XPeng (XPEV, Financial) has seen its price target boosted by Morgan Stanley analyst Tim Hsaio, moving from $26 to $28, while maintaining an Overweight rating on the stock. Despite the potential for increased short-term market fluctuations due to competitive pressures and the stock's strong performance this year, the analysis remains positive about XPeng’s developments in its vehicle lineup and advancements in artificial intelligence.
Highlighting the company's innovative strides, the analyst noted the introduction of the G7, a car featuring the AI Turing chip, priced at Rmb 235,800, marking a significant milestone for XPeng. This move is viewed as an initial phase in leading technological breakthroughs within the automotive sector.
