Macquarie Lowers XPeng Price Target to $26
- Rating
- Outperform
- Unchanged
- Target
- $26
- from $32 (−19%)
- Upside
- +171%
- XPEV at $9.60 today
What the analyst said
Macquarie analyst Eugene Hsiao lowered the price target on XPeng (NYSE: XPEV) to $26.00 (from $32.00) while maintaining an Outperform rating.
“2026 would be a transition year for XPeng as it boosts its product portfolio with 4 new models potentially in a slowing China EV demand. • Net income breakeven could swing widely depending on revenue structure of VW volume-based fees; we expect “Other” GP to decline 27% YoY in 2026E. • We lower our FY26E volumes by -8% to 545k due to lower govt subsidy for MONA M03 and cut our TP to HK$100/US$26 based on 1.7x P/S.”
The price target and rating on this page are the opinion of the issuing research firm and its analyst, not of Price Target. This page is published for informational purposes only and is not investment advice, a recommendation, or an offer to buy or sell any security. Past performance does not guarantee future results. Consider your own circumstances and consult a licensed financial adviser before making investment decisions.
This research note is reproduced verbatim from the issuing firm. Price Target never edits, paraphrases or alters analysts’ words — we only republish them in one place.
Where the price stands
XPEV trades at $9.60. The 7 analysts who set a target in the last 3 months range from $10 to $22, with a median of $16. This $26 target is 63% above the median, the highest on the Street.
Since the note XPEV has moved −53% (from $20.58). 12-month window: day 294 of 365, closes on January 15, 2027.
Track record
This callOpen: XPEV has not reached $26 yet. This 12-month target is scored on January 15, 2027.
Firm track recordToo early to score Macquarie: price targets are 12-month calls and fewer than 5 of its targets are a year old. 6 of its 11 open targets have already been reached. How we score
Macquarie on XPeng
Macquarie price targets on XPeng
3 calls from January 15, 2026 to May 29, 2026. The target went from $26 to $19 (−27%). The rating stayed Buy.
- May 29, 2026Upgraded to Buy, kept the $19 targetBuy$19
- March 23, 2026Downgraded to Hold, target cut from $26 (−27%)Hold$19
- January 15, 2026 This noteEarliest call shownBuy$26
