Li Auto Stock Has 82% Upside, According to 1 Wall Street Analyst [Yahoo! Finance]
Li Auto Inc. - American Depositary Shares (LI)
Company Research
Source: Yahoo! Finance
Earlier in the week, however, it was a different electric carmaker -- China's Li Auto (NASDAQ: LI) -- that caught investors' attention. On Monday, Citigroup tweaked its price target lower on Li Auto stock to $43.60. Despite the lower price target, Citi insists Li stock is still a buy (the new price target implies a 73% upside over the next 12 months from the current price). What's going on here? Is Li Auto stock a buy? Citi's note keys off of Li's announcement that its new L6 electric SUV -- which launched last week and is now Li's least expensive model -- collected only 10,000 pre-orders in its first three days on the market. Citi contrasted the L6's sales performance with the company's introduction of its L9 electric SUV two years ago, which cost more but collected 3 times as many pre-orders. This is probably not great news for Li. (Hence the lower price target.) But in its note, Citi's analyst raised the question of whether the news is as bad as it seems. Deposits on L9 p
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LI
News
- Li Auto Inc. to Report First Quarter 2024 Financial Results on May 20, 2024GlobeNewswire
- Why Li Auto Stock Jumped Monday [Yahoo! Finance]Yahoo! Finance
- Steward Health, Nation's Largest Physician-Owned Hospital Operator, Files for Bankruptcy [Yahoo! Finance]Yahoo! Finance
- With Deliveries Picking Up And Budget Brand In The Offing, Is Xpeng Stock Attractive? [Forbes]Forbes
- How To Manage The Transition To Electric While Gas Cars Still Sell [Forbes]Forbes
LI
Sec Filings
- 5/1/24 - Form 6-K
- 4/30/24 - Form SC
- 4/23/24 - Form 6-K
- LI's page on the SEC website