Wall Street analysts increasingly bullish on Nio stock after a 50% YTD drop [Yahoo! Finance]
XPeng Inc. American depositary shares, each representing two Class A ordinary shares (XPEV)
Company Research
Source: Yahoo! Finance
Both Jefferies and Citi Research have expressed confidence in Nio's ability to rebound, pointing to a series of upcoming catalysts that could drive a recovery in its stock price. These include improved financial performance, a promising pipeline of new models, rising sales volumes, and favorable industry conditions in China's rapidly expanding new energy vehicle (NEV) market. While risks remain, both brokerages view Nio's current stock price as an attractive opportunity for long-term investors. A key factor behind the renewed optimism surrounding Nio is the upcoming launch of the L60 model on September 20, 2024, which has already generated positive feedback. Analysts at Jefferies view this launch as a significant near-term catalyst, “We estimate that there is about a 70% to 80% (or "very likely") probability for the scenario,” the analysts said. This is expected to be driven by strong demand for the L60, combined with broader improvements in the NEV sector. Citi Research,
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News
- Is XPeng Inc. (NYSE:XPEV) The Worst Chinese Stock to Buy Right Now According to Short Sellers [Yahoo! Finance]Yahoo! Finance
- XPeng: Inferior EV Investment Choice [Seeking Alpha]Seeking Alpha
- XPeng Inc. (NYSE: XPEV) was upgraded by analysts at JPMorgan Chase & Co. from a "neutral" rating to an "overweight" rating. They now have a $11.50 price target on the stock, up previously from $8.00.MarketBeat
- XPENG Announces Vehicle Delivery Results for August 2024GlobeNewswire
- XPeng Inc. (NYSE: XPEV) was upgraded by analysts at Macquarie from a "neutral" rating to an "outperform" rating.MarketBeat
XPEV
Earnings
- 11/15/23 - Beat
XPEV
Sec Filings
- 9/13/24 - Form F-6EF
- 9/13/24 - Form S-8
- 9/4/24 - Form 144
- XPEV's page on the SEC website