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Deutsche Bank Elevates Xpeng Inc W to 'Buy' Rating with HK$110 Target Price
2025-03-24 /
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Author：小编
Deutsche Bank has upgraded its rating on Xpeng Inc W to 'Buy' with a target price of HK$110. The company's Q4 FY2024 results surpassed expectations, with order volumes exceeding forecasts. As a result, Deutsche Bank has revised its full-year sales forecast upwards to 480,000 units, which includes 68,000 units of the G6 model and 37,300 units of the G9 SUV model. Additionally, the bank anticipates that Xpeng will achieve a net profit of RMB 627 million in FY2025.
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