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3M Price Target Raised to $184.00/Share From $130.00 by UBS
3M Analyst Ratings
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Guosen Securities: Maintains xpeng-W 'outperform the market' rating. On the first day of the new model P7+ launch, orders exceeded 30,000 vehicles.
Guosen Securities released a research report stating that it maintains xpeng-W (09868) as an "outperform" rating in the broader market, considering the company's new models in the second half of the year represented by MonaM03 and P7+, the landing of the company's pure visual solution, penetration of high-end intelligent driving models into the market below 0.2 million, accelerating the realization of high-end intelligent driving parity, and the launch of more new models in the future. The company's operating cycle continues to improve, raising the company's revenue and profit forecasts, with estimated revenues of 46.9/88.5/118.1 billion yuan for 2024-2026, and net income of -6/-1.6/2.7 billion yuan. The report states, 11