Citi keeps a Sell rating on XPeng with Target Price USD 15

Despite the Didi collaboration, this analyst keeps a sell rating. Recently Xpeng announced a disappointing Q2 2023 earnings. Read here for more details:
Xpeng shares drop 7% after the Chinese electric car maker posts a record quarterly loss

Quote:

Citi keeps a Sell rating on XPeng with a $15 price target after the company said it will issue A-class ordinary shares to acquire assets related to DiDi’s smart electric vehicle project. The firm attributes the share price rally of Xpeng today to the partnership with DiDi and potentially deeper cooperation between Xpeng and Nvidia (NVDA). However, Citi expects Xpeng’s G6 has undelivered orders close to 30,000 units at present.

Citi keeps a Sell rating on XPeng with Target Price USD 15

Source:

Citi keeps Sell rating on XPeng after DiDi strategic partnership - Tipranks

$BYD COMPANY (01211.HK)$ $BYD Co. (BYDDF.US)$ $S&P 500 Index (.SPX.US)$ $Nasdaq Composite Index (.IXIC.US)$ $Tesla (TSLA.US)$ $VOLKSWAGEN A G (VWAGY.US)$ $NIO Inc (NIO.US)$ $Li Auto (LI.US)$ $XPeng (XPEV.US)$ $General Motors (GM.US)$ $Ford Motor (F.US)$ $Rivian Automotive (RIVN.US)$ $MERCEDES-BENZ GROUP AG (MBGAF.US)$ $TOYOTA MOTOR CORP (TOYOF.US)$ $GEELY AUTO (00175.HK)$ $Lucid Group (LCID.US)$ $Stellantis NV (STLA.US)$

Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more

Translate

Report

19K Views

Comment

ZnWC

I reflected trading experiences by writing journals. My comments are for educational purposes not financial advice.

2981Followers

93Following

12KVisitors