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<Research>Nomura Keeps Buy on XPENG-W w/ TP Cut to HKD94, Optimistic on Long-term Physical AI Development
Recommend 8 Positive 7 Negative 2 |
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XPENG-W (09868.HK) has formed a business plan covering both short-term and long-term strategies, Nomura said in its research report. Supported by a relatively strong product line and dual powertrain strategy, XPENG-W is expected to maintain its advantage in the automotive market in 2026. It is also actively exploring the field of physical AI to drive its long-term growth. In Nomura's estimation, XPENG-W will turn profitable in FY27. The broker has lowered its target price for the carmaker from HKD113 to HKD94 but kept the Buy rating unchanged, citing expectations of its sustainable growth in the future. Looking ahead, XPENG-W plans to further ramp up its R&D investment in physical AI, which may impact its short-term profitability but will fortify long-term growth prospects. AAStocks Financial News |
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