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<Research>UBS Reiterates Buy on Li Auto (LI.US) but Trims TP to USD23; New L9 Expected as Revaluation Catalyst
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UBS has issued a report lowering LI AUTO-W (02015.HK)'s earnings forecasts for 2026-27 to reflect the challenging environment faced by its extended range electric vehicle (EREV) product line. With challenges in sales volume, mix, pricing, and costs, the net profit margin for the same period may remain in the low single digits. That being said, UBS believes that the carmaker's current stock price has already reflected these negative factors, and the new-generation Li L9 EREV SUV, set to be launched in 2Q26, is expected to inject new momentum into the EREV product line, revitalize the carmaker's leadership in smart driving, and trigger a valuation revaluation. UBS has reiterated a Buy rating on Li Auto (LI.US) but trimmed its target price from USD30 to USD23. AAStocks Financial News |
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