US Tiger Securities Lowers XPeng Price Target to $15
US Tiger Securities analyst Bo Pei lowered the price target on XPeng (NYSE: XPEV) to $15 (from $20) while maintaining a Hold rating.
“We maintain our HOLD rating but lower our price target to $15 from $20 on XPeng following a mixed 2Q26.
Consolidated gross margin improved, but vehicle margin remained soft and high-margin services contributed disproportionately.
More importantly, 3Q guidance implies roughly flat YoY deliveries, below our expectations.
This is partly offset by a stronger anticipated 4Q ramp, supported by MONA L03 capacity expansion, the G9L and MONA L05 launches, and overseas growth.
XPeng’s humanoid robotics business is also nearing commercialization, although execution, demand sustainability, and profitability remain uncertain.
We lower our price target to reflect weaker near-term momentum, continued losses, and limited visibility into robotics and Physical AI monetization.”
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