Morgan Stanley Raises XPeng’s Price Target to $34

Morgan Stanley analyst Tim Hsiao raised on November 11, 2025, the price target on XPeng to $34 (from $30), while maintaining a ‘Overweight’ rating on the stock.

“We raise our SOTP-based bull case valuations to US$54/HK$211 to reflect the growth potential and re-rating opportunities derived from newly unveiled humanoids and robotaxis.

We anticipate a strong improvement in sentiment from mid-2026 when XPeng starts to mass produce its physical AI initiatives.”

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