WS Investor
09 Sep 2026, 18:15
XPeng Stock Falls 2.9% as UBS Starts Coverage With Neutral Rating
XPeng (NYSE: XPEV) shares fell 2.9% to $10.62 on Wednesday as UBS initiated coverage of the Chinese electric-vehicle maker with a Neutral rating.
UBS set a $12 price target on XPeng, implying approximately 13% upside from the stock price shown.
The Neutral rating suggests UBS sees limited near-term upside despite setting its target above the current share price. The coverage comes as investors continue to assess XPeng’s growth prospects amid intense competition and pricing pressure across China’s electric-vehicle market.
XPeng (NYSE: XPEV) shares fell 2.9% to $10.62 on Wednesday as UBS initiated coverage of the Chinese electric-vehicle maker with a Neutral rating.
UBS set a $12 price target on XPeng, implying approximately 13% upside from the stock price shown.
The Neutral rating suggests UBS sees limited near-term upside despite setting its target above the current share price. The coverage comes as investors continue to assess XPeng’s growth prospects amid intense competition and pricing pressure across China’s electric-vehicle market.
