Meituan stock: Jefferies sets HKD 132 target for Meituan stock
Published on 10/21/2026 at 16:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst target October 13, 2026
- Jefferies maintained a Buy rating and a HKD 132.00 target for Meituan on October 13, 2026.
- Second-quarter revenue rose 14.40 percent to CNY 104.64 billion, while net income reached CNY 2.15 billion.
- Meituan stock costs EUR 8.47 at Lang & Schwarz on October 21, 2026 at 4:35 p.m. CEST, 0.47 percent above the Frankfurt close of October 19, 2026.
- Meituan is scheduled to publish third-quarter results on November 26, 2026.
Jefferies maintained a Buy rating and a HKD 132.00 target for Meituan (ISIN KYG596691041) on October 13, 2026, according to Futunn. At HKD 74.70 on October 21, 2026, the target lies 76.71 percent above the Hong Kong price. Meituan was trading at EUR 8.47 at Lang & Schwarz on October 21, 2026 at 4:35 p.m. CEST, up 0.47 percent versus the Frankfurt close of October 19, 2026 at EUR 8.43.
Second-quarter profit recovered
For the second quarter ended June 30, 2026, revenue rose 14.40 percent year over year to CNY 104.64 billion from CNY 91.49 billion. Net income reached CNY 2.15 billion, compared with a loss of CNY 6.77 billion in the first quarter. The period figures and comparisons are reported in a detailed review by RecursiveGains.
Stock range and valuation
The Hong Kong share price stood at HKD 74.70 on October 21, 2026 at 4:08 p.m. HKT. The 52-week range was HKD 63.65 to HKD 108.00, placing the stock 30.83 percent below its high. Meituan's market capitalization was HKD 461.0 billion, while its price-to-earnings ratio was negative 10.10.
Results date and peer view
Meituan's investor-relations calendar names November 26, 2026 as the date for its third-quarter results. The company reported the date in its investor-relations materials at Meituan.
Comparison with peers
Meituan: up 0.47 percent versus the Frankfurt close, price-to-earnings ratio negative 10.10, market capitalization HKD 461.0 billion.
Alibaba Group (HKEX, HKD): down 1.14 percent, price-to-earnings ratio 23.73, market capitalization HKD 2.1 trillion.
JD.com (HKEX, HKD): down 1.63 percent, price-to-earnings ratio 17.07, market capitalization HKD 247.5 billion.
Analyst target sets the benchmark
The HKD 132.00 target gives investors a clear valuation benchmark, but it also sits well above the current Hong Kong price. The next scheduled results on November 26, 2026 will provide the next company-specific test of revenue growth and profitability.
Meituan was trading at EUR 8.47 at Lang & Schwarz on October 21, 2026 at 4:35 p.m. CEST, 0.47 percent above the Frankfurt close of October 19, 2026 at EUR 8.43.
The further course of trading is shown by the continuously updated real-time quote of Meituan stock.
Meituan market facts
- Company: Meituan
- ISIN: KYG596691041
- Ticker: 3690.HK
- Primary exchange: HKEX
- Price Lang & Schwarz (as of October 21, 2026, 4:35 p.m. CEST): EUR 8.47
- Change versus Frankfurt close: plus 0.47 percent
- Frankfurt close (October 19, 2026): EUR 8.43
- Market capitalization: HKD 461.0 billion (as of October 21, 2026)
- 52-week range: HKD 63.65-108.00 (as of October 21, 2026)
- Sector / Industry: Consumer Discretionary / Internet services
- Next earnings date: November 26, 2026
Market context: Latest market reports.
