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Daiwa Upgrades XPeng (XPEV.US) to Buy, Lifts TP to US$29
2025-11-19 14:00:40
XPENG-W (09868.HK) will release its 3Q25 results on 17 November, Daiwa published a research report saying.

Due to the continuous improvement in XPENG-W's gross profit margin and its enhanced competitiveness in the robotaxi and humanoid robot sectors, the broker upgraded XPENG-W from Hold to Buy, and lifted its target price for XPENG-W's US stock from US$24 to US$29.

XPENG-W aimed to achieve breakeven in 4Q25, the report added. Benefiting from strong growth in new car sales and technical services, the Company's 3Q25 revenue increased by 102% YoY to RMB20.4 billion.
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