Macquarie upgraded XPeng (XPEV) to Outperform from Neutral with a price target of $24, up from $22. The company’s Q1 report was another towards net profit, the analyst tells investors in a research note. The firm believes XPeng is now addressing its previous scale challenges. The firm thinks the M03 and P7+ can “kick-start a growth cycle” to help XPeng reclaim electric vehicle market share.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on XPEV:
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue