XPENG Stock Forecast 2023: Is XPENG a Good Buy?
XPENG Stock Forecast 2023: The XPENG Stock Prediction for the next 12 months is lowered to $11.3.
XPENG Stock: Latest Price
XPENG Stock Performance
- 1 M: -7.9%
- 6 M: -41.2%
- 12 M: -65.6%
XPENG Stock Price Prediction for the next 12 months
| Average XPENG Stock Forecast | $11.3 |
| JP Morgan | $9 |
| Daiwa Capital | $8 |
| HSBC | $15 |
| China Renaissance | $11.3 |
| UBS | $13 |
XPENG Stock Forecast Today: Buy or Sell
| Overall Outlook | Neutral |
| 1. Market's Wisdom | Partially Positive |
| 1a. Market Data | Neutral |
| 1b. Technical Recommendation | Buy |
| 2. Crowd's Wisdom | Neutral |
| 2a. Social Media Buzz | Steady |
| 2b. Social Media Sentiment | Neutral |
XPENG Stock Forecast Today
Also Read: Rivian Stock Forecast 2022
XPENG Stock Forecast 2023: Earnings Summary
Quarter 1 2022
- The first quarter’s revenue was $1,176.0 million which represented a 152.6% YoY increase.
- The EPS was $-2 which was less than the previous quarter at $2.
- This Quarter, XPENG boasts a high amount of vehicle deliveries – 34,422 in Q2, a 98% YoY increase.
- The CEO commented on the robust demands for their EVs this quarter and mentioned a focus on ADAS i.e. advanced driver-assistant system
Quarter 2 2022
- The revenue of the company decreased from $1.17B (Q1) to $1.12B (Q2). This happened with a YoY of
93.06 %(Q2) as compared to 157.83% YoY (Q1). - EPS for Q3 stands at -0.48 as compared to -0.31 (Q1), with a YoY growth rate of -121.17% (Q2) as
compared to -121.78% (Q1). - Gross margin was 10.9% for the second quarter of 2022, compared with 11.9% for the same period of
2021 and 12.2% for the first quarter of 2022. - Vehicle margin, which is the gross profit of vehicle sales as a percentage of vehicle sales revenue, was
9.1% for the second quarter of 2022, compared with 11.0% for the same period in 2021 and 10.4% for
the first quarter of 2022. - Net loss was RMB2,700.9 million (US$403.2 million) for the second quarter of 2022, compared
with RMB1,194.6 million for the same period of 2021 and RMB1,700.8 million for the first quarter of
2022. - Segment wise revenue details:Vehicle sales: $1,035,890, Services and others: $74,327
Quarter 3 2022
| (CNY) | Sep-22 | Y/Y |
| Revenue | 6.82B | 19.29% |
| Net income | -2.38B | 48.99% |
| Diluted EPS | – | – |
| Net profit margin | -34.82% | 24.89% |
| Operating income | -2.18B | 20.76% |
| Net change in cash | – | – |
| Cash on hand | – | – |
| Cost of revenue | 5.9B | 20.44% |
XPENG will release the Earnings for the final quarter of 2022 on March 17th, 2022.
XPENG Stock Forecast 2023: Bull Case
Revenue Growth: XPENG has reported healthy revenue in 2022. The company reported YoY growth in the first three quarters of 2022.
Innovative technology: Xpeng is known for its innovative technology, including its autonomous driving capabilities, which are among the most advanced in the Chinese EV market. The company has also developed a proprietary operating system for its vehicles, which provides a seamless user experience and helps differentiate its products from those of its competitors.
Favorable industry trends: The EV industry is expected to continue to grow rapidly in the coming years, driven by factors such as government incentives, increasing consumer demand, and the need to reduce carbon emissions. Xpeng is well-positioned to benefit from these trends, as it has a strong brand, innovative technology, and a growing customer base.
XPENG Stock Forecast 2023: Bear Case
Competition: Xpeng operates in a highly competitive market, with several established players, including Tesla, NIO, and Li Auto, offering similar products and services. This competition could put pressure on the company’s market share, pricing, and profitability.
Regulatory risks: Xpeng’s business is subject to various regulations and environmental standards, which could change over time and could affect the company’s operations and financial performance. Changes in regulations could increase compliance costs or limit the adoption of EVs in certain regions, which could negatively impact Xpeng’s growth potential.
Limited operating history: Xpeng is a relatively new company, having only been founded in 2015. As a result, the company has a limited operating history, which makes it difficult to evaluate its long-term growth potential and profitability.
XPENG Stock Forecast 2023: XPENG VS NIO
Rival firms XPENG and NIO have been competing closely in the Chinese market. They have also been close in stock market competition. Nio was able to deliver 7000 vehicles in May whereas XPENG managed 10,125. The target for both the stocks is very similar as well – For XPENG it is $39.6 and for NIO, it is $34. However, XPENG is much more volatile than NIO at a beta of 5.4 whereas for NIO it is just 2.5.
Financially, NIO is stronger. For Q1, NIO had revenue of $9.9B and XPENG reported $7.5B. The EPS for NIO is $-0.8 which was a surprise of 31.7%. The EPS of XPENG was $-2.0. It is worth noting that both of them have Zack’s rating of “Hold” and both fall into the bottom 19% of the industry.
Given higher revenue and less volatility, NIO seems a better bet out of both stocks.
Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.
