Close

UPDATE: XPeng Inc. (XPEV) Named Catalyst Call Buy Idea at Deutsche Bank

September 13, 2022 4:13 AM EDT
Get Alerts XPEV Hot Sheet
Price: $11.82 +7.45%

Rating Summary:
    15 Buy, 5 Hold, 2 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 14 | Down: 24 | New: 39
Join SI Premium – FREE

Get instant alerts when news breaks on your stocks. Claim your 1-week free trial to StreetInsider Premium here.
(Updated - September 13, 2022 8:07 AM EDT)

XPeng Inc. (NYSE: XPEV) Named Catalyst Call Buy Idea at Deutsche Bank.

Analyst Edison Yu commented, "XPeng has certainly faced a rough few months as we detailed in prior reports. The stock deserves to be down in our view but we anticipate a temporary bounce back with the official launch of the G9 (shares already -33% over the past month vs. NASDAQ -6% and NIO +3%). The flagship SUV has already been shown off (pictures, some specs) but pricing has not been disclosed yet, which we think is a key aspect leading up to start of production/deliveries next month. Should pricing come in around 400k RMB or lower, we think the model should sell well at least for 2-3 quarters, alleviating some demand concerns. Management already disclosed nearly 23k pre-orders in the first 24 hours and a positive update to this number should give reason for investors to be less bearish on the stock."



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Analyst Comments, Hot Comments

Related Entities

Deutsche Bank, Deustche Bank Catalyst Call