Citi lowered the firm’s price target on XPeng (XPEV) to $25.60 from $27.60 and keeps a Buy rating on the shares following the Q4 report. The firm sees the company’s gross margin improving to 20% in Q1 from mix improvements and cost control. XPeng should launch four more new models in fiscal 2026, which should further its improve volume recovery, the analyst tells investors in a research note.
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