Bank of America Securities: Raises target price of Xpeng Motors-W (09868.HK) to 105 Hong Kong dollars, reiterates "buy" rating.

According to the WiseFinance app, Bank of America Securities released a research report stating that the new target price for Xpeng Motors-W (09868, XPEV.US) stock in the US is $27, up from the original target of $26; the target price for the Hong Kong stock has been raised from HK$101 to HK$105. The bank reiterated its "buy" rating because it sees strong vehicle launch plans for the company in the second half of 2025 to 2026.