XPeng (XPEV) Downgraded by Two Firms

XPeng Inc. (NYSE:XPEV) is one of the 10 Best Car Stocks to Buy in 2026. On March 23, Macquarie downgraded its rating on XPeng Inc. (NYSE:XPEV) from Outperform to Neutral and reduced its price target from $24 to $19 on the stock.

Macquarie pointed to uncertainty around XPeng Inc.’s (NYSE:XPEV) volume growth for this year. Analyst Eugene Hsiao said that the stock usually performs well when the company launches a clear hit product like the P7+ or Mona M03. However, the research firm believes that it is still too early to know if the upcoming GX or new Mona SUV series will have the same effect. Macquarie also cut its fiscal 2026 unit volume estimate by 7% for XPeng Inc. (NYSE:XPEV), citing weak early demand.

XPeng (XPEV) Downgraded by Two Firms

Earlier, on March 20, US Tiger Securities also downgraded its rating on XPeng Inc. (NYSE:XPEV) from Buy to Hold and set a price target of $20 on the stock.

The research firm pointed to the company’s strong results in Q4 2025. XPeng Inc. (NYSE:XPEV) reported total revenue of RMB22.25 billion, up 38% year-over-year. The company also reported that gross margin improved to 21.3%, an increase of 6.9 percentage points year-over-year.

XPeng Inc. (NYSE:XPEV) is a leading Chinese company that designs, develops, manufactures, and markets smart electric vehicles (EVs) for technology-savvy middle-class consumers.

While we acknowledge the risk and potential of XPEV as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than XPEV and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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