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Morgan Stanley Remains a Buy on Li Auto, Inc. Class A (L87)

Tipranks - Tipranks - Sat Mar 28, 6:56AM CDT

In a report released yesterday, from Morgan Stanley maintained a Buy rating on Li Auto, Inc. Class A, with a price target of HK$86.00. The company’s shares closed last Wednesday at HK$69.00.

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The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Li Auto, Inc. Class A with a €9.17 average price target, a -86.71% downside from current levels. In a report released on March 13, CLSA also maintained a Buy rating on the stock with a HK$140.00 price target.

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Based on Li Auto, Inc. Class A’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of HK$30.25 billion and a net profit of HK$1.09 billion. In comparison, last year the company earned a revenue of HK$31.68 billion and had a net profit of HK$1.1 billion

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