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Benzinga
Benzinga
Business
Rachit Vats

Why This Analyst Is Bullish On Tesla, Nio Rival Xpeng

Xpeng Li Tesla Inc. NIO Bo Pei XPEV NYSE Xpeng Inc Nasdaq

Chinese electric vehicle maker Xpeng Inc (NYSE: XPEV) is an attractive entry point at current levels as factors such as competition and supply chain constraints have been priced in, according to brokerage firm US Tiger Securities Inc.

The Xpeng Analyst: US Tiger Securities analyst Bo Pei has upgraded the stock to ‘buy’ from ‘hold’ but lowered the price target to $43 from $50, primarily on lower valuation comparisons.

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