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<Research>Deutsche Bank Adds XPENG-W's TP to $110, Rating Buy
Recommend 9 Positive 24 Negative 6 |
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XPENG-W (09868.HK)'s 4Q24 performance was largely in line with expectations with a net loss remaining stable YoY at RMB1.33 billion and a YoY decrease of 20% in operating loss to RMB1.96 billion, according to a report from Deutsche Bank. The broker raised its 2025 full-year sales volume forecast for XPENG-W to 480,000 vehicles, including 68,000 G6s and 37,300 G9s. It also predicted the company's quarterly sales this year to reach 93,000/ 107,000/ 132,000/ 148,000 vehicles. Deutsche Bank lifted its target price for XPENG-W from $73 to $110 HKD, with a Buy rating. AAStocks Financial News |
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