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CICC: Maintains xpeng-W 'Outperform' rating, target price raised to HK$55.
CICC released a research report stating to maintain xpeng-W (09868) with an "outperform" rating in the industry, and maintain profit forecasts for 2024/25. Considering the recent improvement in sector valuation and the company's realization of the product cycle, the Hong Kong stock target price is raised by 22% to 55 Hong Kong dollars. The company recently held consecutive smart driving and three-electric technology communication meetings for the P7+ model. The bank believes that the P7+ has industry-leading intelligent driving functions and high endurance with low energy consumption, and the P7+ is expected to drive the company's sales growth after its listing. At this time point, the bank believes that the company has a good investment opportunity. CICC's main views are as follows: steady sales volume in 3Q,
Express News | HP - Announced New HP Amplify Program for Partners, HP Amplify AI
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If You Invested $1000 In This Stock 5 Years Ago, You Would Have $2,100 Today