Morgan Stanley: Raises XPENG-W target price by 6.9% to HKD 108, rating "Overweight"
Morgan Stanley released a research report stating that it has raised the target price for XPeng-W from HKD 101 to HKD 108, an increase of 6.9%, while the target price for XPeng's U.S. stock has been raised from USD 26 to USD 28, an increase of 7.7%, with an investment rating of "Overweight." Morgan Stanley indicated that despite ongoing competitive risks and the excellent stock performance year-to-date potentially exacerbating short-term volatility, the firm remains optimistic about XPeng's model reserves and artificial intelligence (AI) initiatives, making the G7 equipped with Turing chips and L3 autonomous driving capabilities a pioneering breakthrough. Morgan Stanley stated that given the positive pipeline feedback for the G7 and the robust order volume for Mona Max, it has raised XPeng's sales forecasts for 2025-2027 by 5-8%, and expects the net profit to break even in 2026 (previously 2027). The firm anticipates that XPeng's earnings per share will narrow by 1% in 2025, turn positive in 2026, and increase by 6% in 2027
According to the Zhitong Finance APP, Morgan Stanley has released a research report stating that it has raised the target price for XPeng-W (09868) from HKD 101 to HKD 108, an increase of 6.9%. The target price for XPeng's U.S. stock (XPEV.US) has been raised from USD 26 to USD 28, an increase of 7.7%, with an investment rating of "Overweight."
Morgan Stanley stated that despite ongoing competitive risks and the excellent stock price performance year-to-date potentially exacerbating short-term volatility, the firm remains optimistic about XPeng's model reserves and AI-related initiatives, making the G7, equipped with Turing chips and L3 autonomous driving capabilities, a pioneering breakthrough.
Morgan Stanley noted that given the positive pipeline feedback for the G7 and the robust order volume for Mona Max, it has raised XPeng's sales forecasts for 2025-2027 by 5-8%, and expects the net profit to break even in 2026 (previously 2027). The firm anticipates that XPeng's earnings per share will narrow by 1% in 2025, turn positive in 2026, and increase by 6% in 2027
