As previously reported, Goldman Sachs analyst Tina Hou upgraded XPeng (XPEV) to Buy from Neutral with a price target of $24, up from $16.40. A series of efforts, including organization and supply chain restructuring, technology cost-down, and platformization, have transformed the company’s product and cost structure competitiveness, providing higher visibility for sustainable sales volume growth as well as profit margin improvement, the analyst tells investors. Based on improvements on both product competitiveness as well as cost structure, the firm raised its 2025, 2026 and 2027 net profit estimates, mainly on higher volume estimates, the analyst noted.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on XPEV:
- XPeng upgraded to Buy from Neutral at Goldman Sachs
- XPeng, Inc. ADR Faces Stock Turbulence Amid AI Ambitions
- XPeng price target raised to $28 from $26 at Morgan Stanley
- Xpeng Stock (XPEV) Reverses Despite Chips Powering Past Nvidia
- XPeng’s G7 Launch and AI Innovations Drive Buy Rating Amid Strong Sales Momentum