XP stock: BofA raises target for XP stock from USD 21.00 to USD 33.00

Published on 10/24/2026 at 00:40 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

XP reported BRL 20.2 billion in gross revenue for the 12 months through Q2 2026. November 16, 2026 is the next earnings date for XP stock.

Target changes shape valuation

BofA lifted its XP target from USD 21.00 to USD 33.00 on October 20, 2026.
XP reported BRL 20.2 billion in gross revenue for the 12 months through the second quarter of 2026.
The next earnings date is November 16, 2026.

XP, KYG982391099, Illustration mit AI erstellt.

XP Inc. (ISIN KYG982391099) received a sharply higher valuation marker from BofA on October 20, 2026. According to Markets Insider, BofA raised its target for XP from USD 21.00 to USD 33.00 while keeping a Neutral rating.

Why did the target rise?

The move reflects a more demanding earnings test rather than an outright bullish call. The source said XP had re-rated after doubling from its August lows, while further upside depended on sustained earnings momentum.

XP's investor-relations page identifies the company as Nasdaq-listed and reports BRL 20.2 billion in gross revenue for the 12 months through the second quarter of 2026, alongside BRL 6.0 billion in earnings before taxes. Those figures give the target increase an operating reference point. XP Inc. also lists BRL 1.534 trillion in client assets and more than 18,000 advisors for the same period.

Three target changes in October

JPMorgan raised its target from USD 26.00 to USD 38.00 on October 6, 2026, UBS lifted its target from USD 25.00 to USD 37.00 on October 8, 2026, and BofA moved from USD 21.00 to USD 33.00 on October 20, 2026, according to Yahoo Finance and Markets Insider.

What date comes next?

Yahoo Finance lists November 16, 2026 as XP's next earnings date. That report will give investors the next quantified test of the earnings momentum cited in BofA's assessment.

Targets leave a wide debate

The October targets span USD 33.00 to USD 38.00, a USD 5.00 spread that shows how differently analysts frame XP's earnings trajectory. The common thread is that the company enters the next reporting date with stronger operating figures and a higher valuation bar.

The further course of trading is shown by the continuously updated real-time quote of XP stock.