Bank of America Lowers Li Auto Price Target to $18
- Rating
- Neutral
- Unchanged
- Target
- $18
- from $22 (−18%)
- Upside
- +44%
- LI at $12.53 today
What the analyst said
BofA Securities analyst Ming Hsun Lee lowered the price target on Li Auto (NASDAQ: LI) to $18.00 (from $22.00) while maintaining a Neutral rating.
“Management guided 95-100k units of vehicle delivery (down 4.5-10% YoY) in 2Q26. Guidance on 2Q26 total revenue is RMB24.1-25.4bn, down 16-20% YoY.
Factoring in 1Q26 results and latest guidance, we cut 2026/27E volume sales by 5%/5%, lower 2026/27E GPM by 0.8ppt/0.1ppt, and raise OPEX to sales by 0.8ppt/1.0ppt.
We expect Li Auto to record RMB2.7bn non-GAAP net loss in 2026. We lower our PO to USD18/ADS or HKD70 (from USD22/ADS or HKD86) on lower sales and margins.
We reiterate our Neutral rating given Li Auto’s margin pressure despite sales volume growth.”
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Where the price stands
LI trades at $12.53. The 5 analysts who set a target in the last 3 months range from $13 to $16, with a median of $14.20. This $18 target is 27% above the median, the highest on the Street.
Since the note LI has moved −21% (from $15.78). 12-month window: day 164 of 365, closes on May 28, 2027.
Track record
This callOpen: LI has not reached $18 yet. This 12-month target is scored on May 28, 2027.
Firm track recordBank of America: 80% of its 50 targets at least a year old were reached within 12 months (#10 of 26 firms). Accuracy ranking →
