Jiangyin International: Maintains "Buy" rating on XPENG-W with a target price of HKD 77.36

Zhitong
2024.11.21 06:49

Jiangyin International released a research report stating that it maintains its previous view on XPENG-W, noting that the product strength and cost-effectiveness positioning of the M03 and P7+ will have a positive impact on the models to be released next year. At the same time, since XPeng has not announced the timeline for the extended-range models, the firm believes the market has not yet priced in the potential sales boost from the extended range, indicating there is still room for upward adjustment in next year's sales. The firm maintains a "Buy" rating and a target price of HKD 77.36

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