Li Auto shares experienced a strong bullish reversal, surging 6.63% to close at $18.97, despite the recent news of disappointing January deliveries.
- The recent delivery report showed only 27,668 vehicles delivered in January, marking an eighth consecutive monthly decline.
- Analysts suggest the stock is significantly undervalued, setting the fair value target at $24.43.
- The bullish reversal reflects investor focus on long-term growth narratives, such as the rapid expansion of the charging network.