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Bank of America Securities Sticks to Its Buy Rating for XPeng, Inc. ADR (XPEV)

Tipranks - Sat Feb 28, 2:28AM CST

Bank of America Securities analyst Ming-Hsun Lee reiterated a Buy rating on XPeng, Inc. ADR yesterday and set a price target of $24.00. The company’s shares closed yesterday at $17.76.

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According to TipRanks, Lee is a 4-star analyst with an average return of 17.5% and a 39.80% success rate. Lee covers the Consumer Cyclical sector, focusing on stocks such as Nio, XPeng, Inc. ADR, and WeRide.

Currently, the analyst consensus on XPeng, Inc. ADR is a Moderate Buy with an average price target of $27.10.

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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