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<Research>G Sachs Adds XPENG-W (09868.HK) TP to $50, Raises Earnings Forecasts
Recommend 6 Positive 14 Negative 4 |
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With the launch of the latest MONA M03 and P7+ models by XPENG-W (09868.HK), it is expected that the Company's vehicle deliveries will continue its recent momentum, and 2025 vehicle deliveries will grow by 81% YoY, with 4 new model launches, Goldman Sachs released a research report saying. Goldman Sachs rated XPENG-W at Neutral as the current risk reward profile of XPENG-W is reasonable. The broker still raised the Group's 2024-2026 non-GAAP net profit forecasts on the Group's strong sales momentum in January 2025, which is partially offset by more intense pricing competition in the market. Of which, the Company is expected to record loss of RMB5.2 billion/ RMB3.1 billion in 2024 and/ 2025 each, with a net profit of RMB279 million in 2026. In addition, the broker added its target price from $49 to $50. AAStocks Financial News |
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