大行評級|麥格理:微升拼多多目標價至227美元 重申“跑贏大市”評級
麥格理將拼多多的目標價由224美元微升至227美元,重申評級為“跑贏大市”。麥格理預計Temu的快速增長將持續,預計到2025年,其收入貢獻將達到集團一半水平。在不斷變化的地緣政治不確定性中,HCM應該成為一個重要的增長支柱,未來將帶來顯著的盈利增長潛力。穩定的國內電子商務格局應可支持健康的在線營銷服務核心廣吿收入和現金流。該行預計拼多多第三季調整後的淨利潤將達到300億元,與市場共識大致一致。
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