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
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(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."

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