Li Auto Stock Has 86% Upside, According to 1 Wall Street Analyst Firm

Li Auto (LI -2.79%) stock surged 30% last month after it reported tremendous results for 2023 -- sales up 173.5% year over year, free cash flow growing to $6.2 billion, gross profit margins expanding, and net income flipping from a 2022 loss to a 2023 profit of$1.7 billion. No sooner had this Chinese automaker stomped the accelerator, though, than investors slammed on the brakes.Worries that sales might slow in Q1 2024, reinforced by a weak February deliveries report, sent Li stock tumbling. But according ...