In a report released yesterday, from Guosheng Securities maintained a Buy rating on XPeng, Inc. Class A, with a price target of HK$57.60. The company’s shares closed yesterday at HK$44.82.
Currently, the analyst consensus on XPeng, Inc. Class A is a Strong Buy with an average price target of HK$79.40, which is a 77.15% upside from current levels. In a report released on August 27, DBS also maintained a Buy rating on the stock with a HK$76.00 price target.
Based on XPeng, Inc. Class A’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of HK$12.92 billion and a GAAP net loss of HK$1.77 billion. In comparison, last year the company earned a revenue of HK$15.81 billion and had a GAAP net loss of HK$664.05 million
