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<Research>G Sachs Foresees XPENG-W 1Q26 Seasonality Beats Peers; TP Added to $96
Recommend 10 Positive 29 Negative 4 |
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Goldman Sachs issued a research report on XPENG-W (09868.HK)(XPEV.US), which delivered in-line 3Q25 results, but its 4Q25 revenue guidance was expected to fall short, in wake of slower sales growth and increased market competition. The share price ebbed back 10% after the results release. While XPeng's sales momentum may be relatively mild in the short term, with a limited number of new model launches, the broker anticipated that XPeng's seasonality will outshine its peers in 1Q26. This was because the company will launch extended-range electric vehicle (EREV) versions of three models (G6, G7, and P7+). Following the 3Q25 results, Goldman lowered its 2025-27 earnings forecasts for XPeng, from a loss of RMB400 million, a net profit of RMB3.8 billion, and a net profit of RMB5.5 billion to a loss of RMB800 million, a net profit of RMB2.8 billion, and a net profit of RMB3.3 billion, in light of higher R&D expenses for new businesses. The 12-month target price for XPeng's US-listed shares was raised from USD24 to USD25, and its target price for Hong Kong-listed shares from HKD94 to HKD96. The Buy rating was maintained. AAStocks Financial News |
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