Macquarie Upgrades XPeng Motors (XPEV) Rating to Outperform

May 21, 2025

Macquarie has upgraded its rating for XPeng Motors' (XPEV, Financial) ADR from neutral to outperform, setting a target price of $24, which implies a potential upside of 7.9%. This upgrade follows XPeng Motors' recent quarterly earnings report, where both earnings and revenue exceeded expectations.

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