Morgan Stanley released a research report believing that XPeng Inc. (XPEV.US) 's share price have a 70-80% probability to rise in 15 days. Morgan Stanley rated the stock at Overweight, with a target price of US$18.
Morgan Stanley believed that the weak YTD deliveries of XPeng Inc. have largely reflected in its share price. It is expected that the earlier-than-expected contribution of technical service fees from Volkswagen (VW) and the upcoming launch of XPeng Inc.'s new brand, MONA, will become near-term share price catalysts.
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