Analysts revise Li Auto stock price target

Core Viewpoint - Chinese electric vehicle (EV) companies, particularly Li Auto, have shown strong performance in 2025, contrasting with struggles faced by Western EV makers [1] Company Performance - Li Auto delivered 13,192 vehicles in February 2025, marking a 29.7% year-over-year increase [2] - The stock price peaked at $32.92 following the delivery figures but fell to $26.59 by March 17, resulting in a year-to-date return of 10.82% [2] Analyst Ratings and Forecasts - Jefferies maintained a 'Buy' rating on Li Auto and raised its 12-month price target from $31 to $37.20, indicating a potential upside of 39.9% from current prices [4] - Nomura downgraded Li Auto from 'Buy' to 'Neutral' but increased its price target from $27 to $31, citing uncertainty in near-term shipments [7] - Macquarie also downgraded Li Auto from 'Outperform' to 'Neutral', expressing concerns about sustaining growth outside its EREV niche [8] Market Context - The Chinese EV sector is becoming increasingly attractive amid U.S. recession concerns, but competition is intensifying, with XPeng surpassing Li Auto in deliveries for the first time since 2022 [9] - Recent stimulus measures in China are expected to benefit the entire EV sector, but a detailed comparison between Li Auto and its competitors is necessary [9] Strategic Insights - Jefferies noted that Li Auto has significant potential in the second half of the year, particularly regarding its artificial intelligence initiatives and the deployment of supercharging stations [6]