This Chinese Tesla Rival Soars 120% In 2023, Bernstein Expects More Gains
Portfolio Pulse from Benzinga Neuro
Bernstein analyst Eunice Lee has raised her price target for Chinese EV manufacturer Li Auto to $50, suggesting a potential 12.6% gain from Wednesday’s close. Li Auto's shares hit a 52-week high of $46.81 on Thursday. Despite industry-wide challenges, Li Auto outperformed its competitors, delivering the most cars among Chinese EV makers in July. Lee anticipates further growth, citing stronger exports and domestic demand in Q2 2023.
August 04, 2023 | 2:50 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Bernstein analyst Eunice Lee has raised her price target for Li Auto to $50, suggesting a potential 12.6% gain. The company's shares hit a 52-week high of $46.81 on Thursday.
The raised price target by Bernstein analyst indicates a bullish outlook for Li Auto. The company's recent performance, hitting a 52-week high, further supports this positive sentiment. The company's strong performance despite industry-wide challenges also adds to the positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Tesla Inc is mentioned as a rival to Li Auto. However, the article does not provide any specific updates or news about Tesla.
Tesla is mentioned in the context of being a rival to Li Auto. However, there are no specific updates or news about Tesla in the article that would impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 20
RELEVANCE 20