BofA raised the firm’s price target on XPeng (XPEV) to $27 from $18.60 and keeps a Buy rating on the shares after the company reported Q4 results and management said they expect to deliver 91,000-93,000 vehicles in Q1. Factoring in the latest model pipelines, the firm lifted its estimates of XPeng’s 2025 and 2026 volume sales by 12% and 8%, respectively.
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Read More on XPEV:
- Cautious Outlook on XPeng, Inc. ADR: Balancing Impressive Growth with Sustainability Concerns
- XPeng price target raised to $18 from $14 at Bernstein
- XPeng’s Strong Sales and Promising Model Pipeline Justify Buy Rating and Increased Price Target
- Optimistic Buy Rating for XPeng, Inc. Driven by Financial Improvements and Strategic Initiatives
- Daiwa downgrades XPeng to Hold on ‘stretched’ valuation
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