Goldman downgraded XP from Buy to Neutral and set a new price target of $23.00 from $30.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 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 |
| 12/5/2023 | $27.00 → $30.00 | Neutral → Overweight | JP Morgan |
| 7/20/2023 | $15.00 → $26.00 | Underperform → Neutral | Credit Suisse |
| 6/22/2023 | Neutral → Buy | BofA Securities | |
| 2/17/2023 | $27.00 → $15.00 | Neutral → Underperform | Credit Suisse |
| 8/11/2022 | $23.00 | Overweight → Neutral | JP Morgan |
Governance changes improve independent oversight and strategic counsel; Adding four new independent directors to create majority-independent board and enhance expertise in key areas; Forming two new committees to augment critical capabilities to support XP's growth: Risks, Credit and ESG Committee and Strategy and Performance Committee. XP Inc. (NASDAQ:XP) today announced a series of changes to its Board of Directors to increase the Board's ability to provide independent oversight and strategic counsel. These changes include (i) the creation of a majority-independent Board through the addition of new independent directors with experience in critical areas such as risk management,
Mansur is currently XP's Deputy CFO and an industry veteran who brings two decades of experience in treasury, trading, structuring, and sales roles Outgoing CFO Bruno Constantino will serve in an advisory role for a 12-month period after the transition and remain on the XP Board Head of Investor Relations André Parize appointed Chief Investor Relations Officer XP Inc. (NASDAQ:XP), a leading, technology-driven platform and a trusted provider of low-fee financial products and services in Brazil, announced today announced today that Victor Mansur has been appointed Chief Financial Officer effective August 1, 2024, succeeding Bruno Constantino. Mr. Constantino will work closely with M
XP Inc. (NASDAQ:XP) ("XP" or the "Company"), a leading tech-enabled platform and a trusted pioneer in providing low-fee financial products and services in Brazil, reported today its financial results for the second quarter of 2024. Summary Operating Metrics (unaudited) 2Q24 2Q23 YoY 1Q24 QoQ Total Client Assets (in R$ bn) 1,167 1,024 14% 1,141 2% Total Net Inflow (in R$ bn) 32 22 44% 15 119% Annualized Retail Take Rate 1.29% 1.30% -1 bps 1.24% 5 bps Active Clients (in '000s) 4,626 4,013 15% 4,587 1%
XP Inc. (NASDAQ:XP), a leading, technology-driven platform and a trusted provider of low-fee financial products and services in Brazil, announced today that the Company's Board of Directors approved the cancellation of existing treasury Class A shares held by the Company. The Company has cancelled in this date 12,650,574 Class A shares (2.3% of total shares). Total share count went from 549,630,977 to 536,980,403 after cancellation. About XP XP is a leading, technology-driven platform and a trusted provider of low-fee financial products and services in Brazil. XP's mission is to disintermediate the legacy models of traditional financial institutions by: Educating new classes of inv
XP Inc. ("XP" or "we") (NASDAQ:XP) , a leading, technology-driven platform and a trusted provider of low-fee financial products and services in Brazil, announced that on June 27, 2024 it priced an offering of US$500 million aggregate principal amount of 6.750% senior unsecured notes due 2029 (the "notes"). The notes will be guaranteed by XP Investimentos S.A. The transaction is expected to close on July 2, 2024, subject to the satisfaction of customary closing conditions. XP intends to use the net proceeds from the offering of the notes to purchase tendered 3.250% senior unsecured notes due 2026 and for general corporate purposes. The notes are being offered and sold to qualified institut
Providing a diverse range of perspectives from bullish to bearish, 5 analysts have published ratings on XP (NASDAQ:XP) in the last three months. The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 0 3 0 0 Last 30D 0 0 1 0 0 1M Ago 1 0 0 0 0 2M Ago 1 0 0 0 0 3M Ago 0 0 2 0 0 In the assessment of 12-month price targets, analysts unveil insights for XP, presenting an average target of $24.0, a high estimate of $27.00, and a low estimate of $21.00. This current average has decreased b
UBS analyst Thiago Batista downgrades XP (NASDAQ:XP) from Buy to Neutral and lowers the price target from $30 to $21.
XP Inc. ("XP" or "we") (NASDAQ:XP) , a leading, technology-driven platform and a trusted provider of low-fee financial products and services in Brazil, announced that on June 27, 2024 it priced an offering of US$500 million aggregate principal amount of 6.750% senior unsecured notes due 2029 (the "notes"). The notes will be guaranteed by XP Investimentos S.A. The transaction is expected to close on July 2, 2024, subject to the satisfaction of customary closing conditions. XP intends to use the net proceeds from the offering of the notes to purchase tendered 3.250% senior unsecured notes due 2026 and for general corporate purposes. The notes are being offered and sold to qualified institutio
UBS downgraded XP from Buy to Neutral and set a new price target of $21.00 from $30.00 previously
Goldman downgraded XP from Buy to Neutral and set a new price target of $23.00 from $30.00 previously
Morgan Stanley downgraded XP from Overweight to Equal-Weight and set a new price target of $24.00 from $31.00 previously
6-K - XP Inc. (0001787425) (Filer)
6-K - XP Inc. (0001787425) (Filer)
6-K - XP Inc. (0001787425) (Filer)
4 - XP Inc. (0001787425) (Reporting)
4 - XP Inc. (0001787425) (Reporting)
3 - XP Inc. (0001787425) (Reporting)
XP Inc. (NASDAQ:XP) ("XP" or the "Company"), a leading tech-enabled platform and a trusted pioneer in providing low-fee financial products and services in Brazil, reported today its financial results for the second quarter of 2024. Summary Operating Metrics (unaudited) 2Q24 2Q23 YoY 1Q24 QoQ Total Client Assets (in R$ bn) 1,167 1,024 14% 1,141 2% Total Net Inflow (in R$ bn) 32 22 44% 15 119% Annualized Retail Take Rate 1.29% 1.30% -1 bps 1.24% 5 bps Active Clients (in '000s) 4,626 4,013 15% 4,587 1%
XP Inc. (NASDAQ:XP) ("XP" or the "Company"), a leading tech-enabled platform and a trusted pioneer in providing low-fee financial products and services in Brazil, reported today its financial results for the first quarter of 2024. Summary Operating Metrics (unaudited) 1Q24 1Q23 YoY 4Q23 QoQ Total Client Assets (in R$ bn) 1,141 954 20% 1,122 2% Total Net Inflow (in R$ bn) 15 16 -10% 19 -22% Annualized Retail Take Rate 1.24% 1.21% 3 bps 1.27% -3 bps Active Clients (in '000s) 4,587 3,966 16% 4,531 1%
XP Inc. (NASDAQ:XP) ("XP" or the "Company"), a leading tech-enabled platform and a trusted pioneer in providing low-fee financial products and services in Brazil, reported today its financial results for the fourth quarter of 2023. To our shareholders As we reflect on the journey of 2023, it's evident that the year was both challenging and transformative for XP Inc. In an environment marked by ongoing macroeconomic uncertainties and the evolving needs of our clients, we kept our commitment to innovation, quality, and growth. This year was a demonstration of our resilience, agility, and the enduring strength of our business model. Business Model Resilience Despite the still challengi
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