What's Going On With Li Auto Stock Today?
Portfolio Pulse from Erica Kollmann
Li Auto Inc. (NASDAQ:LI) shares are trading higher as they recover from losses following a disappointing second-quarter earnings report. B of A Securities raised its price target for Li Auto, while JP Morgan lowered its target. Despite recent setbacks, analysts see potential upside for the stock.
August 29, 2024 | 5:25 pm
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Li Auto shares are recovering after a sharp drop due to disappointing earnings. B of A Securities raised its price target, while JP Morgan lowered it. Analysts have mixed ratings, but the average price target suggests potential upside.
Li Auto's stock is recovering after a significant drop due to poor earnings results. The positive action is supported by B of A Securities raising its price target, indicating confidence in future performance. However, JP Morgan's lowered target reflects some caution. The mixed analyst ratings and the average price target suggest potential for the stock to rise, contributing to a positive short-term outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100