XPeng (XPEV) Stock Receives $13 Price Target

By Amit Chowdhry ● Nov 22, 2022
  • The shares of XPeng (XPEV) recently received a $13 price target. These are the details.

The shares of XPeng (XPEV) recently received a $13 price target.

Price target: $13

Rating: Upgraded from “Neutral” to “Buy”

Analyst firm: UBS

UBS analysts adjusted the rating while pointing out that investors have turned pervasively bearish on the company due to recent sales weakness and disappointing execution on the G9 launch. And UBS analysts pointed out that they believe XPeng could improve on its internal management and product lineup. This could drive its monthly sales volume from 5K units in October to 10K per month following personnel reshuffle and product adjustments.