Itau BBA initiated coverage on XP with a new price target
$XP
Investment Bankers/Brokers/Service
Finance
Itau BBA initiated coverage of XP with a rating of Outperform and set a new price target of $20.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 6/4/2025 | $23.00 | Neutral → Buy | Goldman |
| 5/13/2025 | $24.00 | Equal-Weight → Overweight | Morgan Stanley |
| 3/18/2025 | $20.00 | Outperform | Itau BBA |
| 1/24/2025 | $19.00 → $16.00 | Neutral → Buy | UBS |
| 12/10/2024 | $25.00 → $16.00 | Buy → Neutral | BofA Securities |
| 7/11/2024 | $30.00 → $21.00 | Buy → Neutral | UBS |
| 4/30/2024 | $30.00 → $23.00 | Buy → Neutral | Goldman |
| 4/23/2024 | $31.00 → $24.00 | Overweight → Equal-Weight | Morgan Stanley |
Governance changes improve independent oversight and strategic counsel; Adding four new independent directors to create majority-independent board and enhance expertise in key areas; Forming two new committees to augment critical capabilities to support XP's growth: Risks, Credit and ESG Committee and Strategy and Performance Committee. XP Inc. (NASDAQ:XP) today announced a series of changes to its Board of Directors to increase the Board's ability to provide independent oversight and strategic counsel. These changes include (i) the creation of a majority-independent Board through the addition of new independent directors with experience in critical areas such as risk management,
Mansur is currently XP's Deputy CFO and an industry veteran who brings two decades of experience in treasury, trading, structuring, and sales roles Outgoing CFO Bruno Constantino will serve in an advisory role for a 12-month period after the transition and remain on the XP Board Head of Investor Relations André Parize appointed Chief Investor Relations Officer XP Inc. (NASDAQ:XP), a leading, technology-driven platform and a trusted provider of low-fee financial products and services in Brazil, announced today announced today that Victor Mansur has been appointed Chief Financial Officer effective August 1, 2024, succeeding Bruno Constantino. Mr. Constantino will work closely with M