XP Inc. Shares Decline Following Brazilian Presidential Election Results
Shares of XP Inc. experienced a significant decline on October 26, 2026, following the surprise election victory of Luiz Inácio Lula da Silva in Brazil.
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UBS analyst Thiago Batista maintains XP (NASDAQ:XP) with a Buy and raises the price target from $25 to $37.
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Shares of XP Inc. experienced a significant decline on October 26, 2026, following the surprise election victory of Luiz Inácio Lula da Silva in Brazil.
The Nasdaq 100 gains 1.2% as chipmakers rebound and Tesla jumps on an upgrade, while Brazil's EWZ sinks 21.7% after Lula's win. Yields ease.
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U.S. stocks climbed Monday: Nasdaq +0.99%, S&P 500 +0.75%, led by tech; Surgery Partners and Xtend AI surged, while Brazil-linked stocks fell.