Guosheng Securities: Maintains a "buy" rating on Xpeng Motors-W (09868.HK) with a target price of HK$126.

According to the Wise Finance APP, Guosheng Securities released a research report stating that it is optimistic about the strong product cycle, overseas expansion, further advancement in intelligent driving, and new emerging business opportunities such as robots/Robotaxis of Xiaopeng Motors-W (09868.HK). The firm expects the company's sales volume to reach approximately 450,000/680,000/1,010,000 units in 2025-27, with total revenue reaching 80.6/133.3/188.5 billion yuan, and non-GAAP net profit margins of -1.5%/3.4%/5.2%. The target price is 126 Hong Kong dollars and $32.4. Additionally, the company's other growth curves have the potential to gradually be incorporated into the valuation system as the product progresses, maintaining a "buy" rating. Xiaopeng Motors will announce a "major breakthrough" in the field of physical AI at this year's AI Technology Day, and the Xiaopeng World Base Model has made "significant progress" in its ability to simulate the world.