HSBC Upgrades XPeng to Buy, Announces $22 Price Target
Portfolio Pulse from richadhand@benzinga.com
HSBC analyst Yuqian Ding has upgraded XPeng (NYSE:XPEV) from Hold to Buy and announced a price target of $22.
August 07, 2023 | 3:21 pm
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POSITIVE IMPACT
XPeng's stock has been upgraded to Buy from Hold by HSBC, with a new price target of $22.
The upgrade from Hold to Buy by HSBC indicates a positive outlook for XPeng. The new price target of $22 suggests that the analyst believes the stock has potential for growth. This could lead to increased investor interest and a potential rise in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100