XPeng Likely To Report Wider Q4 Loss, Here's A Look At Recent Price Target Changes By Analysts

XPeng Inc. XPEV is expected to report its fourth quarter and fiscal year 2022 unaudited financial results before the opening bell on March 17, 2023.

Analysts expect the company to post a quarterly loss at $0.36 per share, higher than the loss of $0.22 per share in the year-ago period. The company’s revenue might come in at $834.05 million.

XPeng shares gained 2.8% to close at $8.33 on Thursday, and added 1.3% in after-hours trading.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how analysts have rated the company in the recent period.

• Daiwa Capital analyst Kelvin Lau downgraded the stock from Buy to Sell and cut the price target from $13 to $8 on Dec. 14, 2022. This analyst sees around 4% downside in the company’s stock and has an accuracy rate of 54%.
• Barclays analyst Jiong Shao maintained an Equal-Weight rating and slashed the price target from $22 to $8 on Oct. 28, 2022. This analyst sees around 4% downside in the company’s stock and has an accuracy rate of 61%.
• JP Morgan analyst Nick Lai downgraded the stock from Overweight to Neutral and cut the price target from $11 to $9 on Jan. 11, 2023. This analyst sees around 8% upside in the company’s stock and has an accuracy rate of 20%.
• Jefferies analyst Johnson Wan downgraded the stock from Hold to Underperform and cut the price target from $18.6 to $4.2 on Oct. 28, 2022. This analyst sees around 50% downside in the company’s stock and has an accuracy rate of 28%.
• Citigroup analyst Jeff Chung downgraded the stock from Buy to Sell with a price target of $3.18 on Oct. 28, 2022. This analyst sees around 62% downside in the company’s stock and has an accuracy rate of 29%.

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