Citi raised the firm’s price target on Li Auto (LI) to $250.30 from $208.80 and keeps a Buy rating on the shares. The analyst lifted sales estimates through 2025 to reflect the company’s “strong” model cycle and sales momentum. Citi estimates Li’s Q2 average monthly sales per dealer reached 87, which it expects to improve to 92 in Q4. The firm recommends buying shares of Li Auto and selling XPeng (XPEV).
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Read More on LI:
- Li Auto price target raised to $48 from $34 at Barclays
- Li Auto price target raised to $56 from $52 at BofA
- Li Auto, Inc. Reported Earnings. Did it Beat Estimates?
- Li Auto (NASDAQ: LI) Drives Down Even after Better-than-Expected Q2 Results
- Li Auto sees Q3 revenue $4.46B-$4.59B, consensus $3.9B
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