages.
  • Explore Trending AI Robots to see AI-driven trading strategies in action.

Analyst Price Targets and Consensus View

TIM S.A. (TIMB) is the New York-listed American Depositary Receipt (ADR) of Brazil's third-largest wireless operator, which also sells fixed broadband and enterprise services. The $24 central target is calculated from five recent, verifiable analyst targets: Barclays at $22 (November 2026), Morgan Stanley at $22 (August 2026), Bank of America Securities at $22 (October 2026), Goldman Sachs at $23 (May 2026), and Scotiabank at $28.50 (May 2026). That arithmetic mean is about $23.50, rounded to $24 for readability. I also checked this using Tickeron’s AI Screener to see how the stock compares to others in the industry.

The range is unusually wide — from $22 to $28.50 — reflecting genuine disagreement. Independent aggregators cluster in a similar band, with MarketBeat's 13-analyst average near $24.82 and S&P Global's eight-analyst average near $23.06. The cautious $22 targets sit at firms emphasizing foreign-exchange pressure, higher Brazilian bond yields, and slower mobile service revenue growth, which Barclays and Morgan Stanley cited when cutting from $24. Scotiabank's higher target reflects a more optimistic view of cash generation and shareholder returns. Bank of America's October upgrade to Neutral from Underperform signaled a view that risk and reward have become more balanced after the stock's decline.

Current Market Position and Path Toward the Target

The stock has been trading near $18.45, down sharply from its 52-week high of roughly $28 and close to the lower end of its 52-week range. Reaching $24 would require a gain of about 30% — a substantial move. That path would likely depend on delivering the third-quarter results and guidance scheduled for early November, stabilizing the Brazilian real, and showing that mobile pricing can hold up against rivals. Because the ADR translates results into U.S. dollars, currency swings can magnify share-price moves independently of operating performance. From what I see, monitoring the real's movements is essential here.

What Could Support a Move Toward the Target

  • Income appeal: a dividend yield near 6.5% offers a meaningful cushion and a reason for income-oriented buyers to step in after the selloff.
  • Valuation: a trailing P/E near 10x sits below the stock's own multi-year median, giving room for re-rating if sentiment improves.
  • Growth guidance: management's plan calls for roughly 5% service-revenue growth and 6%–8% EBITDA growth in 2026.
  • Network investment: ongoing 5G upgrades across dozens of Brazilian cities and the October consolidation of fiber unit I-Systems aim to protect broadband competitiveness.
  • Stabilizing analyst tone: Bank of America's upgrade and HSBC's earlier Buy rating suggest not all institutions are negative.

What Could Prevent the Target From Being Reached

  • Competition and churn: aggressive pricing in Brazilian mobile and fixed broadband has pressured average revenue per user and lifted subscriber turnover.
  • Earnings slippage: second-quarter EPS came in slightly below estimates, and mobile service revenue growth decelerated to the mid-single digits.
  • Currency risk: a weaker Brazilian real directly reduces the ADR's dollar value.
  • Ownership uncertainty: the parent group's chief executive has described TIM Brasil as non-strategic in the near term, raising questions about capital structure and potential share overhang.
  • Weak momentum: several institutions trimmed targets in 2026, and insiders have been net sellers over the past year.

Technical Levels and Market Structure

The ADR's 52-week range of roughly $17 to $28 defines the key technical map. The $17 area marks major support near recent lows, while the $22–$24 zone — where most analyst targets and a prior breakdown sit — is the first meaningful resistance the stock would need to clear. A decisive move above that band would open the path toward the $28 area, the stock's prior peak. I’m watching this closely with help from Tickeron’s AI Trend Prediction Engine for additional context on momentum shifts.

Time Horizon and What Investors Should Monitor

Analyst price targets typically reflect a roughly 12-month research horizon, though firms update them as conditions change. Near-term items worth watching include third-quarter 2026 results and any guidance revisions, subsequent analyst target changes, movements in the Brazilian real, Brazilian interest-rate decisions, and competitive pricing signals in mobile and fixed broadband. Any clarification from the parent company about its stake in TIM Brasil would also be material.

Using AI Daily Buy/Sell Signals in Practice

In my own research process, I’ve occasionally turned to Tickeron’s AI Daily Buy/Sell Signals to get an automated read on how technical conditions and broader market signals are evolving for names like TIMB. It serves as one additional data point alongside the fundamentals and analyst views already discussed.

Final Assessment

The $24 central target is an analyst-derived average — not a guarantee — and it sits about 30% above the stock's recent level, a substantial gap. Supporters point to the high dividend yield, low valuation, and guided EBITDA growth, while skeptics emphasize competition, churn, currency pressure, and parent-company uncertainty. With targets spread from $22 to $28.50 and a predominantly Hold consensus, the market is clearly divided on whether TIMB can regain momentum. Earnings delivery, guidance, and currency stability will be the key tests on any path toward $24.

