MMacquarie XXPeng · XPEV
Macquarie Lowers XPeng Price Target to $26
Rating
Buy
Price target
$26
Previous
$32
Implied upside
+26%
Macquarie analyst Eugene Hsiao lowered the price target on XPeng (NYSE: XPEV) to $26.00 (from $32.00) while maintaining a 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.”
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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.
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