Xpeng after results: What's your target price?

【Key Points】Xpeng's vehicle deliveries rise nearly 100% YOY, but its EPS misses estimates. XPEV stock traded lower and closed at $18.73 (-10.8%). 【Topic】What's your target price on XPEV after quarterly results? Why?

User Discussion

avatarHanchuan
2022-08-30
avatarStickyRice
2022-08-29
$XPeng Inc.(XPEV)$XPeng stock drops as Macquarie downgrades on midsize market slowdownXPeng (NYSE:XPEV) downgraded the stock by Macquarie from outperform to neutral and slashed target prices by 35% to $25 citing midsize market slowdown.In its analysis of China's compact, midsize and affordable luxury NEV market, Macquarie found that the midsize high-tier segment - Xpeng's core market segment, posted the lowest growth rate in 1H22, mainly due to its already high 32% penetration rate. Within the midsize market, plug-in hybrid (PHEV) sales outperformed.Macquarie attributed this decline to BYD's (OTCPK:BYDDF) strong market presence and more competitive models by OEMs in the market. Analysts wrote, "While we expected XPeng (XP
avatarStickyRice
2022-08-28
XPeng: Short-Term Headwinds Create MispricingXPeng (NYSE:XPEV) $XPeng Inc.(XPEV)$has reported its Q2 2022 earnings, which were acceptable, but once again provided weak guidance for the next quarter, showing that external factors continue to impact its business prospects in the short term. However, long-term prospects remain positive, and its valuation remains undemanding, thus XPeng remains a good long-term play in the EV sector.While the past few months have been rough for the auto sector in China, due to COVID 19-related lockdowns that have affected car sales, XPeng was able to deliver more units than it was expecting when it reported Q1 earnings. Indeed, while XPeng's guidance was for 31,000-34,000 vehicle deliveries i
avatarStickyRice
2022-08-27
XPeng is viewed cautiously by analysts with EV competition heating upXPeng (NYSE:XPEV)$XPeng Inc.(XPEV)$ is being closely watched after revenue and deliveries guidance disappointed analysts and investors.Barclays downgraded XPEV to an Equal Weight rating after having it set at Overweight. Analyst Jiong Shao said that while Q2 results were solid, the Chinese electric vehicle maker provided much weaker guidance than expected. With execution risks heightened ahead of XPeng's G9 rollout, the firm turned cautious with a move to the ratings sidelines.Shao also warned that the competitive environment has worsened for XPEV as more auto makers have introduced competing models in the similar price rangeNomura analyst Martin Heung a
avatarCdbb
2022-08-26
avatarOvaline
2022-08-25
avatarStickyRice
2022-08-25
XPeng is viewed cautiously by analysts with EV competition heating upXPeng (NYSE:XPEV)$XPeng Inc.(XPEV)$ is being closely watched after revenue and deliveries guidance disappointed analysts and investors.Barclays downgraded XPEV to an Equal Weight rating after having it set at Overweight. Analyst Jiong Shao said that while Q2 results were solid, the Chinese electric vehicle maker provided much weaker guidance than expected. With execution risks heightened ahead of XPeng's G9 rollout, the firm turned cautious with a move to the ratings sidelines.Shao also warned that the competitive environment has worsened for XPEV as more auto makers have introduced competing models in the similar price rangeNomura analyst Martin Heung a
avatarwillbeback1
2022-08-25
avatarStickyRice
2022-08-24
Xpeng drops as Q3 forecast falls short of expectationsXpeng (NYSE:XPEV) $XPeng Inc.(XPEV)$fell around -9% Tuesday after it posted Q2 earnings that missed estimates and issued lower-than-expected guidance for the next quarter deliveries.Revenues managed to beat estimates, rising 98% Y/Y to $1.11B as deliveries jumped the same amount to 34,422 units. This included 15,983 deliveries of the P7 sports sedan and 12,848 deliveries of the P5 family sedan. also continued its sales network expansion with 388 stores in 142 cities at the end of June 2022. Its self-operated charging station network also expanded to 977 stations, including 793 supercharging stations and 184 destination charging stations.Yet gross and vehicle margins sl
avatarpekss
2022-08-24
$XPeng Inc.(XPEV)$reported a second-quarter loss that is wider than they expected by the market, sending its stock price plunging slmost 11% overnight, and dragging the other Chinese EV makers along.Its EV deliveries have fallen way short on theback of a slowdown in the Chinese economy.I expect more downside on its stock price which may retest its 52-week low of $18, especially if market sentiments turn for the worse as the Fed continues to hike interest rates.The rising rates are going to increase the borrowing costs of Xpeng in order to sustain growth, and put pressure on its valuation made up mostly of distant cash flows, as the company is still highly unprofitable.Hence, I prefer to watch on the sideline. In fact, I prefer&
avatarMonaCurme
2022-08-24

XPeng Dives As China EV Startup Misses On Earnings, Guidance

XPeng(XPEV), the China-based electric-vehicle startup and aspiringTesla(TSLA) challenger, reported a greater-than-expected loss while narrowly topping revenue expectations Tuesday. While the vehicle deliveries ballooned in July, XPeng gave weak Q3 deliveries and revenue guidance.XPEV stock dived Tuesday to a five-month low.The EV manufacturer has its operations in China, with offices in Mountain View, Calif. Since going public in 2020, it has weathered a struggling economy, Covid lockdowns, government crackdowns on tech companies and recent power restrictions in key provinces.XPEV peers includeNio(NIO),Baidu(BIDU),Li Auto(LI) andBYD Co.(BYDDF). All are major EV market players in China, and all are becoming more serious rivals to Tesla for EV segment dominance in China.XPeng EarningsEstimat
XPeng Dives As China EV Startup Misses On Earnings, Guidance
avatartheloy
2022-08-24
$XPeng Inc.(XPEV)$10% drop in a single trading day. 
avatarSharonWon
2022-08-24
$XPeng Inc.(XPEV)$XPeng Motors on Tuesday reported second-quarter revenue that beat expectations but gave yet another discouraging guidance for the next quarter.The company guided for third-quarter deliveries of 29,000 to 31,000 units, below consensus estimates of 36,000, Deutsche Bank analyst Edison Yu said in a research note sent to investors on Tuesday."Even if we embed some degree of conservatism, this suggests further demand deterioration in Aug/Sep on a sequential basis," the note reads.This is largely due to greater than expected competitive pressure and deemphasis on lower-margin products, including XPeng P5 and G3, Yu said.
avatarJohnL
2022-08-24
$XPeng Inc.(XPEV)$government will not let you sink