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Added to YB: 2026-05-19

Pitch date: 2026-05-15

XP [neutral]

XP Inc.

-4.74%

current return

Author Info

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Company Info

XP Inc. engages in the provision of financial products and services in Brazil. It operates XP Platform, an open product platform that provides clients to access investment products in the market comprising brokerage securities, fixed income securities, mutual, hedge, and private equity funds; derivatives and synthetic instruments; credit cards; loan operations/collateralized credit products; pension and social security funds, and life and travel insurance products; and other investment products comprising real estate funds, and equity and debt capital markets solutions, as well as wealth management services.

Market Cap

$45.7B

Pitch Price

$17.50

Price Target

25.00 (+50%)

Dividend

1.03%

EV/EBITDA

N/A

P/E

9.12

EV/Sales

N/A

Sector

Capital Markets

Category

value

Show full summary:
Setups for a Light Monday: XP Inc.

XP (earnings): Brazil easing cycle (Selic to 14.5%, target <13%) should shift flows to higher-margin products. Mgmt targets 30-34% EBT margin by 2026 via banking/insurance scale. Trades 11x P/E, 22% ROE, $80-100B BRL net new money guide vs global peers at premium. Risks: Oct 2026 election volatility, Banco Master NPS hit, Nubank/BTG competition compressing take-rates. Cantor PT $23 implies mid-teens upside.

Read full article (2 min)