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.
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