One thing we could say about the analysts on XPeng Inc. ( NYSE:XPEV ) - they aren't optimistic, having just made a...
XPEV shares are trading lower by 4% today after the Bernstein analyst downgraded the stock. Bernstein analyst Eunice Lee downgraded XPeng Inc (NYSE: XPEV) from Outperform to Market Perform and lowered the price target from $16 to $12. Lee expects XPeng to face pressure from growing competition and therefore lowered sales volume outlook for P7/P7i, G9, G3i, and P5 models. Sales momentum could increase from Q3 with new launches, but concerns loom over the success of G6 following the disappointing