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<Research>Citi: XPeng 3Q Earnings Beat, 4Q Sales Target Misses
Recommend 5 Positive 13 Negative 2 |
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According to Citi's research report, XPENG-W (09868.HK)'s 3Q25 revenue grew by 102% YoY or 7% QoQ to RMB20.4 billion, in line with the broker's expectations. Its total gross profit also surged by 30% QoQ to RMB4.1 billion, surpassing the broker's forecast of RMB3.59 billion. By applying a 2.5x P/S ratio for 2025 projections, Citi arrived at a target price of USD29.4 for XPeng (XPEV.US), with a Buy rating. The carmaker set a target for its 4Q25 sales at 125,000-132,000 cars, up 36.6-44.3% YoY or 8-14% QoQ, and for the revenue at RMB21.5-23 billion, up 33.5-42.8% YoY or 5.5-12.9% QoQ, both below market consensus. AAStocks Financial News |
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