UBS raises XP target to USD 37: XP stock gets a new valuation marker

Published on 10/15/2026 at 13:58 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

UBS lifted target from USD 25.00 to USD 37.00 on October 8, 2026. XP stock costs EUR 26.59 on October 15, 2026, with USD 15.8 billion value.

Analyst targets reshape valuation

UBS lifted its target from USD 25.00 to USD 37.00 on October 8, 2026.
Second-quarter revenue reached USD 943.55 million, up 8.30 percent year over year.
XP stock traded at EUR 26.59 at 1:44 p.m. CEST at Lang & Schwarz on October 15, 2026.

XP, KYG982391099, Illustration mit AI erstellt.

XP Inc. (ISIN KYG982391099) was trading at EUR 26.59 at Lang & Schwarz on October 15, 2026, at 1:44 p.m. CEST. On October 8, 2026, MarketBeat reported that UBS raised its XP target from USD 25.00 to USD 37.00.

Targets move above recent earnings

The UBS change followed a second-quarter earnings update that gave analysts a stronger operating reference. XP reported USD 0.53 adjusted earnings per share for the quarter, above the USD 0.50 consensus, while revenue reached USD 943.55 million, up 8.30 percent from the same period a year earlier, according to MarketBeat on October 12, 2026.

That combination matters because the target increase is larger than the earnings beat alone. The same report said XP had a net margin of 27.20 percent for the quarter, giving the valuation discussion a profitability anchor.

What does the target mean for valuation?

Chronology shows how the setup developed. On August 17, 2026, XP reported USD 0.53 adjusted earnings per share against USD 0.50 expected. On September 29, 2026, Citigroup raised its target from USD 23.00 to USD 25.00. On October 8, 2026, UBS raised its target from USD 25.00 to USD 37.00, as reported by MarketBeat.

The counter-factor is valuation discipline. XP's Nasdaq quote reached USD 32.58 as a new 52-week high in the October 12, 2026 report, while its average analyst target was USD 28.80. The wider target range therefore reflects a sharper split between earnings progress and the price investors are willing to pay.

Stock valuation after the target reset

XP's market capitalization was USD 15.8 billion as of October 14, 2026. The same quote showed a 52-week range of USD 14.80 to USD 32.73, placing the US-listed stock near the upper end of its annual range, while the German euro indication remained below the latest UBS target when the currencies are kept separate.

XP provides investment, banking and related financial products in Brazil through digital platforms and financial professionals. Its investor-relations page identifies the listing as Nasdaq: XP and reports second-quarter 2026 client assets of BRL 1.534 trillion and gross revenue of BRL 20.2 billion for the trailing twelve months.

Euro quote in the afternoon

The Lang & Schwarz indication was EUR 26.59 on October 15, 2026 at 1:44 p.m. CEST. The Xetra closing comparison is omitted because a dated Xetra close for the last completed session was not substantiated.

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