Why XPeng (XPEV) Shares Fell Today
Portfolio Pulse from Henry Khederian
XPeng Inc's shares fell after Barclays downgraded the stock from Equal-Weight to Underweight and lowered its price target from $8 to $6 following the company's Q1 financial results. XPeng reported a loss of 37 cents per share and sales of $587.31 million, missing analyst estimates.
May 25, 2023 | 8:22 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
XPeng shares fell after a Barclays downgrade and lowered price target following disappointing Q1 financial results, missing analyst estimates.
XPeng's Q1 financial results missed analyst estimates, with a loss of 37 cents per share and sales of $587.31 million. This led to a downgrade by Barclays and a lowered price target, which negatively impacted the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100