Goldman Sachs: Maintains Meituan-W's target price at HKD 194, focusing on expansion in the Middle East

Zhitong
2024.10.21 05:21

Goldman Sachs released a research report stating that it maintains a target price of HKD 194 for Meituan-W and a "buy" rating. Goldman Sachs mentioned that the main focus of investors currently is on: the expansion of its subsidiary Keeta in the Middle East, the growth of Meituan's food delivery orders/average order value prospects, store competition, expansion of Meituan InstaMart, etc., with food delivery, stores, and other businesses maintaining strong and stable performance

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