TSLA Tapped with Price Target Hike, XPEV Slides, GAP Upgrade Before Earnings

Tesla - Tesla's stock is experiencing a slight decline of about 1% despite Stifel raising its price target from 483 to 508, indicating over 20% upside potential from the previous closing level [1][2] - The increased conviction in Tesla's stock is attributed to stronger Q3 results, with revenue exceeding 28 billion, and advancements in Full Self-Driving (FSD) capabilities and robo-taxi progress [2][4] - Tesla is expanding operations in Austin and the Bay Area, with plans to reach nearly a dozen metro areas by the end of the year, which is seen as a positive factor for future growth [3][4] Xpeng - Xpeng reported an adjusted EPS loss of 2 cents, significantly better than the expected loss of 23 cents, with revenue at 2.86 billion, aligning with expectations [5][6] - Vehicle deliveries surged by 149% year-over-year, and gross margin exceeded 20%, but concerns about guidance and ongoing price wars with Chinese EV makers are affecting investor sentiment [6][7][9] - Xpeng's forecasted revenue for Q4 is between 3 to 3.25 billion, which is below analyst expectations of approximately 3.6 billion, highlighting challenges in profitability due to competitive pricing strategies [8][9] Gap - Gap received an upgrade from Barclays, raising its rating to overweight from equal weight and increasing the price target from 19 to 30, indicating bullish sentiment [12] - The company is expected to report earnings on November 26, with optimism surrounding its turnaround strategy under CEO Richard Dixon, focusing on product innovation and targeted marketing [13][14]