5 Most Promising Car Stocks According to Analysts

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1. Li Auto Inc. (NASDAQ:LI)

Average Analyst Price Target Upside: 52.18%

Average Analyst Price Target: $53.75 

Li Auto Inc. (NASDAQ:LI) is one of the leading Chinese new energy vehicle manufacturers that designs and builds sport utility vehicles (SUVs). The company is our top stock pick among the most promising car stocks, according to analysts.

On December 1, Li Auto Inc. (NASDAQ:LI) announced that its monthly deliveries in November increased 172.9% YoY to 41,030 vehicles. The CEO and Chairman, Xiang Li, mentioned that the company is set to complete its December monthly delivery target of 50,000 units.

Over the past three months, 4 Wall Street analysts covered Li Auto Inc. (NASDAQ:LI), and all of them kept a Buy rating on the stock. The average price target of $53.75 had an upside of 52.18% as of the December 15 market close.

On November 13, Barclays analyst Jiong Shao raised the price target on Li Auto Inc. (NASDAQ:LI)’s stock to $50 from $48 and maintained an Overweight rating on the shares. The firm highlighted the company’s positive Q3 results and the launch of its first battery electric vehicle.

Follow Li Auto Inc. (NASDAQ:LI)

You can also look at the 13 Cheap Penny Stocks to Buy According to Hedge Funds and the 12 Best Gold Stocks With Dividends.

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