Will NIO Stock's Rally Continue? [Forbes]
XPeng Inc. American depositary shares, each representing two Class A ordinary shares (XPEV)
Company Research
Source: Forbes
SOPA Images/LightRocket via Getty Images Chinese luxury electric vehicle maker Nio stock (NYSE:NIO) has seen a strong rally in recent weeks, rising by about 45% since late August, roughly in line with its peers Xpeng (NYSE:XPEV) and Li Auto (NASDAQ:LI) . While broader market factors, such as the Chinese government's recent monetary stimulus measures, have played a role in the recent rally, several factors specific to Nio have also contributed. We believe the stock could have meaningful upside, potentially rising 2x from current levels. Nio reported a relatively strong performance for September, with deliveries rising 35% year-over-year to 21,181 units. Although this growth was behind rivals like Xpeng, which delivered 21,352 vehicles (up 39.5% year-on-year), and Li Auto, which led with 53,709 deliveries, Nio has maintained a relatively consistent track record this year. The company has posted five consecutive months of over 20,000 vehicle deliveries, showing steady demand despite
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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