Reported 8 months ago
After a significant turnaround to become one of the top-performing tech stocks in China, Meituan is expected to continue its stock rally due to reduced competition and improved profitability. Analysts project a 17% increase in shares over the next year with record earnings anticipated. Cost-cutting measures, successful overseas expansion, and decreased rivalry from competitors like Douyin and Alibaba are contributing to Meituan's positive outlook, with the stock receiving numerous buy recommendations and price target upgrades.
Source: YAHOO