Autonomous driving technology will take electric vehicles to the next level.
And it could be the catalyst for explosive growth in electric vehicle sales.
That’s why one German bank just issued an urgent BUY RECOMMENDATION on an EV stock.
Go here for my #1 EV Pre IPO – BEFORE Wall Street recommends the EV stock.
XPeng (NYSE: XPEV) is the subject of Thursday’s new research report.
Analysts at Deutsche Bank are issuing a “Catalyst Buy Alert.” That means the firm thinks the share price could rise very soon.
After electric vehicles took center stage for analysts in 2020, Deutsche Bank says that autonomous vehicles are set to take the spotlight in 2021.
XPeng is getting upgraded due to its progress with autonomous vehicles – also known as AVs. Deutsche Bank expects positive news from test drives of the XPeng’s AV technology.
The company is currently testing Level 3 autonomous driving. This means that the car can drive 100% on its own. However, the driver must be prepared to take over at any time.
Deutsche Bank rates XPeng as a BUY with a $58 price target.
Despite the bullish report . . .
The analyst doesn’t see much upside for the EV stock. XPeng shares are already trading at $57, leaving little upside according to the analyst.
Shares have already gained 29% year-to-date. And the EV stock is up 167% since August.
Wall Street analysts are largely focused on Tesla Motors (NASDAQ: TSLA) and the big Chinese EV stocks. However, they’re overlooking a whole new group of EV stocks.
My #1 EV battery stock for 2021 is preparing to go public. And my price target suggests that the stock could jump 460% AFTER the Initial Public Offering.
Yet Wall Street analysts will wait at least 25 days AFTER the IPO before issuing a recommendation.
That’s because the analysts at the big banks are forced to WAIT – due to an “IPO Quiet Period.”
Here’s the good news:
My research isn’t subject to these “quiet period” rules. And that means I’m 100% allowed to issue research BEFORE a company goes public.
This little-known Texas company is currently private. And it’s expected to go public in February.
Yet Wall Street is currently planning to invest $475 million in this Pre-IPO. Plus, regular investors like you and me can also jump into this deal.
In fact, I’ve already bought a stake in the Pre-IPO of this EV stock. And I’d like to reveal exactly how you can do the same.
No guarantees . . .
But my share price target suggests 460% upside potential. Other EV IPOs have seen even bigger gains – so anything is possible.
Yours in Wealth,