Bank of America Raises XPeng Price Target to $25
- Rating
- Buy
- Unchanged
- Target
- $25
- from $24 (+4%)
- Upside
- +144%
- XPEV at $10.24 today
What the analyst said
BofA Securities analyst Ming Hsun Lee raised the price target on XPeng (NYSE: XPEV) to $25.00 (from $24.00) while maintaining a Buy rating.
“Supported by better-than-expected GX orders, management expects to deliver 100-106k units of vehicle (down 3%- up 3% YoY) in 2Q26. XPeng expects its 2Q26 GPM to be largely flat QoQ, aided by better product mix (GX features highest GPM among vehicle models), partially offset by rising material costs.
Starting with GX, XPeng is rolling out four SUV models, supporting sequential volume growth in 2Q-4Q26.
Factoring in 1Q26 results and latest outlook, we lift 2026/27/28E volume sales by 5%/5%/5%, adjust 2026/27/28E GPM by +1.3ppt/-0.3ppt/-0.7ppt, and lower OPEX to sales ratio by 0.9ppt/0.4ppt/0.4ppt.
Net-net, we narrow 2026E non-GAAP net loss, widen 2027E nonGAAP net loss, and expect 2028 to record non-GAAP net loss.
Our new PO is USD25/ADS or HKD98/share (was USD24/ADS or HKD94/share) (see detailed inside). Reiterate Buy as we see new business (robotaxi, humanoid robot) to support its valuation.”
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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 $25 target is 56% above the median, the highest on the Street.
Since the note XPEV has moved −38% (from $16.45). 12-month window: day 163 of 365, closes on May 28, 2027.
Track record
This callOpen: XPEV has not reached $25 yet. This 12-month target is scored on May 28, 2027.
Firm track recordBank of America: 80% of its 50 targets at least a year old were reached within 12 months (#10 of 26 firms). Accuracy ranking →
Bank of America on XPeng
Bank of America price targets on XPeng
2 calls from May 28, 2026 to August 25, 2026. The target went from $25 to $19 (−24%). The rating stayed Buy.
- August 25, 2026Target cut from $25 (−24%)Buy$19
- May 28, 2026 This noteEarliest call shownBuy$25
