Meituan stock: Goldman Sachs assigns HKD 123 target for Meituan stock

Published on 10/23/2026 at 15:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue reached RMB 104.64 billion, up 14.40 percent year over year. Meituan stock costs EUR 8.12 at Lang & Schwarz on October 23, 2026.

Analyst target dated October 20, 2026

Goldman Sachs assigned a HKD 123 target to Meituan on October 20, 2026.
Second-quarter revenue reached RMB 104.64 billion, up 14.40 percent year over year.
Meituan stock costs EUR 8.12 at Lang & Schwarz on October 23, 2026 at 3:34 p.m. CEST.

Meituan, KYG596691041, Illustration mit AI erstellt.

Meituan (ISIN KYG596691041) received a HKD 123 price target from Goldman Sachs in a report dated October 20, 2026, according to Futu. The target is 71.67 percent above Meituan's Hong Kong share price of HKD 71.65. At Lang & Schwarz, the stock was trading at EUR 8.12 on October 23, 2026 at 3:34 p.m. CEST.

Revenue growth stays visible

Meituan's second-quarter revenue reached RMB 104.64 billion, up 14.40 percent from the same period in 2025. Operating profit turned positive at RMB 2.69 billion, compared with RMB 226.35 million a year earlier, while non-IFRS adjusted net profit rose 69.00 percent to RMB 2.52 billion, FilingReader reported on September 28, 2026.

Hong Kong shares remain below the high

The Hong Kong listing traded at HKD 71.65 on October 23, 2026 at 4:08 p.m. HKT. Its 52-week range was HKD 63.65 to HKD 108.00, placing the quote 33.66 percent above the low and 33.66 percent below the high. Market capitalization stood at HKD 442.2 billion on the same date.

Target upside meets operating risk

The Goldman Sachs target of HKD 123 implies 71.67 percent upside from the HKD 71.65 Hong Kong price. A separate Futu summary of a Jefferies-hosted conference call dated October 13, 2026 said September food-delivery unit economics improved from August, while intensifying competition and losses in new businesses remained risks.

Cash and new businesses matter

For the first half of 2026, Meituan generated RMB 195.68 billion in revenue, up 10.10 percent year over year. Core local commerce revenue reached RMB 135.59 billion, up 5.10 percent, while new initiatives revenue rose 23.30 percent to RMB 60.09 billion. The same period also included an operating loss of RMB 3.78 billion and a net loss of RMB 4.67 billion.

Stock price and investor view

The combination of double-digit quarterly revenue growth and a 71.67 percent target gap leaves profitability in new initiatives as the central valuation question. Meituan's current euro quote and its Hong Kong valuation remain separate market references for investors in Germany.

Meituan was trading at EUR 8.12 at Lang & Schwarz on October 23, 2026 at 3:34 p.m. CEST.

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