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Bank of China Remains a Buy on Li Auto, Inc. Class A (L87)

Tipranks - Tipranks - Sun Mar 15, 12:34AM CDT

Bank of China analyst maintained a Buy rating on Li Auto, Inc. Class A yesterday and set a price target of HK$85.00. The company’s shares closed last Thursday at HK$67.90.

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Currently, the analyst consensus on Li Auto, Inc. Class A is a Moderate Buy with an average price target of €10.23, a -84.93% downside from current levels. In a report released yesterday, 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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