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)
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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
- XPeng Inc. (NYSE: XPEV) was downgraded by analysts at The Goldman Sachs Group, Inc. from a "buy" rating to a "neutral" rating. They now have a $12.50 price target on the stock.MarketBeat
- XPeng Inc. (NYSE: XPEV) had its price target raised by analysts at Sanford C. Bernstein from $9.00 to $14.00. They now have a "market perform" rating on the stock.MarketBeat
- XPeng Inc. (NYSE: XPEV) had its price target lowered by analysts at Citigroup Inc. from $14.60 to $13.70. They now have a "neutral" rating on the stock.MarketBeat
- XPeng Inc (XPEV) Q3 2024 Earnings Call Highlights: Record Deliveries and Margin Improvements ... [Yahoo! Finance]Yahoo! Finance
- What's Going On With NIO Stock Following Strong Q3 Results From Top Peer XPeng? [Yahoo! Finance]Yahoo! Finance
XPEV
Sec Filings
- 11/19/24 - Form 6-K
- 11/13/24 - Form SC
- 11/1/24 - Form 6-K
- XPEV's page on the SEC website