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J.P. Morgan Sticks to Their Sell Rating for Li Auto (LI)

Tipranks - Tipranks - Sat Mar 14, 3:46PM CDT

In a report released today, Nick Lai from J.P. Morgan maintained a Sell rating on Li Auto, with a price target of $15.50.

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Lai covers the Consumer Cyclical sector, focusing on stocks such as Li Auto, BYD Co, and Geely Automobile Holdings. According to TipRanks, Lai has an average return of -0.6% and a 42.11% success rate on recommended stocks.

The word on The Street in general, suggests a Hold analyst consensus rating for Li Auto with a $19.44 average price target.

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Based on Li Auto’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $27.4 billion and a GAAP net loss of $625.89 million. In comparison, last year the company earned a revenue of $43.18 billion and had a net profit of $2.83 billion

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