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Citi is Bullish on XPeng Inc. (XPEV)
Yahoo Finance· 2026-02-20 16:05
Group 1: Company Performance and Projections - XPeng Inc. reported unaudited fourth-quarter results with sales of RMB20.38 billion, a gross margin of 20.1%, and a vehicle margin of 13.1% [3] - The company anticipates delivering 1,000 humanoid robots in the last quarter of the year [1] - Citi analyst Jeff Chung reduced XPeng's price objective from $28.40 to $27.60 while maintaining a Buy rating [1] Group 2: Market Analysis and Competitor Insights - JPMorgan trimmed its price objective for XPeng to $34 from $50 while retaining an Overweight rating, citing expectations of underperformance in China's auto industry in 2026 due to slowing passenger vehicle growth [2] - JPMorgan also reduced Li Auto's profitability projection to a loss due to lower sales volumes and margins [2] Group 3: Technological Advancements - XPeng implemented a start-and-stop charge payment feature on the XPENG App in Hong Kong, allowing users to scan charging pile QR codes, monitor charging sessions, and pay with AlipayHK [2]