Barclays raised the firm’s price target on Li Auto to $31 from $25 and keeps an Overweight rating on the shares. Following the "solid" Q4 delivery and revenue results, the company issued Q1 delivery and revenue guidance far ahead of estimates due to strong delivery momentum of recently launched L8 and L9 and pre-order strength of L7, the analyst tells investors in a research note. The analyst says momentum of Li’s new products is strong.
Published first on TheFly
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