In a recent development in the stock market, XPeng, trading under the ticker XPEV, has received an upgrade from Macquarie. This indicates a positive outlook for the company's stock, as the rating has improved from "Neutral" to "Outperform." This upgrade reflects increased confidence in XPeng's future performance and prospects.
The analyst leading this upgrade is Eugene Hsiao, who has set a new price target for XPeng (XPEV, Financial) at $24.00 USD. This announcement is significant for investors and traders keeping a close watch on XPeng's market trajectory. Although a previous price target was not specified, the introduction of a $24.00 USD target denotes a calculated expectation of value increase from Macquarie's perspective.
These updates are poised to influence investor sentiment and could potentially drive the trading behavior for XPeng (XPEV, Financial) in the coming sessions. This strategic move by Macquarie can be considered a key indicator for stakeholders evaluating their investment decisions related to XPeng.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 26 analysts, the average target price for XPeng Inc (XPEV, Financial) is $23.17 with a high estimate of $31.95 and a low estimate of $9.98. The average target implies an upside of 4.14% from the current price of $22.25. More detailed estimate data can be found on the XPeng Inc (XPEV) Forecast page.
Based on the consensus recommendation from 25 brokerage firms, XPeng Inc's (XPEV, Financial) average brokerage recommendation is currently 2.3, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for XPeng Inc (XPEV, Financial) in one year is $29.79, suggesting a upside of 33.89% from the current price of $22.25. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the XPeng Inc (XPEV) Summary page.
