tiprankstipranks
Trending News
More News >

XPeng’s Technological Edge and Strategic Pricing Boost Buy Rating

XPeng’s Technological Edge and Strategic Pricing Boost Buy Rating

Citi analyst Jeff Chung maintained a Buy rating on XPeng, Inc. ADR (XPEVResearch Report) yesterday and set a price target of $29.00.

Confident Investing Starts Here:

Jeff Chung’s rating is based on several compelling factors. XPeng’s recent launch of the MONA M03 Max, which features advanced driver-assistance systems (ADAS) and competitive pricing, is expected to boost sales significantly. The M03 Max is distinguished by its high-end ADAS capabilities, including Highway and Urban Navigation on Autopilot (NOA), which are not available in other models within the same price range.
Additionally, the small price difference between the M03 Max and the M03 Plus makes the Max version more attractive to consumers. The recent price competition from other manufacturers like BYD and Changan has made the M03 Plus less competitive, but the unchanged price of the M03 Plus could still challenge sales figures if price cuts are not implemented. Furthermore, XPeng’s technological advancements, such as the integration of the Hawkeye ADAS system and Nvidia Orin X chips, provide significant computing power that surpasses competitors, enhancing the vehicle’s appeal and supporting the Buy rating.

In another report released on May 23, Bank of America Securities also maintained a Buy rating on the stock with a $29.00 price target.

XPEV’s price has also changed dramatically for the past six months – from $11.910 to $19.330, which is a 62.30% increase.

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.

Report an Issue