---
title: "Goldman Sachs: Maintains \"Buy\" rating on XPENG-W, lowers target price to HKD 41"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/212142662.md"
description: "Goldman Sachs released a research report stating that it maintains a \"buy\" rating on XPENG-W, adjusting the non-GAAP net profit forecast for 2024 to 2026 from an expected loss of RMB 5.4 billion, RMB 6.9 billion, and RMB 5.1 billion to a loss of RMB 6.4 billion, RMB 6.9 billion, and RMB 5.6 billion, reflecting lower third-quarter sales guidance, higher gross profit margin due to cost reductions, and higher forecasted operating expenses in the second half of the year. The target price is reduced by 13% to HKD 41"
datetime: "2024-08-21T11:24:33.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/212142662.md)
  - [en](https://longbridge.com/en/news/212142662.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/212142662.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/212142662.md) | [繁體中文](https://longbridge.com/zh-HK/news/212142662.md)


# Goldman Sachs: Maintains "Buy" rating on XPENG-W, lowers target price to HKD 41

Goldman Sachs released a research report stating that it maintains a "buy" rating on XPENG-W, adjusting the forecasted non-GAAP net profit for 2024 to 2026 from an expected loss of RMB 5.4 billion, RMB 6.9 billion, and RMB 5.1 billion to a loss of RMB 6.4 billion, RMB 6.9 billion, and RMB 5.6 billion, to reflect the lower third-quarter sales guidance, higher gross profit margin due to cost reductions, and higher forecasted operating expenses in the second half of the year. The target price is reduced by 13% to HKD 41

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