03690 Stock: Price, Forecast, Financials & AI Analysis

High

Open

VWAP

Vol

Mkt Cap

Low

Amount

EV/EBITDA(TTM)

Total Shares

EV/OCF(TTM)

P/S(TTM)

0 Analyst Rating

Wall Street analysts forecast 03690 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 03690 is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

0 Buy

0 Hold

0 Sell

Current: 0.000

Low

Averages

High

Current: 0.000

Low

Averages

High

CICC

Outperform

maintain

$125

2025-12-19

Reason

CICC

Price Target

$125

2025-12-19

maintain

Outperform

Reason

The analyst rating for MEITUAN-W (03690.HK) is "Outperform" based on several key factors highlighted in the CICC research report. The management's insights during a recent non-deal roadshow indicated confidence in the company's ability to drive profits back to reasonable levels in the long term, particularly as the focus of food delivery competition shifts to high-value users. CICC maintained its forecasts, projecting a 2025 adjusted net loss of RMB16.8 billion and a 2026 adjusted net profit of RMB19.6 billion. The target price of $125 reflects a 15x adjusted PE ratio for 2027, suggesting a 23% upside potential from the current share price, which corresponds to a lower 12x adjusted PE ratio for the same year.

S&P Global

A-

maintain

2025-12-02

Reason

S&P Global

Price Target

2025-12-02

maintain

A-

Reason

The analyst rating from S&P Global for Meituan (03690.HK) is influenced by several factors indicating that the risks to the company's EBITDA recovery are increasing. The primary reasons include: 1. Rising Costs: Meituan is facing increasing costs to maintain its market leadership in local commerce, which may hinder the recovery of its profit margins. 2. Lower EBITDA Margin Forecast: The company’s food delivery segment is expected to have an EBITDA margin in 2026 that is lower than initially forecasted, suggesting a slower recovery than anticipated. 3. Increased Marketing Investment: As subsidies decrease, Meituan may need to invest more in marketing to attract and retain customer loyalty and ensure the quality of rider services, further impacting its costs. 4. Competitive Pressure: The narrowing cost gap in delivery services between Meituan and its main competitor, Alibaba (BABA-W), is likely to increase Meituan's expenses related to maintaining brand recognition and consumer awareness. Overall, these factors contribute to a more cautious outlook on Meituan's financial recovery, leading S&P Global to assign an A- credit rating with a Stable outlook.

JPMorgan

Neutral

downgrade

$100 -> $95

2025-12-02

Reason

JPMorgan

Price Target

$100 -> $95

2025-12-02

downgrade

Neutral

Reason

JPMorgan's cautious stance on MEITUAN-W (03690.HK) is based on uncertainties surrounding three key areas: competition in the food delivery business, the sustainability of profits in the in-store business, and the execution of overseas expansion. These factors contribute to weakened financial visibility and increased risk of earnings volatility, prompting the firm to maintain a Neutral rating and lower its target price from HKD100 to HKD95.

China Merchants Securities

Overweight

maintain

$139

2025-12-02

Reason

China Merchants Securities

Price Target

$139

2025-12-02

maintain

Overweight

Reason

The analyst rating from China Merchants Securities for MEITUAN-W (03690.HK) is based on the anticipation that the company's earnings will recover next year due to its stable high customer order share. Despite a decline in gross profit and an operating loss in the recent quarter, the firm maintains a positive outlook, projecting that the core local business operating loss will be manageable. They have set a target price of HKD139 and assigned an "Overweight" rating, indicating confidence in the company's future performance.

Daiwa

Buy

downgrade

$170 -> $140

2025-12-01

Reason

Daiwa

Price Target

$170 -> $140

2025-12-01

downgrade

Buy

Reason

The analyst rating for MEITUAN-W (03690.HK) was maintained at "Buy" by Daiwa due to signs of a gradual moderate recovery across various businesses, particularly in the food delivery sector where losses are stabilizing. Despite anticipated losses in new businesses and pressure on profit margins in the in-store segment, the achievement of breakeven in Keeta's Hong Kong operations and confidence in its development in other regions contributed to the positive outlook. However, the target price was reduced from $170 to $140, and EPS estimations for 2026-2027 were lowered by 23-43% due to expected increased investment leading to expanded losses for Keeta next year.

