Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>HSBC Research Raises XPENG-W (09868.HK) TP to $107, Expects Strong Sales Momentum to Continue
Recommend 3 Positive 14 Negative 5 |
||||
|
||||
|
XPENG-W (09868.HK) (XPEV.US) outperformed its EV peers in April with sales of about 35,000 units, up 6% MoM and 237% YoY, HSBC Global Research issued a research report saying. The broker forecasted the strong sales momentum to continue, driven by sales expansion of the G6, G9 and X9, as well as the launch of a new SUV model, the G7, and new models with extended ranges coming in the next few quarters. HSBC Global Research raised its target price for XPENG-W's H-shares/ US stock to $107/ US$27.4 from $101/ US$25.9, with rating kept at Buy. The broker left its 2025 earnings forecast broadly unchanged, and lifted its 2026 earnings forecast by 25% on higher margin outlook, benefiting from economies of scale under higher sales volume anticipations. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
