Macquarie Reinstates Neutral on XPeng, Announces $7 Price Target
Portfolio Pulse from Benzinga Newsdesk
Macquarie analyst Eugene Hsiao reinstated XPeng (NYSE:XPEV) with a Neutral rating and set a $7 price target.

April 15, 2024 | 12:02 pm
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NEUTRAL IMPACT
Macquarie analyst Eugene Hsiao reinstated coverage on XPeng with a Neutral rating and a $7 price target.
The reinstatement of XPeng by Macquarie with a Neutral rating and a specific price target suggests a balanced view on the stock's future performance. The announcement of a $7 price target indicates a valuation assessment by the analyst, which could influence investor sentiment and potentially stabilize the stock price around this target in the short term. However, since the rating is Neutral, it does not strongly suggest a significant upward or downward movement, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100