Jefferies Initiates Coverage on XP with "Buy" Rating and $22 Target

Jefferies initiates coverage on XP with a "Buy" rating and a $22.00 USD price target. XP Inc is a Cayman Island-based technology-driven financial services platform, providing low-fee financial products and services in Brazil. Analysts forecast an average target price of $23.46 USD, implying an upside of 34.82% from the current price. GuruFocus estimates the GF Value for XP Inc in one year to be $56.24 USD, suggesting a 223.22% upside from the current price.