XPeng (XPEV) is Amongst the 10 Oversold Stocks That Look Attractive

XPeng Inc. (NYSE:XPEV) is one of the 10 oversold stocks offering high upside.

On June 1, XPeng Inc. (NYSE:XPEV) revealed results for its May 2026 vehicle delivery, which amounted to a total of 32,158 vehicles. This translates into a 4% jump relative to the previous month.

The electric vehicles delivered by the company from January to May 2026 are projected to reduce greenhouse gas emissions by at least 2 million tons compared with Internal Combustion Engine Vehicles (ICEVs). This reduction equals the carbon absorption estimates for more than 33 million young trees, over the course of 10 years.

Back on May 28, Citi reduced the price target on XPeng Inc. (NYSE:XPEV) from $25.60 to $22.50, leading to a revised upside potential in excess of 67% at the prevailing level. The firm maintained its Buy rating on the stock following the company’s first-quarter results.

The firm attributed these adjustments to margin pressure brought on by rising battery and memory chip prices. According to Citi, XPeng plans to begin trial passenger operations for its robotaxi service sometime during the third quarter.

XPeng Inc. (NYSE:XPEV) manufactures and sells smart electric vehicles for the Chinese market. The company offers G6, MONA M03, P7 and P7i, Next P7, P7+, XOS Tianji, and SEPA 2.0. It also offers services related to sales contracts, maintenance, technical support, and auto financing.

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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