Goldman Sachs Lifts XPeng (XPEV) Target to $25, Keeps Buy Rating

XPeng Inc. (NYSE:XPEV) is one of the Chinese tech stocks to buy now. On November 19, Goldman Sachs raised its price target on XPeng Inc. (NYSE:XPEV) stock from $24 to $25, keeping a Buy rating. The investment bank expects stronger sales performance for XPeng in early 2026 – this is after XPeng launches extended-range electric vehicle (EREV) versions of the G6, G7, and P7+ models. Goldman stated that pre-order data for the X9 EREV suggests the new versions could generate three times more orders than standard battery electric vehicles. As such, the firm expects XPeng’s revenue to grow 40% in 2026 on the back of the new models as well as steady revenue from its Volkswagen partnership.

A day before Goldman Sachs’ action, Bernstein SocGen Group reaffirmed its Market Perform rating on the stock. The analysts also kept a $21 price target on XPeng shares. Unlike Goldman, Bernstein’s analysis dwelt on XPeng’s Q3 2025 financial performance, where the company exceeded analyst projections on several metrics. However, Bernstein is of the opinion that XPeng’s Q4 revenue guidance was softer than expected: XPeng expects the quarter’s revenue to fall in the RMB 21.5 billion to RMB 23.0 billion range, a 33.5% to 42.8% growth year-over-year. Nonetheless, Bernstein agreed with Goldman Sachs that XPeng’s higher-margin service revenue from its Volkswagen partnership and the new X9 EREV model launched in November 2025, will support profitability goals.

XPeng Inc. (NYSE:XPEV) is a Chinese smart electric vehicle manufacturer. The company designs and produces intelligent EVs. XPeng also develops proprietary autonomous driving software, advanced driver-assistance systems, and AI-powered smart cockpits.

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Disclosure: None. This article is originally published at Insider Monkey.