Li Auto Inc. Announces Unaudited Second Quarter 2024 Financial Results

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Go back to Li Auto Inc. Announces Unaudited Second Quarter 2024 Financial Results

Li Auto (LI) PT Raised to $31 at BofA Securities

August 29, 2024 6:03 AM EDT

BofA Securities analyst Ming Hsun Lee raised the price target on Li Auto (NASDAQ: LI) to $31.00 (from $30.00) while maintaining a Buy rating.

The analyst comments "Li Auto reported its 2Q24 results and hosted an analyst briefing on 28 Aug. Sales came in at... More

Citi on Li Auto (LI): 'We have a positive outlook on the EREV sector and Li Auto in the longer-term'

August 28, 2024 12:53 PM EDT

Citi analyst Jeff Chung reiterated a Buy rating and $26.20 price target on Li Auto (NASDAQ: LI).

The analyst comments "We dialed in Li Autos post-result briefing today. Key highlights are: (1) 3Q24E vehicle GPM expected QoQ improve to 19%; blended GPM at 20%. (2) FY24E Capex revised downward... More

Morgan Stanley on Li Auto (LI): 'Solid Results, Fragile Market'

August 28, 2024 12:50 PM EDT

Morgan Stanley analyst Tim Hsiao reiterated an Overweight rating and $29.00 price target on Li Auto (NASDAQ: LI).

The analyst comments "EREV line-up is in good shape; BEV will hit the market in 2025: Management has no plan to add new models to its EREV lineup but will focus more on operational efficiency to maximize sales conversion... More

Morgan Stanley Reiterates Overweight Rating on Li Auto (LI) Post Earnings

August 28, 2024 6:10 AM EDT

Morgan Stanley analyst Tim Hsiao reiterated an Overweight rating and $29.00 price target on Li Auto (NASDAQ: LI).

The analyst comments "Li Auto's 2Q24 net income (GAAP) grew 86% QoQ to Rmb1.1bn (vs. markets expected GAAP profit of Rmb500-1bn), implying Rmb10.2k profit per car, vs Rmb7.4k... More