Li Auto Deliveries Surge: Is This EV Stock Unstoppable?

Li Auto Deliveries Surge: Is This EV Stock Unstoppable?

Li Auto Inc (LI: NSD) delivered 50,353 vehicles in December 2023, marking a massive 137.1% jump YOY. Compounded by a robust performance in January with 105.8% YoY growth, the impressive figures reveal an accelerated growth trajectory for the company. 

 

Stock Target Advisor’s Take on Li Auto:

Stock Target Advisor assigns Li Auto a “Buy” rating with a target price of $62.94, anticipating a price change of 58.45% over the next year. Our forecast is slightly more optimistic than the average target price from 06 analysts, which stands at $58.55. This divergence is based on our assessment of positive signals and sector-leading performance metrics.

The Auto Manufacturers sector, in which Li Auto operates, garners an average analyst rating of Buy. However, the sector’s readout is slightly bearish, contrary to the market sentiment towards Li Auto which indicates a Strong Buy.

LI Ratings by Stock Target Advisor

Where Does Li Auto Stand Within Its Sector?

Li Auto registered an 80.63% capital gain in its trailing 12-month returns—placing it in the top percentile of the Auto Manufacturers sector and also boasts a commendable five-year earnings growth figure of -32.63%. These factors, coupled with an optimal beta of 0.89, position Li Auto favorably within its sector.

 

Conclusion:

Will Li Auto continue its impressive growth trajectory? Only time will tell, but the current indicators suggest the best may be yet to come for this Chinese EV leader.

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