Li auto stock price moved up after securing supply chain

Li Auto stock price moved up after securing supply chain agreements with key battery producers. Cost efficiency gains may improve margins and drive upward revisions in target prices. Li Auto Inc. Sponsored ADR (LI) closed the most recent trading day at $25.83, moving +1.29% from the previous trading session. The stock's change was more than the S&P 500's daily gain of 0.06%. Meanwhile, the Dow experienced a rise of 0.17%, and the technology-dominated Nasdaq saw an increase of 0.39%. Several research analysts recently commented on LI shares. Wall Street Zen cut Li Auto from a "hold" rating to a "sell" rating in a research report on Saturday, August 30th. Macquarie lowered Li Auto from a "neutral" rating to an "underperform" rating and lowered their target price for the stock from $28.00 to $21.00 in a research note on Friday, August 22nd. JPMorgan Chase & Co. reissued a "neutral" rating and set a $28.00 price target (down previously from $33.00) on shares of Li Auto in a research report on Thursday, August 14th. BNP Paribas Exane assumed coverage on Li Auto in a report on Monday, August 18th. They issued an "underperform" rating and a $18.00 target price on the stock. Finally, Cfra Research raised Li Auto from a "strong sell" rating to a "hold" rating in a report on Tuesday, June 10th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, eight have given a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Reduce" and a consensus target price of $26.26. Li Auto stock price is benefiting from favorable government EV subsidy announcements. Fundamental valuation models imply fair value closer to $38 assuming sustained gross margins above 20%.