Research Disclosures & Disclaimers

This website contains disclosures and disclaimers related to
published UBS Global Research products, including those related to
regulation, potential conflicts of interest as well as those provided
by third-party data providers describing limitations on use of their
products.

GetNinjas (NINJ3.SA)

UBS Rating and Price Target History Chart

Line chart explaining Price target vs Stock Price is described in below table

EQ Rating & Price Target Table

Date	Stock Price (R$)	Price Target (R$)	Rating
2021-08-19	13.73	-	No Rating
2021-10-18	9.10	17.00	Buy
2021-12-27	5.51	9.00	Buy
2022-05-18	3.87	6.50	Buy
2023-02-23	2.62	3.10	Neutral
2023-10-04	4.60	5.00	Neutral

Disclosures

The equity analyst covering this company, a member of his or her team, or one of their household members is an officer, director, or advisory board member of this company.
Because this security exhibits higher-than-average volatility, the FSR has been set at 15% above the MRA for a Buy rating, and at -15% below the MRA for a Sell rating (compared with 6/-6% under the normal rating system).

Note : Historical Price Targets have been adjusted to account for any stock splits, rights issues and/or dividends which may have occurred for this security. Not Priced: Stock was not priced on the given date. No Rating: Issuer was not rated by UBS on the given day. No Price Target: For this issuer no Price Target was set by UBS on the given day.