Downgrades Outperform Mkt Perform X

XP XP

Itau BBA

$21

Upgrades Neutral Buy X

XP XP

Goldman

$23

Upgrades Eq-Weight Overweight X

XP XP

Morgan Stanley

$24

Initiated Outperform X

XP XP

Itau BBA

$20

Upgrades Neutral Buy X

XP XP

UBS

$19 $16

Downgrades Buy Neutral X

XP XP

BofA Securities

$25 $16

Downgrades Buy Neutral X

XP XP

UBS

$30 $21

Downgrades Buy Neutral X

XP XP

Goldman

$30 $23

Downgrades Overweight Eq-Weight X

XP XP

Morgan Stanley

$31 $24

Upgrades Neutral Overweight X

XP XP

JP Morgan

$27 $30

Upgrades Underperform Neutral X

XP XP

Credit Suisse

$15 $26

Upgrades Neutral Buy X

XP XP

BofA Securities

Downgrades Neutral Underperform X

XP XP

Credit Suisse

$27 $15

Downgrades Overweight Neutral X

XP XP

JP Morgan

$23

Upgrades Neutral Buy X

XP XP

UBS

$37 $31

Upgrades Neutral Buy X

XP XP

Citigroup

$31 $26

Upgrades Neutral Overweight X

XP XP

JP Morgan

$50

Upgrades Underperform Neutral X

XP XP

Credit Suisse

$40 $43

Initiated Buy X

XP XP

HSBC Securities

$46

Upgrades Neutral Buy X

XP XP

Goldman

$50

XP  XP Inc

XP Inc. operates technology-driven financial services platform that provides financial products and services in Brazil. It provides broker-dealer services for high-net worth customers and institutional clients; product structuring and capital markets services for corporate clients and issuers of fixed income products; advisory services for mass-affluent and institutional clients; and wealth management services for high-net-worth clients. The company also offers XP Educação, an online financial education portal that offers seminars, classes, and learning tools to help teach individuals a range of topics, such as basics of investing, techniques, and investment strategies, as well as insurance brokerage services. In addition, it operates XP Platform, an open product platform that provides clients to access investment products in the market, including equity and fixed income securities, mutual and hedge funds, structured products, life insurance, pension plans, real-estate investment funds, and others. The company was founded in 2001 and is based in São Paulo, Brazil.