What's Going On With XPeng Stock Today?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 15 2024
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Source: Benzinga
Stock Performance: XPeng Inc. shares are down 2.28% to $11.38 amid concerns over China's economic stimulus and disappointing export figures, with the stock losing over 25% in value over the past year.
New Product Launch: The company has launched its new electric sedan, the P7+, which received over 30,000 pre-orders within less than two hours of its release, aiming to compete in the RMB 300,000 price range while being priced lower than Tesla's Model 3 in China.
Analyst Views on DRIV
Wall Street analysts forecast DRIV stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DRIV is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 33.140
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Current: 33.140
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
