智通财经APP获悉,招商证券发布研报称,给予小鹏汽车-W(09868)“增持”评级,维持目标价92港元。该行认为当前公司仍有较大预期差,为行业首选之一,市场低估智驾大潮对小鹏的催化效应,一致预期或持续上调。
招商证券指,小鹏经历两年内部变革后,体系成熟度深化,体现在新品成功率提高,产品周期更长且更稳定,销量爆发及盈利改善双击将提升估值水平。该行预计小鹏本轮产品强周期会持续两年,第一季推改款G6与G9,第二季上新款G7和Mona03MAX,第三季发P7,第四季增程车上市,明年全部车型均推出增程版。销量快速攀升令公司年内可实现季度盈亏平衡。
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