Goldman Sachs

Buy

downgrade

$139 -> $120

2025-12-01

Reason

Goldman Sachs

Price Target

$139 -> $120

2025-12-01

downgrade

Buy

Reason

The analyst rating for Meituan-W (03690.HK) was maintained as a Buy despite a reduction in the 12-month target price from HKD139 to HKD120. This decision was influenced by a lower-than-expected loss reported in their 3Q25 results and a revised forecast for long-term food delivery EBIT per order, as well as a change in the P/E multiple for in-store, hotel, and travel segments. The broker expressed confidence in Meituan's overall leadership in local services, and noted that the stock has underperformed year-to-date, with a favorable skew in their valuation scenarios (+48% bull, +17% base, -25% bear) compared to the current share price.

Valuation Metrics

The current forward P/E ratio for MEITUAN-W (03690.HK) is -50.75, compared to its 5-year average forward P/E of 30.60. For a more detailed relative valuation and DCF analysis to assess MEITUAN-W 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

N/A

5Y Average PE

30.60

Current PE

-50.75

Overvalued PE

152.17

Undervalued PE

-90.97

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

N/A

5Y Average EV/EBITDA

-7.55

Current EV/EBITDA

24.02

Overvalued EV/EBITDA

104.54

Undervalued EV/EBITDA

-119.64

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

5Y Average PS

3.46

Current PS

1.45

Overvalued PS

5.63

Undervalued PS

1.28

Financials

Annual

Quarterly

Trading Trends

Insider

Insiders are Neutral. There are no significant trading trends over the last month.

Sold

Bought

Hedge Fund

Hedge Funds are Neutral. There are no significant trading trends over the last quarter.

Sold

Bought

Congress Trading

Congress are Neutral. There are no significant trading trends over the last month.

Sold

Bought

Insider

Insiders are Neutral. There are no significant trading trends over the last month.

Sold

Bought

03690 News & Events

Events Timeline

No data

News

4.5

10:25 AMaastocks

HKD2B Net Inflow from Southbound Trading to TENCENT

4.5

04:28 AMaastocks

HSI Declines 272 Points at Midday; BABA-W Decreases by 4%; Chip Stocks Surge Despite Market Trends

3.0

04:05 AMaastocks

G Sachs Publishes EPS CAGR Projections for Top 10 Private Companies in China (Table)

People Also Watch

Frequently Asked Questions

What is MEITUAN-W (03690) stock price today?

The current price of 03690 is 104.5 USD — it has decreased -1.51 % in the last trading day.

What is MEITUAN-W (03690)'s business?

What is the price predicton of 03690 Stock?

Wall Street analysts forecast 03690 stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for 03690 is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

What is MEITUAN-W (03690)'s revenue for the last quarter?

MEITUAN-W revenue for the last quarter amounts to NaN USD, decreased % YoY.

What is MEITUAN-W (03690)'s earnings per share (EPS) for the last quarter?

MEITUAN-W. EPS for the last quarter amounts to USD, decreased % YoY.

What changes have occurred in the market's expectations for MEITUAN-W (03690)'s fundamentals?

The market is revising No Change the revenue expectations for 03690 for , with the revenue forecasts being adjusted by % over the past three months. During the same period, the stock price has changed by %.

How many employees does MEITUAN-W (03690). have?

MEITUAN-W (03690) has 0 emplpoyees as of January 07 2026.

What is MEITUAN-W (03690) market cap?

Today 03690 has the market capitalization of 0.00 USD.

03690

Overview

Forecast

Valuation

Earnings

03690

Overview

Forecast

Valuation

Earnings

Valuation Metrics

Forward PE

Forward EV/EBITDA

Forward PS

Financials

Trading Trends

03690 News & Events

Events Timeline

No data

News

People Also Watch

Frequently Asked Questions

What is MEITUAN-W (03690) stock price today?

What is MEITUAN-W (03690)'s business?

What is the price predicton of 03690 Stock?

What is MEITUAN-W (03690)'s revenue for the last quarter?

What is MEITUAN-W (03690)'s earnings per share (EPS) for the last quarter?

What changes have occurred in the market's expectations for MEITUAN-W (03690)'s fundamentals?

How many employees does MEITUAN-W (03690). have?

What is MEITUAN-W (03690) market cap?