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Top Wall Street Forecasters Revamp Li Auto Expectations Ahead Of Q3 Earnings
Benzinga· 2025-11-26 06:00
Core Insights - Li Auto Inc. is set to release its third-quarter earnings results on November 26, with analysts predicting earnings of 4 cents per share and revenue of $3.76 billion [1] Group 1: Company Developments - Hesai Technology has been named the exclusive lidar supplier for Li Auto's next-generation assisted driving platform, which includes all upcoming models such as the "L" Series, "i" Series, and "MEGA," indicating a significant expansion of their collaboration [2] - Li Auto's shares increased by 1.1%, closing at $18.32 on the day of the announcement regarding the lidar supply agreement [2] Group 2: Analyst Ratings - Piper Sandler analyst Alexander Potter initiated coverage on Li Auto with a Neutral rating and a price target of $19, reflecting an accuracy rate of 77% [5] - Barclays analyst Jiong Shao maintained an Equal-Weight rating but reduced the price target from $31 to $24, with an accuracy rate of 70% [5]