HomeLifestyleVehiclesInvestors Proceeding With Caution On XPeng (XPEV)
Investors Proceeding With Caution On XPeng (XPEV)

XPeng (XPEV) is todays under 30-stock. In this segment Jenny Horne and Alex Coffey discuss Chinese electric vehicle maker Xpeng (XPEV) with George Tsillis. Jenny talks about the China Renaissance Securities initiating XPeng (XPEV) +0.1% coverage with a buy rating and set PT of $55.60. The PT of $55.40 is a 94% premium to the current market price of $28.73. George looks at XPeng’s (XPEV) February numbers compared year over year and its Y/Y top line sales, both of which are up. George weighs in on potential reasons why XPeng (XPEV) stock has been weak lately despite it being among top performers in China’s developing EV market. George and Alex also discuss XPeng (XPEV) competitors NIO (NIO) and LI Auto (LI). Shares of XPeng were trading around $29 late Thursday afternoon, down about a quarter of a percent.

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