HSBC Raises XPeng’s Price Target to $29.60

HSBC analyst Yuqian Ding raised on August 22, 2025 the price target on XPeng to $29.60 (from $27.40) while maintaining a ‘Buy’ rating on the stock.

“We continue to use a DCF to value the stock.

With our refreshed 2025-27 earnings estimates, we arrive new target price for US-listed share of USD29.60 (from USD27.40), implying 45% upside, and we maintain our Buy rating.

We have a HKD115.00 TP on the H-share (9868 HK, CMP HKD80.45), from HKD107.00 previously, using an RMB/HKD FX rate of 1.10 (previously 1.06).”

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