Goldman Sachs Analyst Lowers Its Price Target For Li Auto Inc. (LI)

Li Auto Inc. (NASDAQ:LI) is among 10 Best EV Stocks to Buy Heading into 2026. 

As reported by TheFly, Goldman Sachs lowered its price target for Li Auto Inc. (NASDAQ:LI) from $30.90 to $27 on December 1 and still maintained a Buy rating.

As noted by Goldman Sachs analyst Tina Hou, the company’s third-quarter results fell short of expectations because of higher operating costs and one-time recall-related expenses. Goldman Sachs predicts that the third quarter will be its lowest point in profitability and margins.

Li Auto Inc. (NASDAQ:LI)’s last quarter revenue dropped 36% from the previous year. The Chinese electric vehicle manufacturer lost RMB625 million as a result of a 39.0% decline in total deliveries to 93,211 units during the quarter.

On December 1, Li Auto Inc. (NASDAQ:LI) declared that it had delivered 33,181 vehicles in November. The business had made 1,495,969 deliveries overall as of November 30. The business aims to release OTA 8.1 in early December 2025 and anticipates that the monthly production capacity for Li i6 will exceed 20,000 units by early next year.

Li Auto Inc. (NASDAQ:LI) is a leading Chinese NEV company that creates, produces, and markets high-end smart NEVs.

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