Bernstein Lowers Li Auto Price Target to $14.50
- Rating
- Market Perform
- Unchanged
- Target
- $14.50
- from $15.50 (−6%)
- Upside
- +16%
- LI at $12.53 today
What the analyst said
Bernstein SocGen Group analyst Eunice Lee lowered the price target on Li Auto (NASDAQ: LI) to $14.50 (from $15.50) while maintaining a Market Perform rating.
“Competition and cannibalization headwinds limit earnings visibility.
The company guided for Q3 26 deliveries of 95-100k units (+2-7% yoy), implying August-September deliveries of 32-35k units per month vs. 30.5k in July, indicating modest sequential improvement.
We expect gross margin to remain under pressure from insufficient scale and elevated BOM costs, although management targets a recovery to above 15% in Q4 26.
That said, the outlook remains highly dependent on competitors’ pricing actions, particularly Xiaomi and BMW. The company plans to launch a refresh of MEGA (c.RMB 500k) and a new i9 (c.
RMB 400k) in September. Given that both are premium family-oriented BEVs, alongside the L9 EREV targeting a similar customer base, we see a risk of product overlap and potential cannibalization.”
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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 $14.50 target is 2% above the median.
Since the note LI has moved +2% (from $12.27). 12-month window: day 74 of 365, closes on August 26, 2027.
Track record
This callOpen: LI has not reached $14.50 yet. This 12-month target is scored on August 26, 2027.
Firm track recordBernstein: 80% of its 25 targets at least a year old were reached within 12 months (#11 of 26 firms). Accuracy ranking →
Bernstein on Li Auto
Bernstein price targets on Li Auto
4 calls from November 27, 2025 to August 26, 2026. The target went from $20 to $14.50 (−28%). The rating stayed Hold.
- August 26, 2026 This noteTarget cut from $15.50 (−6%)Hold$14.50
- June 17, 2026Target cut from $19 (−18%)Hold$15.50
- March 13, 2026Target cut from $20 (−5%)Hold$19
- November 27, 2025Earliest call shownHold$20
