Xpeng (XPEV)

Oct 14, 2022Trade Ideas

Xpeng (XPEV) was crushed over the last few weeks.

But don’t write it off. For one, after become so cheap, CEO Xiaopeng bought 2.2 million shares. Two, according to Barron’s, “XPeng stock is down more even though the company has done well in terms of deliveries. Through August, XPeng had delivered about 90,000 vehicles so far this year, up about 96% from the same period in 2021. NIO has delivered about 72,000, up about 28%, while Li has handed customers about 75,000, for an increase of 57%.”

Deutsche Bank analyst Edison Yu also has a “catalyst Buy call” on XPEV ADRs. This “catalyst call” is typically used to indicate a sense of urgency. The analyst has a $33 price target on XPEV


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