Bernstein cuts Li Auto stock price target to $30, maintains outperform By Investing.com
On Thursday, Bernstein analysts, led by Eunice Lee, adjusted the price target for Li Auto (NASDAQ:LI) shares, decreasing it to $30.00 from the previous $33.00, while retaining an Outperform rating. The revision reflects a more conservative volume and earnings forecast for the electric vehicle (EV) manufacturer. According to InvestingPro data, Li Auto maintains a GREAT financial health score of 3.31, with the stock currently trading at a P/E ratio of 16.63. InvestingPro analysis suggests the stock is currently undervalued.
Li Auto reported annual deliveries of 501,000 units in 2024, marking a 33% year-over-year growth. Despite a lackluster reception to its MEGA launch in March, the company revamped its sales strategy and introduced the…
