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Morgan Stanley Ups Meitu (01357) Target Price to HK$15.7, Maintains 'Overweight' Rating
2 week ago /
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Author：小编
Morgan Stanley has released a research report, maintaining its 'Overweight' rating for Meitu and elevating the target price to HK$15.7. The report highlights Meitu's long-term growth potential, underscored by its distinct development roadmap, focused strategy, generative AI application prowess, and robust business expansion plan. The company aims to boost its total paid user ratio to 8% to 10% over the next few years, with the goal of doubling its subscription revenue. Furthermore, Meitu is revamping its overseas lifestyle product line, with a particular emphasis on expanding into the U.S. and EU markets, where the paid user ratio for its related products in the U.S. is already nearing 50%.
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