Latest news with #MONSTERS
Yahoo
a day ago
- Business
- Yahoo
Pop Mart's 200% Stock Rally Spurs Rush to Hike Price Targets
(Bloomberg) -- Wall Street analysts are rushing to raise price targets on Pop Mart International Group Ltd. following the success of its Labubu dolls. Shuttered NY College Has Alumni Fighting Over Its Future Trump's Military Parade Has Washington Bracing for Tanks and Weaponry NYC Renters Brace for Price Hikes After Broker-Fee Ban Do World's Fairs Still Matter? NY Long Island Rail Service Resumes After Grand Central Fire At least five brokerages, including Deutsche Bank AG and Morgan Stanley, have lifted projections on the Hong Kong-listed stock this week. Citigroup Inc. hiked its price target by 90% to a street high of HK$308 apiece, citing the growing influence of the company's intellectual properties globally. Pop Mart shares rose as much as 3.5% on Friday, extending their year-to-date climb to around 200%, before erasing those gains midday. Earlier this week, the stock touched a fresh record high. The growing popularity of Pop Mart's toothy monster dolls is boosting sales prospects for the firm. THE MONSTERS blind-box series, with Labubu at its center, generated more than 3 billion yuan in sales for Pop Mart last year, accounting for almost one-fourth of the company's revenue. Read: Tepid Flows Into China Gen Z ETFs Hint at Upside: Taking Stock Pop Mart is trading above the 12-month average analyst price target tracked by Bloomberg and the rally has pushed shares to overbought territory. While valuations at 45 times forward earnings have topped that for peers like Sanrio Co. and Walt Disney Co., some analysts are optimistic that shares can continue to rise after tripling so far this year. The stock is the best performer on the MSCI China Index this year after making it among the biggest gainers on the gauge in 2024. (Updates share move in third paragraph) American Mid: Hampton Inn's Good-Enough Formula for World Domination The Spying Scandal Rocking the World of HR Software New Grads Join Worst Entry-Level Job Market in Years US Tariffs Threaten to Derail Vietnam's Historic Industrial Boom As Companies Abandon Climate Pledges, Is There a Silver Lining? ©2025 Bloomberg L.P. Sign in to access your portfolio
Malaysian Reserve
2 days ago
- Business
- Malaysian Reserve
Pop Mart's 200% stock rally spurs rush to hike price targets
WALL Street analysts are rushing to raise price targets on Pop Mart International Group Ltd. following the success of its Labubu dolls. At least five brokerages, including Deutsche Bank AG and Morgan Stanley, have lifted projections on the Hong Kong-listed stock this week. Citigroup Inc. hiked its price target by 90% to a street high of HK$308 apiece, citing the growing influence of the company's intellectual properties globally. Pop Mart shares rose as much as 3.5% on Friday, extending their year-to-date climb to around 200%, before erasing those gains midday. Earlier this week, the stock touched a fresh record high. The growing popularity of Pop Mart's toothy monster dolls is boosting sales prospects for the firm. THE MONSTERS blind-box series, with Labubu at its center, generated more than 3 billion yuan in sales for Pop Mart last year, accounting for almost one-fourth of the company's revenue. Pop Mart is trading above the 12-month average analyst price target tracked by Bloomberg and the rally has pushed shares to overbought territory. While valuations at 45 times forward earnings have topped that for peers like Sanrio Co. and Walt Disney Co., some analysts are optimistic that shares can continue to rise after tripling so far this year. The stock is the best performer on the MSCI China Index this year after making it among the biggest gainers on the gauge in 2024. –BLOOMBERG
Business Times
2 days ago
- Business
- Business Times
Pop Mart's 200% stock rally spurs rush to hike price targets
WALL Street analysts are rushing to raise price targets on Pop Mart International Group following the success of its Labubu dolls. At least five brokerages, including Deutsche Bank AG and Morgan Stanley, have lifted projections on the Hong Kong-listed stock this week. Citigroup hiked its price target by 90 per cent to a street high of HK$308 apiece, citing the growing influence of the company's intellectual properties globally. Pop Mart shares rose as much as 3.5 per cent on Friday, putting them on track for a fresh record close. The growing popularity of Pop Mart's toothy monster dolls is boosting sales prospects for the firm. THE MONSTERS blind-box series, with Labubu at its center, generated more than 3 billion yuan in sales for Pop Mart last year, accounting for almost one-fourth of the company's revenue. Pop Mart is trading above the 12-month average analyst price target tracked by Bloomberg and the rally has pushed shares to overbought territory. While valuations at 45 times forward earnings have topped that for peers like Sanrio and Walt Disney, some analysts are optimistic that shares can continue to rise after tripling so far this year. The stock is the best performer on the MSCI China Index this year after making it among the biggest gainers on the gauge in 2024. BLOOMBERG
