How Do XP Inc (NASDAQ:XP)’s Fundamentals Affect Performance

In yesterday’s Wall Street session, XP Inc (NASDAQ:XP) shares traded at $22.39, up 0.77% from the previous session.

10 analysts cover XP Inc (NASDAQ:XP), according to research data. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $175.24 and a low of $101.25, we find $146.03. Given the previous closing price of $22.22, this indicates a potential upside of 557.2 percent. XP stock price is now -0.75% away from the 50-day moving average and 15.29% away from the 200-day moving average. The market capitalization of the company currently stands at $12.27B.

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The stock has received a hold rating from 2 analysts and a buy rating from 8. Brokers who have rated the stock have averaged $144.66 as their price target over the next twelve months.

With the price target enhanced from $15 to $26, Credit Suisse Upgraded its rating from Underperform to Neutral for XP Inc (NASDAQ: XP).

A total of 38.27% of the company’s stock is owned by insiders.

On Tuesday morning XP Inc (NASDAQ: XP) stock kicked off with the opening price of $23.50. During the past 12 months, XP Inc has had a low of $10.30 and a high of $27.71. According to the stock market information, the enterprise value for the company is $11.12B, which is based on a 18.26 price-to-earnings ratio, a 1.13 price-to-earnings-growth ratio, and a beta of 1.68. The fifty day moving average price for XP is $22.56 and a two-hundred day moving average price translates $19.42 for the stock.

The latest earnings results from XP Inc (NASDAQ: XP) was released for Jun, 2023. According to the Capital Markets Company, earnings per share came in at $0.43, beating analysts’ expectations of $0.42 by 0.01. This compares to $0.34 EPS in the same period last year. The net profit margin was 25.77% and return on equity was 20.05% for XP. The company reported revenue of $846.22 million for the quarter, compared to $690.76 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 22.51 percent. For the current quarter, analysts expect XP to generate $806.57M in revenue.

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