XPeng Inc. (XPEV) shares plunged 5.14% in the pre-market trading session on Thursday as the electric vehicle maker faced bearish sentiment from analysts.
Barclays analyst Jiong Shao maintained a Sell rating on XPEV and set a price target of $7, which is significantly below the stock's current trading price. The analyst's bearish view and low price target likely contributed to the pre-market selloff in XPeng's shares.
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