ANALYST COVERAGE
| New Street Research | Soomit Data | 16-Sep-21 | Buy | $ 75.0 |
| Susquehanna | James Friedman | 12-Nov-21 | Buy | $ 70.0 |
| HSBC | Neha Agarwala | 19-Nov-21 | Buy | $ 65.0 |
| Evercore ISI | Davi Togut | 18-Nov-21 | Buy | $ 63.0 |
| Bank of America | Mario Pierry | 19-Nov-21 | Buy | $ 63.0 |
| Morgan Stanley | Jorge Kuri | 15-Nov-21 | Buy | $ 62.0 |
| Goldman Sachs | Tito Labarta | 12-Nov-21 | Buy | $ 60.0 |
| Deutsche Bank | Bryan Keane | 12-Nov-21 | Buy | $ 58.0 |
| BTG Pactual | Eduardo Rosman | 06-Oct-21 | Buy | $ 52.0 |
| Santander | Henrique Navarro | 01-Dec-21 | Buy | $ 45.0 |
| KeyBanc | Josh Beck | 12-Nov-21 | Buy | $ 45.0 |
| Credit Suisse | Daniel Federle | 22-Dec-21 | Buy | $ 40.0 |
| Scotiabank | Jason Molin | 01-Dec-21 | Buy | $ 39.0 |
| Citibank | Gabriel Gusan | 15-Dec-21 | Buy | $ 36.0 |
| J.P Morgan | Domingos Falavina | 09-Dec-21 | Buy | $ 34.0 |
| Nau Securities | Alex Wright | 08-Apr-21 | Hold | $ 50.0 |
| Bradesco BBI | Otávio Tanganelli | 22-Nov-21 | Hold | $ 33.0 |
| UBS | Kaio Prato | 04-Jan-22 | Hold | $ 30.0 |
| Itaú BBA | Marco Calvi | 16-Dec-21 | Hold | $ 29.0 |
| Consensus-Avg | $ 49.95 |