Analyst Ratings Coverage
In a research report released on Friday June 30th, CLSA (Rank#126) upgraded their coverage on Xpeng’s stock to a “Outperform” rating. The analyst also increased their 12 target forecast to $13.10 from $10 per share on the company’s stock.
Most Recent Analyst Ratings
Bank of America raises target to $11.70 from $9.80
STA Research lowers target to $10, maintains Speculative Buy rating.
Morningstar maintains “Buy” rating and $12 target forecast
XPEV Stock Forecast & Analysis
Based on the analysis and forecasts provided by 13 analysts, Xpeng Inc is expected to have an average target price of USD 10.62 over the next 12 months. This average analyst rating indicates a positive sentiment towards the company’s stock. Stock Target Advisor’s analysis has a bearish outlook on Xpeng Inc, based on a combination of 2 positive signals and 8 negative signals.
At the last closing, Xpeng Inc’s stock price was recorded at USD 11.83. This implies that the stock is currently trading at a premium compared to the average target price predicted by analysts. It’s important to keep in mind that stock prices are subject to market fluctuations and can deviate from analysts’ predictions.
Over the past week, Xpeng Inc’s stock price has shown a positive growth of +12.03%, indicating a short-term upward trend. In the past month, the stock has experienced a significant increase of +44.27%, suggesting a strong bullish momentum. However, when considering the performance over the last year, Xpeng Inc’s stock price has declined by -63.15%, reflecting a substantial decrease in value over a longer timeframe.
About Xpeng
Xpeng Inc, commonly known as Xpeng, is a leading Chinese electric vehicle (EV) manufacturer that specializes in designing, developing, and manufacturing smart electric vehicles. The company was founded in 2014 by entrepreneur He Xiaopeng and is headquartered in Guangzhou, China.
Xpeng’s primary focus is on the development of intelligent electric cars that incorporate advanced technologies such as artificial intelligence (AI), autonomous driving capabilities, and cutting-edge connectivity features. The company aims to provide consumers with high-performance, sustainable, and technologically advanced vehicles.
Product Lineup:
- Xpeng G3: Xpeng’s first mass-produced model, the G3, is an all-electric compact SUV that offers a range of over 300 miles (approx. 500 kilometers) on a single charge. It features advanced driver-assistance systems (ADAS) and connectivity features powered by Xpeng’s in-house developed Xmart OS.
- Xpeng P7: The P7 is Xpeng’s flagship sedan and is positioned as a high-performance electric sports sedan. It boasts an impressive range of up to 439 miles (approx. 706 kilometers) and features advanced autonomous driving capabilities, including highway pilot and parking assist functions.
- Xpeng P5: Recently introduced, the Xpeng P5 is an electric sedan designed to target the mainstream market. It is equipped with the latest autonomous driving technology, including lidar sensors, and is expected to offer a more affordable option for consumers.
Innovation and Technology:
Xpeng places a strong emphasis on research and development, investing in advanced technologies to enhance the performance and capabilities of its vehicles. The company has established its own dedicated research and development centers in multiple locations, including Silicon Valley in the United States.
Autonomous Driving: Xpeng has made significant progress in developing autonomous driving capabilities. The company utilizes a combination of lidar, radar, and cameras to enable advanced driver-assistance systems, with a long-term goal of achieving full self-driving capabilities.
Software and Connectivity: Xpeng’s vehicles are equipped with Xmart OS, an intelligent operating system that integrates various features such as voice control, over-the-air updates, and intelligent navigation. The company is committed to continually improving and updating its software to enhance user experience and keep pace with technological advancements.
Charging Infrastructure: Xpeng is actively involved in building a comprehensive charging network to support its growing customer base. The company has collaborated with various partners to establish charging stations across China, making it more convenient for Xpeng owners to access charging facilities.
Market Presence and Expansion:
Xpeng primarily operates in China, which is the world’s largest EV market. The company has witnessed significant growth in recent years, driven by the increasing demand for electric vehicles and government incentives promoting sustainable transportation. Xpeng has also expanded its sales and service network to provide better coverage and support to customers.
In addition to its domestic market, Xpeng has plans to expand its presence internationally. The company announced its entry into the European market, with Norway as its first destination, aiming to offer its electric vehicles to a broader global audience.
Xpeng Outlook:
Xpeng Inc is a prominent player in the Chinese electric vehicle market, known for its smart and technologically advanced electric cars. With a focus on innovation, autonomous driving technology, and intelligent connectivity, Xpeng aims to provide consumers with high-quality, sustainable mobility solutions. As the global electric vehicle industry continues to grow, Xpeng is poised to expand its market reach and establish itself as a major competitor in the EV space.
