UBS Raises PT on XP Inc. (XP) to $24; Maintains ‘Buy’ Rating

XP Inc. (NASDAQ:XP) is included in our list of the 10 Most Undervalued Foreign Stocks to Buy According to Analysts.

UBS Raises PT on XP Inc. (XP) to $24; Maintains ‘Buy’ Rating

An exterior view of a modern banking building, showcasing its financial stability and reach.

On June 20, 2025, UBS increased its price target on XP Inc. (NASDAQ:XP) from $17 to $24, maintaining a ‘Buy’ rating. Previously, on June 4, 2025, Goldman Sachs upgraded the stock from ‘Neutral’ to ‘Buy’, with a $23 price target. The analyst attributed the upgrade to the company’s strong operating leverage, a resilient revenue mix, and possible interest rate cuts.

This analyst’s optimism surrounding XP Inc. (NASDAQ:XP)’s outlook follows the R$1 billion share repurchase program in May. The same day, the company canceled over 12 million treasury shares, which decreased its total share count by 2.2%. The cancellation is expected to enhance the company’s shareholder value.

Looking ahead, Goldman Sachs projects a double-digit revenue growth for XP Inc. (NASDAQ:XP) due to consistent fixed income revenue and reduced reliance on equity markets.

XP Inc. (NASDAQ:XP) serves retail, high-net-worth, and institutional clients with its broad range of investment, brokerage, and banking products. It remains on our list of the most undervalued stocks.

While we acknowledge the potential of XP to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than XP and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.