XP Inc. Q3: Modest And Without Triggers For Abrupt Improvement [Seeking Alpha]
XP Inc. - Class A (XP)
Company Research
Source: Seeking Alpha
Play 6min Summary Recommend selling XP Inc. shares due to modest growth and lack of short-term improvement triggers amid rising interest rates in Brazil. 3Q24 results showed revenue below forecast and weak institutional segment performance, despite a slight increase in net revenues. XP Inc's gross margin and operating expenses worsened, though lower income tax rates benefited net income and dividend announcements. Valuation appears attractive, but no clear triggers for multiple expansions. Target price of $14.8 per share supports sell recommendation. Alistair Berg Investment Thesis I recommend selling XP Inc. ( NASDAQ: XP ) shares after the release of 3Q24 results. This article is a continuation of my initiation thesis coverage published on June 21 with the same recommendation. In 3Q24, XP once again This article was written by Multiplo Invest Follower s Follow More than 5 years of experience in equity analysis in LatAm. We provide our clients with in-de
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XP
News
- Lula's Weakened Spending Cut Plan Wins Final Congress Approval [Yahoo! Finance]Yahoo! Finance
- A 1130% Share Price Rally Draws Questions From Brazil's Stock Exchange Operator [Yahoo! Finance]Yahoo! Finance
- XP Inc. (XP): Among the Oversold Global Stocks to Buy Right Now [Yahoo! Finance]Yahoo! Finance
- Lula Ignores Aides and Sparks Market Rout That Threatens Economy [Yahoo! Finance]Yahoo! Finance
- XP Inc. Reports Third Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
XP
Earnings
- 11/19/24 - Beat
XP
Sec Filings
- 11/19/24 - Form 6-K
- 11/19/24 - Form 6-K
- 11/19/24 - Form 6-K
- XP's page on the SEC website