Goldman Sachs keeps Buy rating for Midea stock at HKD 113.00

Published on 10/16/2026 at 10:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Midea's latest quarter brought HKD 128.92 billion in revenue. Midea stock costs EUR 10.63 on October 16, 2026, with CNY 645.5 billion in market value.

Quarterly sales and analyst target

Goldman Sachs retained its Buy rating and set a HKD 113.00 target on October 15, 2026.
Midea reported HKD 128.92 billion in second-quarter revenue and HKD 13.71 billion in net profit.
Midea stock trades at EUR 10.63 at 10:28 a.m. CEST at Lang & Schwarz on October 16, 2026.
The company had a CNY 645.5 billion market capitalization on October 16, 2026.
Midea will review third-quarter results on October 29, 2026.

Midea, CNE100006M58, Illustration mit AI erstellt.

Midea (ISIN CNE100006M58) was trading at EUR 10.63 at Lang & Schwarz on October 16, 2026 at 10:28 a.m. CEST. Moomoo reported on October 15 that Goldman Sachs retained its Buy rating and set a H-share target of HKD 113.00. The combination of resilient overseas operations and weaker domestic demand is now central to the stock story.

Analysts weigh domestic pressure

Goldman Sachs said its third-quarter 2026 view for Midea remained more resilient than its outlook for other white-goods companies. The report cited overseas home-appliance and business-to-business growth, while expecting channel adjustments to support retail market share, according to Moomoo.

Markets Insider reported on October 15 that Bank of America Securities maintained a Buy rating and a HKD 112.00 target. The report also said the A-share target was lowered 4.70 percent to RMB 101.00, making cost control and overseas growth important counterweights to softer domestic demand.

Three dated signals for Midea

On October 1, 2026, Citi maintained a Buy rating and a HKD 121.80 target, according to Markets Insider. On October 14, 2026, Goldman Sachs set its HKD 113.00 target, while on October 15, 2026, Bank of America Securities kept its HKD 112.00 target.

What does the target range mean?

Midea's second-quarter revenue was HKD 128.92 billion and net profit was HKD 13.71 billion, compared with HKD 123.90 billion and HKD 13.59 billion in the year-earlier quarter, respectively, according to TipRanks. Midea's investor-relations materials state that fiscal year 2025 revenue reached RMB 458.5 billion and net profit attributable to owners reached RMB 43.95 billion. Overseas revenue was RMB 195.9 billion, up 16.00 percent year over year, while business-to-business revenue reached RMB 122.8 billion, up 17.50 percent, according to Midea.

Next results date

Midea's board is scheduled to review and approve results for the nine months ended September 30, 2026, on October 29, 2026, according to TipRanks.

Stock price and valuation

Midea's Shenzhen-listed shares were last quoted at CNY 84.60 on October 16, 2026 at 3:04 p.m. CST. The market capitalization was CNY 645.5 billion, and the 52-week range was CNY 71.77 to CNY 89.50.

Midea stock was trading at EUR 10.63 at Lang & Schwarz on October 16, 2026 at 10:28 a.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of Midea stock.