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Li Auto, Inc. Class A (L87) Receives a Buy from Guotai Haitong

Tipranks - Tipranks - Wed Mar 18, 12:38AM CDT

In a report released yesterday, from Guotai Haitong maintained a Buy rating on Li Auto, Inc. Class A, with a price target of HK$79.97. The company’s shares closed last Friday at HK$69.90.

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Li Auto, Inc. Class A has an analyst consensus of Moderate Buy, with a price target consensus of €9.88, implying a -85.87% 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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