In a significant move in the stock market, Goldman Sachs has upgraded XP (XP, Financial) from a 'Neutral' rating to a 'Buy'. This change signals a positive shift in the financial outlook for XP.
The equity research firm, represented by analyst Tito Labarta, has also raised the price target for XP, setting it at $23.00 USD. This is a notable increase from the previous target of $17.00 USD, reflecting a substantial percentage change of 35.29%.
The upgrade and increased price target for XP (XP, Financial) highlight Goldman Sachs' confidence in the company's future performance, suggesting potential growth and increased investor interest in the stock.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 10 analysts, the average target price for XP Inc (XP, Financial) is $21.40 with a high estimate of $25.00 and a low estimate of $17.00. The average target implies an upside of 7.97% from the current price of $19.82. More detailed estimate data can be found on the XP Inc (XP) Forecast page.
Based on the consensus recommendation from 10 brokerage firms, XP Inc's (XP, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for XP Inc (XP, Financial) in one year is $57.05, suggesting a upside of 187.84% from the current price of $19.82. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the XP Inc (XP) Summary page.
