Core Viewpoint - XP Inc. (XP) shows potential for significant upside, with a mean price target of $23.48 indicating a 32.2% increase from its current price of $17.76 [1] Price Targets and Estimates - The mean estimate consists of nine short-term price targets with a standard deviation of $3.41, suggesting variability in analyst predictions [2] - The lowest estimate is $18.30, indicating a 3% increase, while the highest estimate is $30.00, suggesting a potential surge of 68.9% [2] - Analysts' price targets should be approached with caution, as they may not reliably indicate future stock prices [3][7] Earnings Estimates and Analyst Agreement - Analysts are optimistic about XP's earnings, with a consensus indicating better-than-previously estimated earnings [4][11] - Over the past 30 days, one earnings estimate has increased, leading to a 0.4% rise in the Zacks Consensus Estimate [12] - XP holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates [13] Implications of Price Targets - A low standard deviation among price targets indicates strong agreement among analysts regarding the stock's price direction [9] - While price targets should not be the sole basis for investment decisions, they can provide a useful starting point for further research [10][14]
Does XP Inc.A (XP) Have the Potential to Rally 32.21% as Wall Street Analysts Expect?