Tickeron AI Tools for Deeper Research

One tool I’ve found useful in my own analysis is Tickeron’s AI Daily Buy/Sell Signals. It uses artificial intelligence to continuously monitor thousands of stocks and ETFs and generate Buy, Sell, or Hold signals as market conditions, technical behavior, and AI-driven analysis shift. For traders following TIMB, this kind of automated screening can help identify changing trends, flag opportunities, and monitor existing positions more efficiently than manual chart review alone. Traders can use these signals as one input alongside fundamental research and their own risk management.

Disclaimer

The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer.

Disclaimers and Limitations

Related Ticker: TIMB

Contributor

Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.


TIMB in upward trend: price rose above 50-day moving average on November 09, 2026

TIMB moved above its 50-day moving average on November 09, 2026 date and that indicates a change from a downward trend to an upward trend. In 33 of 43 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are 77%.

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where TIMB's RSI Oscillator exited the oversold zone, 25 of 33 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 76%.

The Momentum Indicator moved above the 0 level on November 09, 2026. You may want to consider a long position or call options on TIMB as a result. In 64 of 91 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 70%.

The Moving Average Convergence Divergence (MACD) for TIMB just turned positive on November 09, 2026. Looking at past instances where TIMB's MACD turned positive, the stock continued to rise in 33 of 53 cases over the following month. The odds of a continued upward trend are 62%.

Following a +2.76% 3-day Advance, the price is estimated to grow further. Considering data from situations where TIMB advanced for three days, in 235 of 344 cases, the price rose further within the following month. The odds of a continued upward trend are 68%.

TIMB may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Bearish Trend Analysis

The Stochastic Oscillator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.

The 10-day moving average for TIMB crossed bearishly below the 50-day moving average on November 02, 2026. This indicates that the trend has shifted lower and could be considered a sell signal. In 9 of 14 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 64%.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where TIMB declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 56%.

The Aroon Indicator for TIMB entered a downward trend on November 04, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

The Tickeron Profit vs. Risk Rating rating for this company is 40 (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 82, placing this stock slightly better than average.

The Tickeron Valuation Rating of 42 (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.344) is normal, around the industry mean (2.292). P/E Ratio (2.003) is within average values for comparable stocks, (-7.252). Projected Growth (PEG Ratio) (1.331) is also within normal values, averaging (8.005). Dividend Yield (0.036) settles around the average of (0.133) among similar stocks. P/S Ratio (1.727) is also within normal values, averaging (5.777).

The Tickeron SMR rating for this company is 51 (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Price Growth Rating for this company is 69 (best 1 - 100 worst), indicating slightly worse than average price growth. TIMB’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron PE Growth Rating for this company is 97 (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

Notable companies

The most notable companies in this group are Verizon Communications (NYSE:VZ), AT&T (NYSE:T), Comcast Corp (NASDAQ:CMCSA), Lumen Technologies (NASDAQ:LUMN).

Industry description

Major telecommunications include companies that make communication possible across the globe – by providing voice and data transmission via multiple channels such as phone or the Internet, through airwaves or cables, through wires or wirelessly. The ease with which we connect with anyone, anywhere in the world is thanks in large part to the infrastructure created by the telecom industry. Some major telecom players include AT&T Inc., Verizon Communications Inc. and Nippon Telegraph and Telephone Corporation.

Market Cap

The average market capitalization across the Major Telecommunications Industry is 17.61B. The market cap for tickers in the group ranges from 714.84K to 225.96B. SFTBY holds the highest valuation in this group at 225.96B. The lowest valued company is CPROF at 714.84K.

High and low price notable news

The average weekly price growth across all stocks in the Major Telecommunications Industry was 3%. For the same Industry, the average monthly price growth was 0%, and the average quarterly price growth was -11%. GOGO experienced the highest price growth at 57%, while CCOI experienced the biggest fall at -26%.

Volume

The average weekly volume growth across all stocks in the Major Telecommunications Industry was -1%. For the same stocks of the Industry, the average monthly volume growth was -55% and the average quarterly volume growth was 7%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 46
P/E Growth Rating: 56
Price Growth Rating: 60
SMR Rating: 72
Profit Risk Rating: 82
Seasonality Score: 3 (-100 ... +100)
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General Information

Industry MajorTelecommunications

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Address
Avenida Joao Cabral de Melo Neto, 850
Phone
+55 2141093360
Employees
9127
Web
https://www.tim.com.br
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