2021-01-19 07:11:50 XPEV XPeng
01/19/21 01/1907:11 01/19/2107:11 | Xpeng initiated with a Hold at JefferiesJefferies analyst Alexious Lee initiated coverage of Xpeng with a Hold rating and $54.40 price target. While the company has "very strong exposure to tech-driven growth" from accelerating sales of P7 and its next Lidar equipped model, Lee's FY21 forecast of 120% sales growth is lower than consensus, the analyst noted. However, Lee's FY22 forecast of 129% is higher given expectations for slower market acceptance and higher competition in its price segment. |
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