Goldman Sachs analyst Fei Fang has raised Li Auto price target from $20.60 to $60 and maintains a “Buy” rating on the company shares, according to The Fly. Goldman believes Li Auto is differentiating itself from the broader Chinese auto-making industry by creating a compelling electric vehicle consumer experience.
- Li Auto has managed to turn earnings positive just three quarters after the inaugural product launch of Li ONE.
- Li ONE is the first step in a larger innovation plan of Li Auto that will provide “significant optionality value for the share price.” – Fang.
Li Auto stock is currently gaining. LI: NASDAQ is up 7.43%