XP is trading 5.06% up at $16.50 now on October 27, 2026, as investors seek bargains after the previous session’s roughly 48% collapse tied to Lula’s surprise reelection. - The election outcome reversed the market-friendly Bolsonaro trade across Brazilian financial stocks. - Citi downgraded XP from Buy to Neutral and cut its price target from $25 to $15. The move adds pressure but does not explain today’s rise.