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<Research>Daiwa Upgrades XPeng (XPEV.US) to Buy, Lifts TP to US$29
Recommend 3 Positive 12 Negative 6 |
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XPENG-W (09868.HK) will release its 3Q25 results on 17 November, Daiwa published a research report saying. Due to the continuous improvement in XPENG-W's gross profit margin and its enhanced competitiveness in the robotaxi and humanoid robot sectors, the broker upgraded XPENG-W from Hold to Buy, and lifted its target price for XPENG-W's US stock from US$24 to US$29. XPENG-W aimed to achieve breakeven in 4Q25, the report added. Benefiting from strong growth in new car sales and technical services, the Company's 3Q25 revenue increased by 102% YoY to RMB20.4 billion. AASTOCKS Financial News Website: www.aastocks.com |
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