CICC raises price target on Xpeng, says EV maker undervalued in four fronts
CICC raised its price target on Xpeng to $45, saying the pace of the City NGP launch is expected to be a core catalyst for its share price rise.
Citi cuts price target on Nio as bank changes valuation approach to China’s EV sector
Citi lowered its price target on Nio to $41.1 from $87 and raised its price targets on BYD, Xpeng, and Li Auto, continuing to name Nio and BYD…
Nio’s product supercycle looks intact, says Deutsche Bank
"Looking ahead, we can envision the stock outperforming in the 2H of the year at the very least on a relative basis," Deutsche Bank analyst…
CITIC Securities sees BYD’s fair market cap at RMB 1.4 trillion
CITIC Securities was one of a handful of China-based brokerages last year that believed BYD's market capitalization would reach 1 trillion…
Kaiyuan Securities initiates coverage on Nio with ‘Outperform’ rating, says new models will drive sales growth
The analyst expects Nio to deliver 140,000, 200,000 and 270,000 units from 2022-2024, respectively.
Xpeng making bold strategic pivots that should bear fruit longer term, says Deutsche Bank
Xpeng's management is repositioning its vehicle lineup to surgically go after the premium market, according to Edison Yu's team.
BofA upgrades rating on Nio from Neutral to Buy
BofA raised its price target on Nio from $25 to $26, believing negative factors seen are priced in.
Deutsche Bank lowers price target on Li Auto to $28 ahead of Q1 results
Edison Yu's team lowered their price target on Li Auto by $6 to $28, based on 3.0x 2023E EV/Sales, down from 3.5x previously.
Xpeng stock could see relief rally with April monthly sales, says Deutsche Bank
Xpeng's production and logistics appear to be the least affected by the Shanghai lockdown, and supply chain management also appears to be more…
Guosen Securities initiates coverage on Nio with Overweight rating
The analyst expects Nio to post a net loss of 7.3 billion yuan this year, a loss of RMB 4.4 billion next year, and a profit of RMB 800 million…