Li Auto (NYSE:LI) Issues Earnings Results

Li Auto (NYSE:LI) posted its quarterly earnings results on Wednesday. The company reported $0.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.25) by $0.27, Fidelity Earnings reports.

NYSE:LI opened at $36.74 on Friday. Li Auto has a one year low of $14.31 and a one year high of $40.81. The stock has a 50-day simple moving average of $22.13.

LI has been the subject of a number of research reports. 86 Research assumed coverage on Li Auto in a research report on Thursday, August 20th. They set a “hold” rating and a $10.00 price target for the company. Smith Barney Citigroup upgraded Li Auto from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $27.10 to $45.60 in a research note on Monday. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upgraded Li Auto from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $27.10 to $45.60 in a research note on Monday. Sanford C. Bernstein assumed coverage on Li Auto in a research note on Thursday, August 6th. They set an “outperform” rating and a $21.00 price objective on the stock. Finally, Morgan Stanley assumed coverage on Li Auto in a research note on Monday, August 24th. They set an “overweight” rating and a $20.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $27.53.

Li Auto Company Profile

Li Auto Inc, through its subsidiaries, designs, develops, manufactures, and sells smart electric sport utility vehicles (SUVs) in China. It offers Li ONE, a six-seat electric SUV that equipped with a range of extension system and cutting-edge smart vehicle solutions. The company was formerly known as Leading Ideal Inc and changed its name to Li Auto Inc in July 2020.

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