Goldman Sachs Downgrades XP to Neutral, Lowers Price Target to $23
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Tito Labarta downgrades XP Inc. (NASDAQ:XP) from Buy to Neutral and lowers the price target from $30 to $23.

April 30, 2024 | 9:10 am
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Goldman Sachs downgraded XP Inc. from Buy to Neutral and reduced the price target from $30 to $23.
The downgrade by Goldman Sachs, a major financial institution, from Buy to Neutral, along with a significant reduction in the price target, is likely to negatively impact investor sentiment towards XP Inc. in the short term. This could lead to a decrease in stock price as market participants adjust their expectations based on the new analyst rating and price target.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100