Meituan Class B Stock 12‑Month Price Target Cut to HKD 109.7, Implies 36% Upside

What happened

Meituan Class B’s average 12-month price target from 35 analysts fell from HKD 110.3 to HKD 109.7. Based on the Nov. 6 closing price, the new target implies approximately 36% potential upside. The consensus rating remained “Buy” among 44 analysts.

Confirmed

Global impact / market context

A lower target means analysts’ average expected value for Meituan shares has edged down, although it still implies potential upside from the cited closing price. If investors adjust their expectations, buying or selling could change demand for the shares and affect the company’s ability to raise capital through stock issuance.

Analyst inference

Forecasts span HKD 63.42 to HKD 153.46 per share, showing a wide difference in analysts’ views. The 44-analyst rating mix—36 Buys, 6 Holds and 2 Sells—remains positive overall, but the target average has edged down.

Confirmed

What to watch

1. Whether the average target changes in later analyst updates; further cuts could lower investors’ expectations and weigh on demand for Meituan shares, while increases could support buying interest. Analyst inference
2. Whether the “Buy” consensus or its 36 Buys, 6 Holds and 2 Sells mix changes, since recommendation shifts may influence investor demand and the company’s ability to issue shares. Analyst inference
3. How the share price compares with the HKD 109.7 average target during the 12-month forecast period; the article’s implied upside is calculated from the Nov. 6 closing price. Confirmed

Evidence

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