Meituan stock: Jefferies sets HKD 132.00 target for Meituan stock at 74.37 percent above price

Published on 10/16/2026 at 17:24 | 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 8.53 on October 16, 2026 at 5:10 p.m. CEST, up 0.33 percent on the day on HKEX.

Analyst view and reporting date

Jefferies kept a Buy rating and a HKD 132.00 target in its October 13, 2026 note, 74.37 percent above the HKD 75.70 share price.
Meituan generated RMB 104.64 billion in second-quarter 2026 revenue, up 14.40 percent year over year.
Meituan stock costs EUR 8.53 at Lang & Schwarz on October 16, 2026 at 5:10 p.m. CEST, up 0.33 percent on the day on HKEX.
Meituan is scheduled to report its next earnings on November 26, 2026.

Meituan, KYG596691041, Illustration mit AI erstellt.

Jefferies kept a Buy rating and a HKD 132.00 target for Meituan in a note dated October 13, 2026, putting the target 74.37 percent above the HKD 75.70 Hong Kong share price cited in the report. Futunn said the note highlighted improving food-delivery unit economics in September and expected further improvement in October. Meituan stock was at EUR 8.53 at Lang & Schwarz on October 16, 2026 at 5:10 p.m. CEST, up 0.33 percent on the day on HKEX.

Revenue gives the target context

Meituan reported RMB 104.64 billion in revenue for the second quarter of 2026, a 14.40 percent increase from the same quarter a year earlier. The figure also came with RMB 2.16 billion in earnings, according to Yahoo Finance. These results provide the operating backdrop for a target that is materially above the Hong Kong share price.

Price sits inside the yearly range

On October 16, 2026, Meituan's HKEX share price stood at HKD 75.70, with a daily gain of 0.33 percent. The 52-week range was HKD 63.65 to HKD 108.00, leaving the share 18.93 percent above its low and 29.91 percent below its high. Trading volume was 22,668,265 shares against an average of 36,928,945 shares.

Valuation and upcoming results

Meituan's market capitalization was HKD 467.2 billion on October 16, 2026. Its price-to-earnings ratio was minus 10.25, while the dividend yield was 0.01 percent. Meituan reported its six-month results for the period ended June 30, 2026 on August 28, 2026. The next earnings date is November 26, 2026, according to Yahoo Finance.

Comparison with peers

Meituan (HKEX, HKD): plus 0.33 percent, P/E minus 10.25, market capitalization HKD 467.2 billion

Alibaba Group (HKEX, HKD): plus 2.26 percent, P/E 24.98, market capitalization HKD 2.2 trillion

JD.com (HKEX, HKD): plus 1.14 percent, P/E 17.69, market capitalization HKD 255.7 billion

What the figures leave investors watching

The near-term calendar centers on the November 26, 2026 earnings date, while the analyst target places emphasis on execution in delivery and instant retail. The market capitalization and negative price-to-earnings ratio also show why operating progress remains central to the valuation discussion.

Meituan was trading at EUR 8.53 at Lang & Schwarz on October 16, 2026 at 5:10 p.m. CEST, up 0.33 percent on the day on HKEX.

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