5 Most Promising Stocks to Buy Before They Take Off

Page 5 of 5

1. Li Auto Inc. (NASDAQ:LI)

Performance (YTD) as of April 23: -27.70%

Average Upside Potential as of April 23: 115.06%

Number of Hedge Fund Holders: 31

Li Auto Inc. (NASDAQ:LI) is a designer, developer, manufacturer, and seller of smart electric vehicles. It is the top stock on our list of the most promising stocks to buy before they take off. Li Auto Inc. (NASDAQ:LI) has a share price return of -27.70%, as of April 23.

As of April 23, Li Auto Inc. (NASDAQ:LI) has a consensus rating of Buy among 10 Wall Street analysts. The average price target of $53.83 implies an upside of 115.06% from the last price of $25.03.

In the fourth quarter of 2023, 31 hedge funds had stakes in Li Auto Inc. (NASDAQ:LI), with total positions worth nearly $1.15 billion. As of December 31, 2023, Two Sigma Advisors is the most significant shareholder in the company with a stake worth $228.843 million.

Follow Li Auto Inc. (NASDAQ:LI)

Should you invest $1,000 in Li Auto Inc. (NASDAQ:LI) right now?

Before you buy stock in LI, consider this:

The Insider Monkey Quarterly Newsletter just identified what we believe are the 14 best stocks for investors to buy now… and LI wasn’t one of them. The 14 stocks that made the cut could produce monster returns in the next few months.

Quarterly Newsletter is your easy-to-follow blueprint for building a winning portfolio.  It includes stock picks from billionaires, regular updates from hedge fund investor letters, and 14 fresh stock picks each quarter. The Quarterly Newsletter service has more than doubled the return of S&P 500 since 2014.

See the 14 stocks

Disclosure: None. You can also look at the 13 Best Ethical Companies to Invest in 2024 and the 14 Dividend Growth Stocks with Highest Growth Rates.

Insider Monkey focuses on uncovering the best investment ideas of hedge funds and investors. Please subscribe to our daily free newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.

Page 5 of 5