JPMorgan raises target for XP stock from USD 26.00 to USD 38.00

JPMorgan raised its XP target from USD 26.00 to USD 38.00 in a report issued on October 6, 2026, while maintaining an Overweight rating, according to MarketBeat. XP stock had a Lang & Schwarz prior close of EUR 26.36 on October 5, 2026.

JPMorgan lifts the valuation bar

The USD 12.00 target increase gives the latest analyst action a clear numerical edge over the previous view. MarketBeat also reported that five analysts rated XP Buy and two rated it Hold, with a consensus label of Moderate Buy and an average target of USD 26.40 on October 6, 2026.

The target change arrives after a sharp repricing in the US-listed shares. Primary-market data showed a USD 14.80 to USD 29.77 52-week range and a USD 15.6 billion market capitalization as of October 7, 2026, putting the JPMorgan target above the recent high in dollar terms.

Revenue provides the operating backdrop

XP's investor-relations page reported BRL 20.2 billion of gross revenue for the 12 months through the second quarter of 2026 and BRL 1.534 trillion in client assets for that period, according to XP Inc. The same page identified 2T26 as the latest investor reporting package and listed Nasdaq: XP as the company listing.

Those figures matter because the analyst case now combines a higher valuation view with a sizable platform base. The comparison is concrete: BRL 20.2 billion in 12-month gross revenue sits alongside BRL 1.534 trillion in client assets, while the new JPMorgan target is USD 12.00 above its prior target.

XP stock stays tied to the target reset

For investors in Germany, the reference level remains the euro quotation rather than the Nasdaq dollar price. Lang & Schwarz showed a prior close of EUR 26.36 for October 5, 2026, while the primary-market context placed XP within a USD 14.80 to USD 29.77 yearly range on October 7, 2026.

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

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