Form 6-K Li Auto Inc. For: Nov 09

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Go back to Form 6-K Li Auto Inc. For: Nov 09

Bank of America reiterates Buy on Li Auto (LI) following 3Q beat

November 10, 2023 8:58 AM EST

Bank of America Global Research reiterated a Buy rating on Li Auto (NASDAQ: LI) and raised their 12-month price target on the stock to $62.00 (from $61.00) after the electric automaker reported their 3Q earnings results.

Li Auto announced its third-quarter 2023 results, reporting a revenue of RMB34.B. A significant increase of 271% compared to the same period last year and a 21% growth from the previous quarter. The gross margin saw a rise to 22%, up... More