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Li Auto, Inc. Class A (L87) Gets a Hold from HSBC

Tipranks - Tipranks - Thu Mar 26, 7:42PM CDT

HSBC analyst maintained a Hold rating on Li Auto, Inc. Class A on March 24 and set a price target of HK$67.08. The company’s shares closed last Monday at HK$67.60.

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Currently, the analyst consensus on Li Auto, Inc. Class A is a Moderate Buy with an average price target of €9.16, representing a -86.45% downside. In a report released on March 19, DBS also maintained a Hold rating on the stock with a HK$63.00 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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