BofA raised the firm’s price target on XPeng (XPEV) to $27 from $26 and keeps a Buy rating on the shares after the company held its 2025 XPeng AI Day to introduce “Physical AI” and unveiled four major AI-defined applications. Factoring in the latest volume sales, the firm lifts its 2025, 2026 and 2027 volume sales estimates by 0.2%, 0.2%, and 0.3%, respectively, and accordingly raises revenue estimates for those years, the analyst noted.
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