Li Auto Breaks 30K Deliveries Barrier; Stifel and Needham: Bullish View on Accolade
- July 01st, 2023
- 272 views
Li Auto Inc. (Nasdaq: LI) achieved a significant milestone in June 2023 by delivering 32,575 vehicles, surpassing the monthly delivery mark of 30,000 for the first time. This represents an impressive year-over-year increase of 150.1%.
In the second quarter, the company delivered a total of 86,533 vehicles, showing a remarkable 201.6% year-over-year growth. What's more, Li Auto has already surpassed its total vehicle deliveries for the entire year of 2022 with its deliveries in the first half of 2023.
On Friday, $LI closed at $35.10, reflecting a gain of $0.81 (+2.36%).
In other news, Accolade, Inc. (Nasdaq: ACCD), a company specializing in healthcare technology and solutions, received positive assessments from Stifel and Needham.
Stifel maintained a Buy rating and raised the price target from $15 to $17 for the company's stock. Similarly, Needham also maintained a Buy rating and raised the price target to $17 from $15.
Comparing the closing price of $14.20 on Friday, the revised price target suggests a potential upside of $2.80 or approximately 19.72% for $ACCD, based on the investment firms' views.
Investors should note that the potential upside is derived from the evaluations and recommendations provided by these firms or analysts and should conduct their own research before making any investment decisions.
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)
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