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<Hindsight>Brokers' Latest TPs & Views on XPENG-W Post-Results
Recommend
30
Positive
65
Negative
28
XPENG-W (09868.HK) (XPEV.US) announced its 1Q25 results after the market closed yesterday (21st). Its stock price gained traction today, with which it once surged by 10.2% intraday to a peak of HKD85.45. It last traded at HKD82.05, up 5.8%, on a turnover of HKD3.375 billion.

Among all those brokers, JPMorgan said that market forecasts for XPENG-W's results have already been raised by 23% YTD, in line with its early-year arguments and expectations that the share prices of XPENG-W, LEAPMOTOR (09863.HK), BYD COMPANY (01211.HK), and GEELY AUTO (00175.HK) will reflect the fundamentals of their earnings upgrades.

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The table below lists the ratings and target prices for XPENG-W from seven brokers:

Broker│Investment Rating│Target Price
UOB Kay Hian│Buy│HKD150
JPMorgan│Overweight│HKD122
BOCI│Buy│HKD96 -> HKD120
BofA Securities│Overweight│HKD105 -> HKD113
CMBI│Buy│HKD110
CLSA│Outperform│HKD106
Goldman Sachs│Neutral│HKD64

Broker│View
UOB Kay Hian│1Q results beat, with a turnaround expected for 2026 with net profit of RMB1.098 billion
JPMorgan│Quarterly results beat, with momentum set to accelerate in 2H
BOCI│New product launches will drive sustained sales growth in 2H along with on-schedule profitability
Nomura│Solid quarterly results on strong deliveries
Citi│1Q earnings substantial
BofA Securities│New products predicted to boost GPM and product prices
CMBI│Firm is entering a virtuous cycle
CLSA│Quarterly GPM hit all-time high, while net loss narrowed more than expected
Morgan Stanley│Reiterating increased sales and GPM in 2H and a return to profitability in 4Q should lift market sentiment
Daiwa│GPM continued to improve
UBS│Quarterly results beat on one-off gains, but guidance was conservative
Goldman Sachs│Quarterly revenue and gross margin in line, while earnings beat on lower selling and administrative expenses

Related NewsHTSC Elevates LEAPMOTOR (09863.HK) TP to $81.15, Keeps Rating at Buy

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