Barclays Lowers XPeng Price Target to $16
- Rating
- Underweight
- Unchanged
- Target
- $16
- from $17 (−6%)
- Outcome
- Reached
- on April 23, 2026
What the analyst said
Barclays analyst Jiong Shao lowered the price target on XPeng (NYSE: XPEV) to $16.00 (from $17.00) while maintaining an Underweight rating.
“Summary: Q1 delivery guide is a bit below our expectations but the company is launching several new models in 2026.
The issue we see is that ’26 is shaping up as a pretty difficult year for NEVs in China as the government is cutting back on tax incentives and a number of EV makers are launching new models.
While management is hopeful and optimistic about the sales of their new models, visibility into success of these new models is limited, needless to say.
The only bright spot we see for Chinese EV makers is the overseas market and we agree with XPEV management that the company should focus on growing its overseas sales by over 100% in ’26 (to over 20% of total vehicle sales).
Separately, the company has been aggressively investing in robotaxi and humanoid robots and has some aspirational year-end targets for both new initiatives.
We are a bit concerned about both the company’s resources and management stretching itself a bit too thin when investing in multiple new areas.”
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Where the price stands
XPEV trades at $10.24. The 7 analysts who set a target in the last 3 months range from $10 to $22, with a median of $16. This $16 target is in line with the median.
Since the note XPEV has moved −42% (from $17.55). 12-month window: day 229 of 365, closes on March 23, 2027.
Track record
This call✓ Target reached on April 23, 2026, 31 days after the note.
Firm track recordBarclays: 83% of its 40 targets at least a year old were reached within 12 months (#7 of 26 firms). Accuracy ranking →
Barclays on XPeng
Barclays price targets on XPeng
3 calls from February 19, 2026 to August 25, 2026. The target went from $17 to $14 (−18%). The rating stayed Sell.
- August 25, 2026Target cut from $16 (−13%)Sell$14
- March 23, 2026 This noteTarget cut from $17 (−6%)Sell$16
- February 19, 2026Earliest call shownSell$17
