XPeng, Inc. ADR ( (XPEV) ) has fallen by -9.23%. Read on to learn why.
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XPeng, Inc. ADR has experienced a notable decline in its stock price, dropping by 9.23% over the past week. Despite this downturn, the company has maintained a strong buy consensus among analysts, with several firms such as Citic Securities, DBS, and Daiwa reiterating their buy ratings. Analysts have set an average price target of HK$117.45, indicating a potential upside of over 36% from current levels. This optimism is fueled by XPeng’s recent financial performance, which showed significant revenue growth compared to the previous year, despite reporting a net loss.
The company recently reported a quarterly revenue of HK$18.27 billion, a substantial increase from HK$8.11 billion the previous year. However, XPeng also recorded a GAAP net loss of HK$477.75 million, which, while improved from last year’s HK$1.28 billion loss, still reflects ongoing financial challenges. The market’s mixed reaction to these results, coupled with broader market trends, may have contributed to the recent decline in stock price.
Despite the recent dip, the outlook for XPeng remains positive among analysts, with several raising their price targets and maintaining buy ratings. The stock’s recent performance and the company’s financial results suggest a complex landscape for investors, balancing the potential for future growth against current financial challenges. Investors interested in XPeng should consider these factors when evaluating the stock’s potential for recovery and growth.