XPeng shares are trading higher after Jefferies upgraded the stock from Hold to Buy and raised its price target from $7.8 to $25.3.
Portfolio Pulse from Benzinga Newsdesk
Jefferies has upgraded XPeng's stock from Hold to Buy and increased its price target from $7.8 to $25.3, leading to a rise in XPeng shares.
July 28, 2023 | 1:24 pm
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POSITIVE IMPACT
XPeng's stock has been upgraded by Jefferies from Hold to Buy, with a price target increase from $7.8 to $25.3. This has resulted in a positive impact on XPeng shares.
The upgrade from Jefferies is a strong positive signal for XPeng. It indicates that the analyst firm sees potential for the stock's price to increase, hence the upgrade to Buy and the significant increase in the price target. This news is likely to instill confidence in investors, leading to increased demand for the stock and a potential rise in its price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100