Weekly Recap | Li Auto -4.53%, consensus target above spot
Weekly Review·
- Li Auto shares fell 4.53 % over the week to close at 11.81 USD, underperforming the S&P 500 index.
- The company advanced product plans by announcing the upcoming September 16 launch of the flagship electric SUV i9 and expanded into the European market.
- Institutional sentiment remains generally positive with a consensus buy rating and a target price of 16.03 USD, despite the stock reaching a 60-day low.
