XPeng (XPEV) PT Raised to $20 at Barclays

Barclays analyst Jiong Shao raised the price target on XPeng (NYSE: XPEV) to $20.00 (from $7.00) while maintaining a Underweight rating.

The analyst comments "Vehicle deliveries in Q4 and so far in Q1 are more than 3x the volume seen in 1H24. Model refresh and new product launch momentum strong in ’25. But, valuation stretched after share price jump in recent months. Retain UW while PT moves higher to $20..."

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