Goldman Sachs cuts target to USD 16.00 for Xpeng stock

Published on 10/24/2026 at 18:54 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter deliveries reached 118,390, up 15.00 percent on October 1, 2026. Xpeng stock cost USD 9.21 on October 23, 2026.

Analyst target and reporting date

Goldman Sachs cut its XPeng target to USD 16.00 from USD 18.00 on October 23, 2026.
XPeng delivered 118,390 vehicles in the third quarter of 2026, up 15.00 percent from the prior quarter.
XPeng stock was last quoted at USD 9.21 on October 23, 2026, up 1.54 percent versus its prior NYSE close.
MarketBeat lists November 16, 2026 as the estimated next earnings date.

Xpeng, KYG982AW1003, Illustration mit AI erstellt.

XPeng Inc. (ISIN KYG982AW1003) faces a lower Goldman Sachs target of USD 16.00, down from USD 18.00, after the analyst note dated October 23, 2026. According to Markets Insider, Goldman Sachs kept its Buy rating. The target lies 73.72 percent above the last quoted NYSE price of USD 9.21 on October 23, 2026 at 4:00 p.m. ET, which was up 1.54 percent versus the prior NYSE close.

Deliveries set a high bar

XPeng reported 118,390 vehicle deliveries for the third quarter of 2026, up 15.00 percent from the prior quarter. Its September 2026 deliveries reached 41,256 vehicles, a 5.00 percent increase from August, according to the company's release dated October 1, 2026. The release also said monthly deliveries of the XPeng L03 exceeded 10,000 units.

Stock remains near its yearly low

XPeng's USD 9.21 price stood within a USD 9.01 to USD 28.24 52-week range on October 23, 2026. That placed the stock 2.22 percent above its yearly low and 67.40 percent below its yearly high. Trading volume reached 6,458,334 shares, while the market capitalization stood at USD 8.7 billion.

Losses shape the valuation picture

The quoted price-to-earnings ratio was negative 19.58 on October 23, 2026, reflecting negative earnings rather than a conventional earnings multiple. MarketBeat lists November 16, 2026 as the estimated next earnings date. The next report will give investors a new test of whether higher deliveries are translating into improved profitability.

Comparison with peers

Xpeng: up 1.54 percent, P/E negative 19.58, market capitalization USD 8.7 billion. NIO (NYSE, USD): down 0.30 percent, P/E negative 10.73, market capitalization USD 7.8 billion. Li Auto (NYSE, USD): down 0.70 percent, P/E negative 16.89, market capitalization USD 11.1 billion.

Target cut meets delivery momentum

Goldman Sachs reduced its target even as XPeng's third-quarter deliveries increased 15.00 percent sequentially. The combination leaves the November reporting date as the next scheduled point for testing the delivery-led recovery narrative.

XPeng stock was last quoted at USD 9.21 on October 23, 2026 at 4:00 p.m. ET, up 1.54 percent versus the prior NYSE close.