JPMorgan sets CNY 100 target for Midea stock before results

Published on 10/21/2026 at 10:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

JPMorgan's CNY 100 target dates to October 18, 2026. Midea stock costs EUR 10.65 on October 21, 2026; results follow October 29, 2026.

Targets and reporting dates

JPMorgan set a CNY 100.00 target for Midea on October 18, 2026.
Second-quarter revenue reached HKD 128.92 billion against HKD 123.90 billion a year earlier.
Midea stock trades at EUR 10.65 at 10:39 a.m. CEST at Lang & Schwarz on October 21, 2026.
The board is scheduled to review third-quarter results on October 29, 2026.

Midea, CNE100006M58, Illustration mit AI erstellt.

Midea (ISIN CNE100006M58) stock was trading at EUR 10.65 at Lang & Schwarz on October 21, 2026 at 10:39 a.m. CEST. JPMorgan set a CNY 100.00 target for the company in an update published October 18, 2026, according to MarketScreener.

Target meets a reporting date

The analyst target arrives before Midea's next scheduled disclosure. TipRanks reported that the board will review and approve third-quarter results for the nine months ended September 30, 2026, on October 29, 2026. The date gives investors a fixed point for testing whether domestic weakness is offset by overseas and business-to-business operations.

What does the target mean for growth?

The latest reported quarter showed revenue of HKD 128.92 billion and net profit of HKD 13.71 billion, according to Markets Insider. Revenue was 4.05 percent higher than HKD 123.90 billion in the year-earlier quarter, while net profit was 0.88 percent above HKD 13.59 billion. That combination points to continued top-line expansion with a much smaller earnings increase.

Three dated company markers

On August 28, 2026, Midea reported first-half net profit growth in its interim results. On October 14, 2026, Goldman Sachs maintained a Buy rating and a HKD 113.00 target, as reported by Markets Insider. On October 18, 2026, JPMorgan set its CNY 100.00 target.

Dates ahead for investors

The board review is scheduled for October 29, 2026, and the third-quarter results are expected for the same date. A separate estimate published by finanzen.ch put expected quarterly revenue at HKD 136.78 billion, compared with HKD 122.80 billion in the prior-year quarter.

Global scale remains material

Midea's 2025 annual report showed total revenue of RMB 458.5 billion and net profit attributable to owners of RMB 43.95 billion. Overseas revenue reached RMB 195.9 billion, up 16 percent year over year, while business-to-business revenue reached RMB 122.8 billion, up 17.5 percent, according to the company's investor-relations page.

Stock trades at a dated euro price

Midea stock was trading at EUR 10.65 at Lang & Schwarz on October 21, 2026 at 10:39 a.m. CEST. The next clear test is the October 29, 2026 reporting date, when investors can compare the reported quarter with the HKD 136.78 billion revenue estimate.

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