$XP — BUY 📊

$XP — BUY 📊 XP Inc. engages in the provision of financial products and services in Brazil. 🎯 Q1 FY26 | EPS $2.56 vs $2.50 🟢 💡 Consensus sees XP as a cyclical, rate‑sensitive broker deserving ≤8x P/E. The variant view: platform stickiness, recurring fee income, and rapid net new asset growth are undervalued; forward EPS potential is at least $2.80+ in 12 months, justifying 9‑10x multiple. 📉 Reward/Risk: 2.0:1 🏢 Business Quality: 7/10 - Dominant digital wealth platform in Brazil with a strong brand and scalable cost base, though exposed to macro cycles and banking competition. 📊 Valuation: cheap — P/E 6.0 on trailing $2.56, forward P/E ~5.5 on $2.80; peer group trades 8‑12x; historical pre‑IPO multiple was 15‑20x; P/B ~1.5x with ROE... 📊 Our read: BUY. Full analysis → https://stockduty.xyz/s/XP0620

XP Inc. engages in the provision of financial products and services in Brazil.