In the closing of the recent trading day, XPeng Inc. Sponsored ADR (XPEV) stood at $8.45, denoting a +1.2% change from the preceding trading day.
The consensus price target hints at a 38% upside potential for XPeng (XPEV). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
Xpeng (NYSE: XPEV) stock price has collapsed in the past few years. It has retreated to a low of $7.4, down by over 68% from its highest point in 2023.
XPeng's American depositary receipts are tumbling. They've gone from being about 7% more valuable than the Hong Kong stock to 3% less valuable.
Chinese luxury EV maker Xpeng deliveries for June rose by 24% year-over-year to 10,688 units. The number was also up by 5% compared to the last month.
XPeng has been experiencing a choppy period, with investors spooked by the recent duties imposed by the US and provisional duties proposed by the EU on Chinese Electric Vehicles. Looking underneath the hood, the company has been quietly chipping away at improving their margins and narrowing their losses. A major catalyst for XPeng in the coming quarters will be its continuing collaboration with VW, and the launch of new vehicles.
The mean of analysts' price targets for XPeng (XPEV) points to a 63% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
Shareholders of Chinese electric vehicle (EV) stocks like Nio (NYSE: NIO ), Li Auto (NASDAQ: LI ) and XPeng (NYSE: XPEV ) will want to mark their calendars for July 4. That is the day when provisional European Union duties between 17.4% and 38.1% on imported China-made EVs are set to become active.
Just as EV stocks finally caught a breath amid entering historically the best month for sales and deliveries, a new challenge arose, causing Nio (NYSE: NIO), XPeng (NYSE: XPEV), and Li Auto (NASDAQ: LI) stocks all crashed in the pre-market.
XPeng Inc. NYSE: XPEV is a leading Chinese smart electric vehicle (EV) maker primarily serving the Chinese domestic market. The company is focused on the mid to high-end market with its premium EVs outfitted with advanced driver-assistance systems (ADAS) integrated with connectivity, interactive, user-friendly and cutting-edge technology.
The mean of analysts' price targets for XPeng (XPEV) points to a 71.2% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
The Biden administration is raising the U.S. tariff on imported China-made electric vehicles to 100%. If this isn't a trade war, then it's at least a serious trade conflict.