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<Research>Citi Raises MEITUAN-W (03690.HK) TP to $110, Upgrades Rating to Buy/ High Risk
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Despite intense competition, MEITUAN-W (03690.HK) recorded a decent QoQ improvement in unit economics (UE) for its food delivery business in 4Q25, and is expected to further increase in 1Q26, mainly benefiting from its strategic focus on high average order value (AOV) and high-quality users, Citi Research issued a research report saying. Citi Research raised its 2026/ 2027 total revenue forecasts for MEITUAN-W, and its target price from $94 to $110. The broker also upgraded MEITUAN-W from Neutral/High Risk to Buy/High Risk. AASTOCKS Financial News Website: www.aastocks.com |
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