---
title: "Daiwa upgraded XPeng's rating to \"Buy\" with a target price raised to $29"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/266483915.md"
description: "Daiwa upgraded XPeng's rating to \"Buy\" with a target price raised to $29"
datetime: "2025-11-19T06:00:40.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/266483915.md)
  - [en](https://longbridge.com/en/news/266483915.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/266483915.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/266483915.md) | [繁體中文](https://longbridge.com/zh-HK/news/266483915.md)


# Daiwa upgraded XPeng's rating to "Buy" with a target price raised to $29

Daiwa published a report stating that XPeng (09868.HK) will release its Q3 2025 financial report on November 17. Due to the continuous improvement in XPeng's gross margin and enhanced competitiveness in the fields of autonomous ride-hailing and humanoid robots, the rating has been upgraded from "Hold" to "Buy." The target price for XPeng (XPEV.US) in the US stock market has been raised from $24 to $29.

The report indicates that XPeng aims to achieve breakeven by Q4 2025. Benefiting from strong growth in new car sales and technology services, the company's Q3 revenue increased by 102% year-on-year to 20.4 billion RMB. The gross margin reached 20.1%, an increase of 4.8 percentage points compared to the same period last year and an increase of 2.8 percentage points compared to the previous quarter, with a net profit of 381 million RMB

### Related Stocks

- [XPeng Inc. (XPEV.US)](https://longbridge.com/en/quote/XPEV.US.md)
- [XPENG-W (09868.HK)](https://longbridge.com/en/quote/09868.HK.md)

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