CLSA analyst Elinor Leung maintained a Buy rating on Meituan today and set a price target of HK$143.00. The company’s shares closed yesterday at $13.25.
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According to TipRanks, Leung is a 4-star analyst with an average return of 11.4% and a 48.17% success rate. Leung covers the Communication Services sector, focusing on stocks such as Tencent Holdings , Kuaishou Technology Class B, and Baidu.
In addition to CLSA, Meituan also received a Buy from TR | OpenAI – 4o’s Rina Curatex in a report issued yesterday. However, on September 17, TR | OpenAI – 4o reiterated a Hold rating on Meituan (Other OTC: MPNGF).
MPNGF market cap is currently $82.07B and has a P/E ratio of 19.57.
Read More on MPNGF:
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- Meituan Stock (MPNGF) Drops Despite Emerging as Latest Chinese AI Champion
- Meituan downgraded to Sell from Neutral at Arete
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- Meituan price target lowered to $10 from $15 at Barclays
- Meituan Downgraded to Sell Amid Profitability Concerns and Slowing Growth
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