Opinions
The Weekly Buzzing Stocks by Billy Kawasaki
Li Auto
LI-Q
TOP PICK
Jul 07, 2022
They manufacture and sell smart electric vehicles in China. June sales were up 240% compared to a year ago. Backed by Warren Buffet. Stockchase Research Editor Michael O'Reilly chose the stock as a TOP PICK in the past. Social media mentions rose 175% over the last 24h.
$39.010
Stock price when the opinion was issued
Automotive
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TOP PICK
Stockchase Research Editor: Michael O'Reilly LI is a manufacturer of smart electric SUVs in China, where EV sales there are expected to grow by 40% next year. December deliveries of EVs in general set new records. Sales by LI were up 530% over the year, which is now generating some significant cash flows. The company is heard to be a potential partner with Apple in their EV project. We would buy this with a stop-loss at $20, looking to target $44 -- over 40% upside. Yield 0% (Analysts’ price target is $44.20)
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