Tiger Securities reduced its price target on XPeng Inc. to $15 from $20 on Monday, maintaining a Hold rating as the Chinese electric vehicle maker reported mixed second-quarter results and flagged a weaker near-term delivery outlook.
The brokerage cited XPeng’s adjusted loss per share of $1.29 in Q2 2026, well below the $0.29 loss expected by Wall Street, alongside revenue of $19.74 billion that missed estimates of $20.57 billion. While revenue rose 8% year-over-year and 51.5% sequentially, the company’s gross margin remained under pressure despite an improved consolidated margin, with high-margin services contributing disproportionately to profitability.
XPeng’s shares were trading at $11.19 on Monday, near a 52-week low of $11.49, reflecting investor caution amid ongoing losses. Tiger Securities emphasized limited visibility on monetizing robotics and physical artificial intelligence, despite progress toward commercialization in the humanoid robotics segment.
The analyst maintained a Hold rating while noting that Q3 vehicle deliveries are expected to be largely flat year-over-year, falling short of expectations. However, the brokerage anticipates an acceleration in Q4 driven by expanded capacity for the MONA L03, the launches of the G9L and MONA L05 models, and growth in overseas markets.
Tiger Securities highlighted historical examples from its ProPicks AI tool, including gains of 231.5% for Siemens Energy and 189% for Sandisk, as part of its broader investment research framework.
