Fintel reports that on November 22, 2024, China Renaissance upgraded their outlook for XPeng (SEHK:9868) from Hold to Buy.
Analyst Price Forecast Suggests 17.55% Upside
As of November 21, 2024, the average one-year price target for XPeng is HK$55.66/share. The forecasts range from a low of HK$29.34 to a high of HK$121.99. The average price target represents an increase of 17.55% from its latest reported closing price of HK$47.35 / share.
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The projected annual revenue for XPeng is 66,074MM, an increase of 74.75%. The projected annual non-GAAP EPS is -4.08.
What is the Fund Sentiment?
There are 108 funds or institutions reporting positions in XPeng. This is an decrease of 9 owner(s) or 7.69% in the last quarter. Average portfolio weight of all funds dedicated to 9868 is 0.25%, an increase of 22.58%. Total shares owned by institutions increased in the last three months by 1.48% to 87,364K shares.
What are Other Shareholders Doing?
VGTSX – Vanguard Total International Stock Index Fund Investor Shares holds 18,122K shares representing 1.17% ownership of the company. In its prior filing, the firm reported owning 17,953K shares , representing an increase of 0.93%. The firm decreased its portfolio allocation in 9868 by 5.12% over the last quarter.
VEIEX – Vanguard Emerging Markets Stock Index Fund Investor Shares holds 16,909K shares representing 1.09% ownership of the company. In its prior filing, the firm reported owning 17,225K shares , representing a decrease of 1.87%. The firm decreased its portfolio allocation in 9868 by 5.51% over the last quarter.
IEMG – iShares Core MSCI Emerging Markets ETF holds 10,935K shares representing 0.71% ownership of the company. In its prior filing, the firm reported owning 10,474K shares , representing an increase of 4.21%. The firm decreased its portfolio allocation in 9868 by 2.27% over the last quarter.
MCHI – iShares MSCI China ETF holds 2,884K shares representing 0.19% ownership of the company. In its prior filing, the firm reported owning 3,246K shares , representing a decrease of 12.55%. The firm increased its portfolio allocation in 9868 by 11.99% over the last quarter.
EEM – iShares MSCI Emerging Markets ETF holds 2,845K shares representing 0.18% ownership of the company. In its prior filing, the firm reported owning 2,946K shares , representing a decrease of 3.55%. The firm decreased its portfolio allocation in 9868 by 1.70% over the last quarter.
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This story originally appeared on Fintel.
