XPeng (XPEV) posts better-than-expected earnings, margin for Q4; stock climbs
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XPeng (XPEV) PT Lowered to $18.60 at Jefferies
March 20, 2024 12:38 PM EDTJefferies analyst Alexious Lee lowered the price target on XPeng (NYSE: XPEV) to $18.60 (from $25.30) while maintaining a Buy rating.
The analyst comments "XPeng reported 4Q23 results with rev up 153.9% YoY and 53% QoQ to RMB13.1bn and net loss narrowed by... More
XPeng (XPEV) PT Lowered to $13.50 at BofA Securities
March 20, 2024 12:36 PM EDTBofA Securities analyst Ming Hsun Lee lowered the price target on XPeng (NYSE: XPEV) to $13.50 (from $14.80) while maintaining a Buy rating.
The analyst comments "Xpeng reported 4Q23 results and hosted conference call: 4Q23 revenue came in at RMB13bn, up 154% YoY / 53%... More
XPeng (XPEV) PT Lowered to $15 at US Tiger Securities
March 20, 2024 11:59 AM EDTUS Tiger Securities analyst Bo Pei lowered the price target on XPeng (NYSE: XPEV) to $15.00 (from $20.00) while maintaining a Buy rating.
The analyst comments "We are maintaining our BUY rating but decreasing PT to $15 (was $20) after XPEV beat 4Q margins, but with 1Q guidance implying weak seasonality and intense industry competition. With 4Q deliveries (60,158) preannounced, investors primarily focused on 4Q margin, 1Q guidance and '24 outlook. Vehicle margin was 4.1% in 4Q, down 161bps y/y but up 1,011bps... More
Morgan Stanley Opens Research Tactical Idea on XPeng (XPEV)
March 20, 2024 4:07 AM EDTMorgan Stanley analyst Tim Hsiao reiterated an Overweight rating and $18.00 price target on XPeng (NYSE: XPEV).
The analyst comments "We believe the share price will rise in absolute terms over the next 45 days. This is because the stock has traded off recently,... More
Morgan Stanley Positive on XPeng (XPEV) Post Earnings, 'March sales will likely grow to 8.2-9.7k units'
March 19, 2024 7:51 AM EDTMorgan Stanley analyst Tim Hsiao reiterated an Overweight rating and $18.00 price target on XPeng (NYSE: XPEV)
The analyst comments "XPeng's net loss narrowed to Rmb1.35bn in 4Q23 (vs. Rmb3.9bn in 3Q23), better than our expectation of an Rmb2-2.2bn loss: 4Q revenue rose 53%... More
