Insights
-
CICC initiates coverage on Xpeng with Outperform rating and $46 price target
CICC said its target price implies 33 percent upside for Xpeng's US shares and 29 percent upside for its Hong Kong shares.
-
Analysts say sodium-ion battery adoption expected to accelerate
In an era of the energy revolution, sodium-ion batteries are expected to accelerate adoption due to their clear advantages in terms of resource quantity and cost.
-
Deutsche Bank reiterates China EV stocks could be one of the best relative safe havens
The latest news "reaffirms our belief China EV stocks could be one of the best relative safe havens for growth investors," Yu's team said.
-
Analyst says it's possible that Tesla's software business will be more valuable than hardware
Tesla recently launched a monthly subscription service for Full Self-Driving (FSD), and the potential of the business promises to make Tesla's software business more valuable than its hardware, according to Morgan Stanley.
-
Analysts say China's new carmakers and Tesla growing sales together, not eating into each other's markets
Whenever Tesla starts offering lower-priced models in China, there is always talk of the doom and gloom for China's new carmakers. In the analysts' view, this is overblown.
-
Deutsche Bank raises Xpeng price target to $50, citing EV sentiment re-rate potential
In a research note sent to investors on Monday, Deutsche Bank's Edison Yu's team raised its price target on Xpeng by $7 to $50, saying it is based on 7.5x 2022E sales, after previously valuing Xpeng at 7.0x 2022E sales.
-
SPDB International initiates coverage on Xpeng with Buy rating and HK$187.6 price target
Xpeng's car sales have a price-to-sales ratio close to other new car makers, but its software services could be given a higher price-to-sales ratio thanks to its push in autonomous driving and software monetization, according to the report.
-
Citi gives Xpeng's H shares Buy rating and HK$207.5 price target
Xpeng closed down 3.21 percent to HK$151 in Hong Kong on Wednesday, more than 8 percent below its offering price of HK$165. Citi's target price implies a 37 percent upside.
-
Citi raises BYD price target, says its P/S ratio should reach Nio's level
Nio has a P/S ratio of 22 times, while the figure for BYD is 3 times.
-
Deutsche Bank asks: 'Could China EV stocks emerge winners from Didi debacle?'
Yu's team believes that as investors better understand this dynamic, there will be more interest and money flowing into China EV stocks.
