XPENG-W (09868.HK)  -3.200 (-3.900%)    Short selling $690.76M; Ratio 29.473%   (XPEV.US)      announced its 1Q25 results after the market closed yesterday (21st). Its stock price gained traction today, with which it once surged by 10.2% intraday to a peak of HKD85.45. It last traded at HKD82.05, up 5.8%, on a turnover of HKD3.375 billion.

Among all those brokers, JPMorgan said that market forecasts for XPENG-W's results have already been raised by 23% YTD, in line with its early-year arguments and expectations that the share prices of XPENG-W, LEAPMOTOR (09863.HK)  +0.650 (+1.047%)    Short selling $47.55M; Ratio 6.724%   , BYD COMPANY (01211.HK)  +9.000 (+1.973%)    Short selling $1.51B; Ratio 32.446%   , and GEELY AUTO (00175.HK)  +0.200 (+0.995%)    Short selling $377.51M; Ratio 22.241%   will reflect the fundamentals of their earnings upgrades.

Related NewsBofAS Elevates LEAPMOTOR's TP to HKD78 w/ Higher Sales Forecasts
The table below lists the ratings and target prices for XPENG-W from seven brokers:

Broker│Investment Rating│Target Price
UOB Kay Hian│Buy│HKD150
JPMorgan│Overweight│HKD122
BOCI│Buy│HKD96 -> HKD120
BofA Securities│Overweight│HKD105 -> HKD113
CMBI│Buy│HKD110
CLSA│Outperform│HKD106
Goldman Sachs│Neutral│HKD64

Broker│View
UOB Kay Hian│1Q results beat, with a turnaround expected for 2026 with net profit of RMB1.098 billion
JPMorgan│Quarterly results beat, with momentum set to accelerate in 2H
BOCI│New product launches will drive sustained sales growth in 2H along with on-schedule profitability
Nomura│Solid quarterly results on strong deliveries
Citi│1Q earnings substantial
BofA Securities│New products predicted to boost GPM and product prices
CMBI│Firm is entering a virtuous cycle
CLSA│Quarterly GPM hit all-time high, while net loss narrowed more than expected
Morgan Stanley│Reiterating increased sales and GPM in 2H and a return to profitability in 4Q should lift market sentiment
Daiwa│GPM continued to improve
UBS│Quarterly results beat on one-off gains, but guidance was conservative
Goldman Sachs│Quarterly revenue and gross margin in line, while earnings beat on lower selling and administrative expenses
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-23 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

Related NewsBofAS Adds GEELY AUTO's TP to HKD21.6, Rating Buy