XPeng, Inc. Class A (9868) Receives a Buy from SDIC Securities

SDIC Securities analyst maintained a Buy rating on XPeng, Inc. Class A yesterday and set a price target of HK$61.30.

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