Bank of America Securities Sticks to Its Buy Rating for Li Auto (LI)
Bank of America Securities analyst Ming-Hsun Lee reiterated a Buy rating on Li Auto (LI – Research Report) today and set a price target of $32.10. The company's shares closed today at $28.49.
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According to TipRanks, Lee is a 5-star analyst with an average return of 21.8% and a 43.68% success rate. Lee covers the Consumer Cyclical sector, focusing on stocks such as Li Auto, XPeng, Inc. ADR, and Nio.
Currently, the analyst consensus on Li Auto is a Moderate Buy with an average price target of $33.00.
Based on Li Auto's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $44.27 billion and a net profit of $3.52 billion. In comparison, last year the company earned a revenue of $41.73 billion and had a net profit of $5.66 billion
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