Analyst Coverage Changes
STA Research and Jefferies & Company, have recently updated their coverage on Xpeng’s stock, a Chinese electric vehicle (EV) manufacturer.
Jefferies & Company (Rank#17) just released a research report on Xpeng, and has maintained their rating from “Hold”, with an increased price target from USD 4.2 to USD 9.3. This suggests that Jefferies & Company has become more optimistic about Xpeng’s potential growth prospects, but still believe that the stock is not a “Buy” at this time.
STA Research Rank#97) today maintained their previous recommendation of a “Speculative Buy” rating for Xpeng’s stock, with a 12 month price target of USD 12. This indicates that the firm believes the stock has the potential for significant growth, but also involves a higher level of risk compared to more established companies.
XPEV Stock Forecast & Analysis
The average target price for Xpeng Inc over the next 12 months is USD 10.02, indicating that analysts expect the stock to remain relatively stable over the coming year. The average analyst rating for Xpeng Inc is “Hold,” indicating a neutral sentiment among analysts.
Stock Target Advisor’s own analysis of Xpeng Inc is bearish, based on 2 positive signals and 6 negative signals. This suggests that the website’s algorithm has identified more downside risks than upside potential for Xpeng Inc’s stock price.
As of the last closing, Xpeng Inc’s stock price was USD 9.29, which is slightly below the average analyst target price. Over the past week, the stock has experienced a significant decline of -18.72%, which may have been influenced by various factors such as market volatility, news announcements, or investor sentiment. Over the past month, the stock has declined by -3.43%, and over the last year, the stock has decreased by -61.08%.
XPeng Inc. is a Chinese company that designs, develops, manufactures, and sells smart electric vehicles, including SUVs, sports sedans, and family sedans. The company also provides various services such as sales contracts, maintenance, supercharging, technical support, auto financing, insurance technology support, ride-hailing, automotive loan referral, vehicle leasing, and insurance agency services. XPeng Inc. is headquartered in Guangzhou, China, and was founded in 2015.