Citi: Lowers Xpeng target price to HK$29.8, maintains 'Neutral' rating.

GoldenOctober2024

2024-08-21 04:24:03

On August 21st, Citigroup released a report slightly raising its sales volume forecast for Xiaopeng Motors (09868.HK) from 2024 to 2026 by 1-3%, taking into account the pump factor of MONA sales. However, due to the dilution of the average selling price of MONA, the revenue forecast for 2024 to 2026 was lowered by 5-7%. The target price of Xiaopeng Motors was lowered from HK$32.2 to HK$29.8, maintaining a ‘neutral’ rating.

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