Jefferies analyst Johnson Wan upgraded XPeng to Hold from Underperform with a price target of $9.30, up from $4.20. The analyst cites strong sales of P7i and the company’s advanced driver assistance systems leadership for the upgrade. With the emergence of ChatGPT, customer demand for vehicle intelligence has increased, as evidenced by XPeng’s recent recovery, the analyst tells investors in a research note.
Published first on TheFly
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