Big Moves | NVIDIA's Rating Upgraded, But XPENG-W Goes the Other Way? Target Price Gets Significant Upgrades Across the Board!

Lyon: Downgrades XPENG-W from "Buy" to "Outperform", raises target price by 31% to HKD 51.2

Based on the latest closing price of HKD 58.25, this price implies a downside of 12%.

The downgrade is mainly due to the uncertainty in G6 production capacity improvement. However, considering its recent stock price outperformance, the target price is adjusted based on a 1.5x P/S ratio.

The report states that the company launched the new G6 last month, with a starting price of RMB 209,900. The bank expects monthly sales of G6 to reach 10,000 units, driving the group's monthly sales volume back to the level of 15,000 units in the third quarter. The potential launch of the group's XNGP intelligent assisted driving system and the government's supportive attitude towards the industry will further enhance the prospects of XPENG-W.

Credit Suisse: Maintains BYD's "Outperform" rating, target price at HKD 430

Based on the latest closing price of HKD 261.2, this price implies an upside of 65%!

The report states that the company's June sales increased by 5% MoM and 89% YoY to 253,046 vehicles, setting a new monthly sales record. This strong sales momentum is attributed to a 12% MoM increase in the "Song" SUV series. The overall sales volume for the second quarter increased by 27% QoQ to 703,561 vehicles, achieving the highest quarterly sales volume since its establishment.

Credit Suisse: Maintains NIO's "Outperform" rating, target price at USD 15.7

Based on the latest closing price of USD 9.69, this price implies an upside of 62%!

The bank emphasizes that the group's weekly sales have significantly improved in the past two weeks, reaching approximately 3,200 units per week. This is believed to be due to the increased sales of the new ES6 SUV, as well as the ET5 sedan and ET5 Touring electric travel car. The bank quotes NIO's statement that the company expects sales to further increase to over 20,000 units in the second half of the year.

Nomura: Upgrades NVIDIA from "Neutral" to "Outperform", raises target price by 16% to USD 475

Based on the latest closing price of USD 423.02, this price implies an upside of 12%!

The bank points out that the company dominates the field of artificial intelligence, especially in generative AI, and it will be difficult for competitors such as AMD and Intel to surpass NVIDIA. This is attributed to NVIDIA's comprehensive product portfolio in AI.

The bank states that AMD and Intel have powerful GPUs, but success depends not only on the chips themselves but also on various factors. The bank also believes that GPUs used for training can be seen as an emerging market, and NVIDIA will benefit from this emerging market. Analysts believe that Nvidia's business and operations are unlikely to be affected by external factors this year.

CFRA: Raises Apple's target price by 16% to $220

If calculated based on the latest closing price of $193.97, this price implies a 3% upside potential!