Xpeng ADRs Upgraded to Outperform on 7.9% Target Price Increase

McGarry has upgraded its rating for Xpeng Inc's American Depositary Receipts (ADRs) to "outperform" from "neutral," setting a target price of 24 dollars, which represents a 7.9% increase. This upgrade comes after Xpeng reported better-than-expected earnings and revenue for the first quarter of 2025, which was announced on May 21. The company's strong financial performance has likely contributed to the positive outlook from McGarry, which now expects Xpeng to outperform the broader market.

The target price of 24 dollars suggests that McGarry believes there is significant upside potential for Xpeng's ADRs in the near term. This upgrade is a vote of confidence in Xpeng's business model and its ability to execute on its growth strategy. The company's focus on innovation and its strong market position in the electric vehicle sector are likely to continue driving its performance in the coming quarters.

Xpeng's strong financial performance in the first quarter of 2025 has been a key driver of the upgrade. The company's earnings and revenue exceeded market expectations, demonstrating its ability to generate profits and grow its top line. This financial strength is likely to continue to support the company's stock price in the coming quarters.

Investors who are bullish on the electric vehicle sector may want to consider Xpeng as a potential investment opportunity, given its strong financial performance and positive outlook from analysts. The company's focus on innovation and its strong market position in the electric vehicle sector make it an attractive investment option for those looking to capitalize on the growth of the electric vehicle market.

McGarry's upgrade of Xpeng's ADRs to "outperform" is a significant development for the company and its investors. The upgrade reflects the positive outlook for the electric vehicle sector and Xpeng's strong financial performance. Investors who are bullish on the electric vehicle sector may want to consider Xpeng as a potential investment opportunity, given its strong financial performance and positive outlook from analysts.