XPeng Inc. (NYSE:XPEV) is one of the 10 oversold stocks offering high upside.
On June 1, XPeng Inc. (NYSE:XPEV) revealed results for its May 2026 vehicle delivery, which amounted to a total of 32,158 vehicles. This translates into a 4% jump relative to the previous month.
The electric vehicles delivered by the company from January to May 2026 are projected to reduce greenhouse gas emissions by at least 2 million tons compared with Internal Combustion Engine Vehicles (ICEVs). This reduction equals the carbon absorption estimates for more than 33 million young trees, over the course of 10 years.
Back on May 28, Citi reduced the price target on XPeng Inc. (NYSE:XPEV) from $25.60 to $22.50, leading to a revised upside potential in excess of 67% at the prevailing level. The firm maintained its Buy rating on the stock following the company's first-quarter results.
The firm attributed these adjustments to margin pressure brought on by rising battery and memory chip prices. According to Citi, XPeng plans to begin trial passenger operations for its robotaxi service sometime during the third quarter.
On June 1, XPeng Inc. (NYSE:XPEV) revealed results for its May 2026 vehicle delivery, which amounted to a total of 32,158 vehicles. This translates into a 4% jump relative to the previous month.
The electric vehicles delivered by the company from January to May 2026 are projected to reduce greenhouse gas emissions by at least 2 million tons compared with Internal Combustion Engine Vehicles (ICEVs). This reduction equals the carbon absorption estimates for more than 33 million young trees, over the course of 10 years.
Back on May 28, Citi reduced the price target on XPeng Inc. (NYSE:XPEV) from $25.60 to $22.50, leading to a revised upside potential in excess of 67% at the prevailing level. The firm maintained its Buy rating on the stock following the company's first-quarter results.
The firm attributed these adjustments to margin pressure brought on by rising battery and memory chip prices. According to Citi, XPeng plans to begin trial passenger operations for its robotaxi service sometime during the third quarter.
2 months ago
