Morgan Stanley Remains a Buy on XPeng, Inc. ADR (XPEV)
Morgan Stanley analyst Tim Hsiao maintained a Buy rating on XPeng, Inc. ADR (XPEV – Research Report) on March 17 and set a price target of $12.00. The company’s shares closed last Friday at $8.84.
Hsiao covers the Consumer Goods sector, focusing on stocks such as Nio, XPeng, Inc. ADR, and Li Auto. According to TipRanks, Hsiao has an average return of -29.8% and a 15.22% success rate on recommended stocks.
In addition to Morgan Stanley, XPeng, Inc. ADR also received a Buy from Deutsche Bank’s Edison Yu in a report issued on March 14. However, on March 18, Citigroup maintained a Sell rating on XPeng, Inc. ADR (NYSE: XPEV).
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The company has a one-year high of $35.35 and a one-year low of $6.18. Currently, XPeng, Inc. ADR has an average volume of 17.02M.
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XPeng Inc. engages in designing, developing, manufacturing, and marketing smart electric vehicles primarily in China.The company also offers an autonomous driving software system, bank loans, vehicle leasing, and auto insurance services.
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