LI - Buy Li Auto 'MEGA Dip' Analyst Says: EV Maker Anticipates 3000 Unit Deliveries A Month | Benzinga
Shares of Li Auto Inc (NASDAQ: LI) tanked in premarket trading on Thursday amid reports of electric vehicle (EV) deliveries continuing to decline in China.
The recent pullback in the company’s stock was likely triggered by the order intake for MEGA, its high-tech flagship family MPV, being weaker than Street estimates, according to Bernstein.
The Li Auto Analyst: Eunice Lee maintained an Outperform rating and price target of $52.50 for Li Auto.
The Li Auto Thesis: The stock had rallied around 30% after the company ...