Goldman Sachs cuts XPeng price target by 33% but keeps Buy rating, sees 75% upside in 12 months.

Goldman Sachs lowered its price target for XPeng from $24 to $16, a 33% reduction, but maintained a Buy rating, expecting the stock to rise 75% over the next year. Despite XPeng shares falling over 55% year-to-date and facing challenges like high AI spending and weak demand in China, Wall Street remains optimistic about its shift from an EV maker to a broader AI company. The stock trades below its fair value and peers on a price-to-sales basis, suggesting potential for growth if XPeng can successfully commercialize its technology investments.

XPeng's stock price on Pluang is currently at USD 9.24 as of Oct 23, 2026 20:51 WIB, just above its 52-week low of USD 9.07 and significantly below its 52-week high of USD 28.07. This places the stock near the bottom of its yearly range despite the optimism from Goldman Sachs about a potential 75% rise over the next 12 months. The typical hold time on Pluang is 81 days, with a slightly higher sell activity at 57% compared to 43% buy orders, indicating cautious investor sentiment at this price level.