Citigroup cut XPeng Inc.(XPEV:NYE) to $67 from $92

STA Research
by: STA Research

Citigroup lowered the target on XPeng Inc. to $67 from $92, and maintained the Buy rating on the EV maker’s stock price.

Barclays Capital also cut the target on the company to $39 from $45, and kept the Overweight rating.

Based on the XPeng Inc stock forecasts from 8 analysts, the average analyst target price for XPeng Inc is USD 51.09 over the next 12 months. XPeng Inc’s average analyst rating is Strong Buy. Stock Target Advisor’s own stock analysis of XPeng Inc is Very Bearish, which is based on 0 positive signals and 2 negative signals. At the last closing, XPeng Inc’s stock price was USD 27.13. XPeng Inc’s stock price has changed by -0.19% over the past week, -9.24% over the past month and -13.63% over the last year.

What we like:

There are no fundamental attributes which we currently can include in a positive thesis.  This is a speculative play. 

What we don’t like:

Poor risk adjusted returns

This company is delivering below median risk adjusted returns in its peers. Even if it is outperforming on returns , the returns are unpredictable. Proceed with caution.

High volatility

The total returns for this company are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.

 

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