Xpeng Stock
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2022 might be winning year for Xpeng – and the stock is finally fairly priced now
This article presents a forecast of Xpeng's EV sales in 2022 and evaluates its stock by analyzing each model of Xpeng and using the valuation multiples.
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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.
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Xpeng closes up over 6% in Hong Kong, back above issue price for first time
Shares of Xpeng Motors traded in Hong Kong opened 4.76 percent higher to HK$169.50 on Thursday, surpassing the issue price of HK$165 for the first time since it went public in Hong Kong.
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Alibaba increased its long position in Xpeng HK shares by about 15%
On July 7, Alibaba increased its long position in Xpeng Motors from 0% to 14.97%, according to a HKEx filing.
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Xpeng bucks trend in Hong Kong by nearly 3%, stock to be included in Hang Seng Index on Wednesday
In the past three trading days, Xpeng has gained nearly 9 percent in Hong Kong.
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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.
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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.
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Xpeng's Hong Kong stock added to Chinese mainland index
There are currently several funds in the China A-share market that track the index, meaning that Xpeng's Hong Kong stock is expected to receive passive capital inflows from the mainland.
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Xpeng gets nearly HK$2 billion additional capital through over-allotment of shares in Hong Kong
The HKEx has approved the listing of the over-allotted shares and they will be available for trading starting at 9 a.m. on July 19.
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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.
