Freedom Broker Lowers XPeng Price Target to $22
Freedom Broker analyst Roman Lukianchikov lowered the price target on XPeng (NYSE: XPEV) to $22.00 (from $25.00) while maintaining a Buy rating.
“The company delivered quarterly results below expectations.
The recovery in deliveries and resilience of gross margin demonstrate the strength of XPeng’s operating model, although weak demand and intensifying price competition in the Chinese market continue to constrain growth.
The company’s focus on premiumization, new models, and physical AI technologies creates potential for further improvement in financial performance, although contributions from new businesses beyond its core automotive operations remain a long-term prospect.
Given the current weakness in the Chinese auto market, we maintain our “Buy” recommendation but lower our target price for XPEV shares from $25 to $22.”
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