Why XPeng Stock Spiked Higher Today [Yahoo! Finance]
XPeng Inc. American depositary shares, each representing two Class A ordinary shares (XPEV)
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Source: Yahoo! Finance
Shares of companies that do business in China have soared after the government announced fresh economic stimulus measures. Electric vehicle (EV) maker XPeng (NYSE: XPEV) is one likely beneficiary of those support measures. But there are other reasons that investors are becoming more bullish on XPeng. That helped the stock surge as much as 14% Friday morning. As of 1:30 p.m. ET, XPeng shares had pared some of that rise, but held onto a gain of 10%. Tailwinds for the EV maker One new bullish take on XPeng's business just came from Citigroup analysts. The firm boosted its price target on the EV manufacturer as it sees increasing sales on the horizon. That should lead to better financial performance in the medium to long term. Citi sees sales volumes nearly doubling by 2026, to over 400,000 units. Interest is strong in Xpeng's soon-to-be-released updated P7 sedan and its Tesla Model 3 rival Mona M03, according to Citi. The EV maker also plans to build a lineup of Extended Range El
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XPEV
News
- XPeng Inc. (NYSE: XPEV) had its "sell" rating re-affirmed by analysts at UBS Group AG. They now have a $8.80 price target on the stock, up previously from $8.20.MarketBeat
- XPENG Announces Vehicle Delivery Results for November 2024 [Yahoo! Finance]Yahoo! Finance
- XPENG Announces Vehicle Delivery Results for November 2024GlobeNewswire
- XPeng Inc. (NYSE: XPEV) was upgraded by analysts at China Renaissance from a "hold" rating to a "buy" rating. They now have a $16.70 price target on the stock.MarketBeat
- 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
XPEV
Sec Filings
- 12/18/24 - Form 144
- 12/17/24 - Form 144
- 12/2/24 - Form 6-K
- XPEV's page on the SEC website