Li Auto (LI) PT Lowered to $16 at US Tiger Securities

US Tiger Securities analyst Bo Pei lowered the price target on Li Auto (NASDAQ: LI) to $16.00 (from $22.00) while maintaining a Buy rating.

The analyst commented: "We maintain our BUY rating on Li Auto following 2Q26 results, while lowering our price target to $16 from $22 to reflect weaker near-term volume and margin expectations. Deliveries and revenue modestly exceeded our estimates, and margins improved sequentially, but gross margin remained depressed and higher SG&A drove a wider-than-expected loss. Management’s 3Q guidance also suggests another soft quarter before the new product cycle contributes more meaningfully."

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