XPeng, Inc. ADR ( (XPEV) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
XPeng, Inc. ADR’s stock has recently surged by 15% following the company’s ambitious announcement to mass-produce flying cars and industrial robots by 2026. This positive momentum is bolstered by a remarkable 570% year-over-year increase in vehicle deliveries for February, attributed to strong demand for its affordable models with advanced autonomous features. Citi has upgraded XPeng to a Buy, citing higher expected vehicle volumes and revenue for 2025 and 2026, showcasing confidence in the company’s growth potential. However, not all analysts are convinced, as concerns about profitability persist, leading to a Hold consensus rating and a price target suggesting a potential downside.
More about XPeng, Inc. ADR
YTD Price Performance: 119.48%
Average Trading Volume: 11,485,453
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $23.19B
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