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Xpeng stock forecast notes upcoming catalysts such as Q2

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Xpeng stock forecast notes upcoming catalysts such as Q2 earnings release and policy updates on NEV subsidies, which could trigger upward re-rating in analyst models. The most important thing to take away is that analysts cut their revenue estimates for this year. Analysts also expect revenues to grow faster than the wider market. Often, one downgrade can set off a daisy-chain of cuts, especially if an industry is in decline. So we wouldn't be surprised if the market became a lot more cautious on XPeng after today. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for XPeng. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Market watchers cite Xpeng stock forecast as optimistic with a 12-month target between $12–$14, contingent on continued success of G6 SUV segment and possible new model launches in