Goldman Sachs: Expect Nio, Inc. (09868) to outperform competitors in the first quarter of next year, target price raised to 96 Hong Kong dollars.

Wisdom Financial APP learned that Goldman Sachs released a research report stating that Xiaopeng Motors (09868, XPEV.US) achieved third-quarter performance in line with expectations this year, but fourth-quarter revenue guidance is expected to fall short of expectations, mainly due to slowing sales growth and intensifying market competition, leading to a 10% drop in stock price after the performance announcement. After extending the discounted cash flow (DCF) valuation by one year, Xiaopeng's 12-month target price for US stocks rose from $24 to $25, and the target price for Hong Kong stocks rose from HK$94 to HK$96; maintaining a "buy" rating.