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Monday, August 24, 2020 3:40:41 PM
While Li has only one vehicle in its portfolio so far, the Goldman analyst expects this number to rise in the future, with the factor playing an important role in his delivery estimates for the next five years.
Bernstein analyst Robin Zhu is equally optimistic about Li Auto's future, with this optimism being reflected in the firm's $21 price target for the company. Li IPO-ed at $11.50/share and today's two price targets factor in a roughly 83% upside over the IPO share price.
In addition to Bernstein and Goldman, investment bank Morgan Stanley also initiated its coverage of Li Auto today. Morgan analyst Tim Hsiao is responsible for determining the automaker's future, and the analyst has a $20/share price target for the company - which is roughly in line with his peers' determination.
Hsiao touts similar optimism for Li's product model as Fang did, and the analyst also believes that by focusing on premium sports utility electric vehicles, the company will be able to target a "sweet spot" in China's sizeable electric vehicle market.
According to its F-1 prospectus filing with the S.E.C., Li Auto delivered 10,000 Li Xiang One units by the end of June after it started deliveries in December. The Li Xiang One is named after the company itself which is called Li Xiang in China, with Li Auto being named after its founder Mr. Li Xiang in the East Asian country.
Recent LI News
- Li Auto Inc. Sued for Securities Law Violations - Contact The Gross Law Firm Before July 9, 2024 to Discuss Your Rights - LI • PR Newswire (US) • 06/28/2024 09:45:00 AM
- LILi Auto Inc. Sued for Securities Law Violations - Investors Should Contact The Gross Law Firm Before July 9, 2024 to Discuss Your Rights - LI • PR Newswire (US) • 06/25/2024 09:45:00 AM
- Contact The Gross Law Firm by July 9, 2024 Deadline to Join Class Action Against Li Auto Inc.(LI) • PR Newswire (US) • 06/20/2024 09:45:00 AM
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- Shareholders that lost money on Li Auto Inc.(LI) Urged to Join Class Action - Contact The Gross Law Firm to Learn More • PR Newswire (US) • 06/10/2024 09:45:00 AM
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- Investors in Li Auto Inc. Should Contact The Gross Law Firm Before July 9, 2024 to Discuss Your Rights - LI • PR Newswire (US) • 06/05/2024 09:45:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 06/03/2024 11:00:28 AM
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