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. 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.’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. due to consistent fixed income revenue and reduced reliance on equity markets.

XP Inc. 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.

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