Stocks
Goldman Sachs Backs XPeng with HK$69 Price Target
Goldman Sachs has maintained a 'Buy' rating on XPeng, Inc. Class A (9868) in a recent report.
The price target set by the analyst is HK$69.00, which represents a significant valuation for the electric vehicle manufacturer.
This assessment comes as part of the current consensus among analysts, who collectively hold a 'Strong Buy' view on XPeng, Inc. Class A with an average price target of HK$87.90.
XPeng's latest earnings release for the quarter ending March 31 revealed a quarterly revenue of HK$12.92 billion and a GAAP net loss of HK$1.77 billion.