CLSA downgraded XPeng to Outperform from Buy with a price target of $13.10, up from $10. Xpeng launched its G6 model on June 29 with the official price starting from Rmb 209,900. The analyst expects G6 could reach 10,000 monthly sales units, helping Xpeng’s sales return to 15,000 units per month in Q3. However, citing still some uncertainty on the increase of G6 capacity, CLSA downgrades XPeng to Outperform.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on XPEV: