XPeng delivers soft guidance despite strong Q2 earnings beat; shares slip
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XPeng (XPEV) PT Lowered to $8 at JPMorgan
August 21, 2024 6:20 AM EDTJPMorgan analyst Nick Lai lowered the price target on XPeng (NYSE: XPEV) to $8.00 (from $9.00) while maintaining a Neutral rating.
The analyst comments "XPengs 2Q24 results on 20 Aug were broadly in line with little surprise although 3Q24 delivery guidance is a... More
XPeng (XPEV) PT Lowered to $10 at BofA Securities
August 21, 2024 6:12 AM EDTBofA Securities analyst Ming Hsun Lee lowered the price target on XPeng (NYSE: XPEV) to $10.00 (from $11.00) while maintaining a Buy rating.
The analyst comments "XPeng announced 2Q24 results and hosted a conference call on 20 August. Total revenue came in at... More
Bernstein SocGen Group Reiterates Market Perform Rating on XPeng (XPEV)
August 21, 2024 5:12 AM EDTBernstein SocGen Group analyst Eunice Lee reiterated a Market Perform rating and $9.00 price target on XPeng (NYSE: XPEV)
The analyst comments "Q2 margin beat on VW & Other. XPeng reported Q2 revenue of RMB 8.1bn, +60.2% YoY and +23.9% QoQ. YoY growth was driven by both volume growth... More
XPeng (XPEV) PT Lowered to $7.60 at Citi
August 20, 2024 3:17 PM EDTCiti analyst Jeff Chung lowered the price target on XPeng (NYSE: XPEV) to $7.60 (from $8.30) while maintaining a Neutral rating.
The analyst comments "This report summarizes our thoughts on Xpengs MONA model launch and ADAS development. We slightly lift 2024-26E... More
Morgan Stanley Reiterates Overweight Rating on XPeng (XPEV)
August 20, 2024 6:41 AM EDTMorgan Stanley analyst Tim Hsiao reiterated an Overweight rating and $11.70 price target on XPeng (NYSE: XPEV)
The analyst comments "XPeng's net loss of Rmb1.28bn in 2Q24 narrowed from Rmb1.37bn in 1Q24, inline with our previous forecast of a Rmb1.3bn loss: 2Q total revenue... More
XPeng Inc. (XPEV) Tops Q2 EPS by 105c; Misses on outlook
August 20, 2024 5:37 AM EDTXPeng Inc. (NYSE: XPEV) reported Q2 EPS of (RMB0.65), RMB1.05 better than the analyst estimate of (RMB1.70). Revenue for the quarter came in at RMB8.11 billion versus the consensus estimate of RMB8.19 billion.
GUIDANCE:
XPeng Inc. sees Q3 2024... More
