LI is trading at $17.14 (+6.33%) as the stock recovers from recent weakness, potentially benefiting from the clearing of near-term pessimism following recent analyst target cuts.
- The move is supported by broader market strength (S&P 500 up 0.64%, Nasdaq up 0.84%) and builds on yesterday's +2.48% gain.
- Recent analyst actions from Macquarie (price target cut to $15) and Citi (target lowered to $18.50) may have helped stabilize the stock by resetting expectations.
- Despite today's short-term technical recovery, the company still faces structural headwinds, including Q3 net losses, a 39% delivery drop, and intense EV competition.