XP Inc. Receives Boost from Itau BBA as Retail Equity Volume Surges

Itau BBA raised its price target on XP Inc. (NASDAQ:XP) from $21 to $22 and maintained a Market Perform rating. The firm cited a stronger-than-expected start to the year in retail equity volume, driven by higher turnover and market values, and a major FGC reimbursement that will generate upfront commissions for the company. Itau BBA revised its 2026 and 2027 revenue estimates by 7.6% and 4.0%, respectively.