Meituan stock: Jefferies names HKD 132 target for Meituan stock

Published on 10/20/2026 at 16:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue rose 14.40 percent to RMB 104.64 billion on August 28, 2026. Meituan stock costs EUR 8.68 on October 20, 2026, plus 2.92 percent versus the Tradegate close.

Revenue growth on August 28

Jefferies named a HKD 132 target for Meituan on October 13, 2026.
Second-quarter revenue rose 14.40 percent to RMB 104.64 billion on August 28, 2026.
Meituan stock costs EUR 8.68 at Lang & Schwarz on October 20, 2026 at 4:00 p.m. CEST, 2.92 percent above the Tradegate close of October 19, 2026.

Meituan, KYG596691041, Illustration mit AI erstellt.

Meituan (ISIN KYG596691041) has a HKD 132 price target from Jefferies, according to Futu on October 13, 2026. The target lies 73.46 percent above Meituan's HKD 76.10 home-market price on October 20, 2026. At Lang & Schwarz, the stock stood at EUR 8.68 on October 20, 2026 at 4:00 p.m. CEST, plus 2.92 percent versus the Tradegate close of October 19, 2026 at EUR 8.43.

Second-quarter recovery has a caveat

Meituan's second-quarter revenue rose 14.40 percent year over year to RMB 104.64 billion, while profit for the period reached RMB 2.16 billion. RecursiveGains.com reported these figures for the quarter ended June 30, 2026 and noted that RMB 3.49 billion of other gains, net, contributed to operating profit of RMB 2.69 billion. The result therefore combines operating improvement with investment-related gains.

Price position after a 2.92 percent rise

The euro quotation sits within its dated 52-week range of EUR 7.26 to EUR 12.32 from the same market snapshot, while the Hong Kong listing last stood at HKD 76.10 on October 20, 2026 at 4:08 p.m. HKT. Meituan's home-market volume was 23,683,952 shares, and its market capitalization was HKD 469.7 billion on that date. On the HKEX, the stock is identified as 3690.HK and is linked to ISIN KYG596691041 by Global Banking and Finance Review.

Results date is November 26

Meituan is scheduled to publish its next earnings report on November 26, 2026, according to Yahoo Finance. The upcoming report will test whether the second-quarter improvement can persist beyond the period's favorable operating conditions.

Comparison with peers

Meituan: plus 2.92 percent versus the Tradegate close, market capitalization HKD 469.7 billion.

JD.com (HKEX, HKD): minus 1.60 percent, P/E 17.40, market capitalization HKD 251.6 billion.

Alibaba Group (HKEX, HKD): minus 3.58 percent, P/E 24.08, market capitalization HKD 2.1 trillion.

Meituan stock stays below its yearly high

Meituan's EUR 8.68 quotation at Lang & Schwarz on October 20, 2026 at 4:00 p.m. CEST was 2.92 percent above the Tradegate close of October 19, 2026 at EUR 8.43. The HKD 132 Jefferies target remains the stronger valuation reference, but the next results date provides the clearest test of the profit recovery.

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