Optimistic Outlook for XP: Strong Q3 Performance and Positive Market Indicators Support Buy Rating
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Morgan Stanley's Jorge Kuri reiterated a Buy rating for XP with a $26.00 price target, citing strong Q3 financial performance and positive market indicators. XP's net income grew 12% year-over-year, surpassing estimates, with retail net inflows exceeding expectations by 30%. Despite some shortfalls, management's reaffirmation of guidance and potential to meet 2026 targets support an optimistic outlook for XP.
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