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XP Likely To Post Higher Q2 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

Published 14/08/2023, 13:46
© Reuters. XP Likely To Post Higher Q2 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts
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Benzinga - by Lisa Levin, Benzinga Editor. XP Inc. (NASDAQ: XP) is expected to report its second-quarter financial results, after the closing bell on Aug. 14, 2023.

Analysts expect the company to post quarterly earnings at 38 cents per share, versus year-ago earnings of 35 cents per share. The company’s revenue might come in at $720.6 million, compared to $641.29 million in the year-ago period.

XP shares fell 1.4% to close at $25.32 on Friday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

B of A Securities analyst Mario Pierry upgraded the stock from Neutral to Buy on June 22, 2023. This analyst has an accuracy rate of 66%.

Banco Bradesco BBI SA analyst Otavio Tanganelli downgraded the stock from Outperform to Neutral and cut the price target from $25 to $17 on May 18, 2023. This analyst has an accuracy rate of 72%.

Citigroup analyst Gabriel Gusan maintained a Buy rating and cut the price target from $24 to $19 on Feb. 27, 2023. This analyst has an accuracy rate of 68%.

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© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

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