Itau BBA Raises PT on XP Inc. (XP)

XP Inc. (NASDAQ:XP) is one of the Best Mid Cap Value Stocks to Buy in 2026. On March 16, Itau BBA raised its price target on XP Inc. (NASDAQ:XP) from $21 to $22, while maintaining a Market Perform rating on the shares.

​The firm cited a stronger than expected start to the year as retail equity volume surged by 40% quarter-over-quarter, driven by higher turnover and market values. The firm noted that this acts as a strong indicator for the company’s equity revenue growth. Moreover, the firm also noted that XP clients are expected to receive a major FGC reimbursement; the reimbursement is expected to be reinvested in fixed-income products, which will generate upfront commissions for the company, thereby lifting near-term revenues.

As a result of these two factors, Itau BBA revised its 2026 and 2027 revenue estimates by 7.6% and 4.0%, respectively, with profit forecasts up moderately by 4.4% and 1.7% due to elevated SG&A expenses.

​XP Inc. (NASDAQ:XP) is a technology-enabled platform offering a range of investment, credit, and pension products at low fees. They deliver wealth management, investment funds, and private pension services, covering diverse asset classes including equities, fixed income, and alternatives across both public and private markets.

While we acknowledge the risk and potential of XP as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than XP and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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