XP Inc. Q1: Strong Results Support Rating Upgrade

I am upgrading my rating from hold to buy on XP Inc. (NASDAQ: XP ) shares after the release of its Q1 2025 results. This article is a continuation of my initial coverage article published onMore than 5 years of experience in equity analysis in LatAm. We provide our clients with in-depth research and insights to help them make informed investment decisions.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such posit ...