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<Research>Citi Raises MEITUAN-W (03690.HK) TP to $110, Upgrades Rating to Buy/ High Risk
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 increa...
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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)  -1.700 (-2.074%)    Short selling $939.39M; Ratio 62.972%   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.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-02 16:25.)

Related News Nomura Lowers TP for MEITUAN (03690.HK) to HKD92; Competitive Landscape Remains Unclear



This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.

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