Reported 3 days ago
Macquarie has upgraded XPeng Inc. (NYSE:XPEV) from Neutral to Outperform, increasing its price target from $22 to $24 after the company reported a strong Q1 2025, with improved gross margins and reduced losses. XPeng's revenue for the quarter reached approximately $2.20 billion, marking a 159% increase in vehicle sales revenue year-over-year. With record deliveries and a pathway to profitability by Q4 2025, XPeng is positioned for growth with new models set to launch.
Source: YAHOO