Jefferies Sticks to Its Buy Rating for XPeng, Inc. ADR (XPEV)
In a report released today, Alexious Lee from Jefferies maintained a Buy rating on XPeng, Inc. ADR, with a price target of $30.00.
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According to TipRanks, Lee is a 4-star analyst with an average return of 45.9% and a 57.14% success rate.
In a report released on January 15, Macquarie also maintained a Buy rating on the stock with a $26.00 price target.
Based on XPeng, Inc. ADR’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $18.27 billion and a GAAP net loss of $477.75 million. In comparison, last year the company earned a revenue of $8.11 billion and had a GAAP net loss of $1.28 billion
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