<h3>JP Morgan: Raises Meituan's target price from HKD 110 to HKD 130, maintains &#34;Overweight&#34; rating</h3>
<p>The report indicates that following Meituan's announcement of its first-quarter performance in 2024, the bank is more optimistic about the company's profit prospects. The upward revision of market's positive profit forecasts is expected to be a key driver of the stock price increase in the coming quarters. The bank believes that Meituan's continuous improvement in service levels for merchants, as well as the execution of streamlining marketing and logistics efficiency, will lead to resilient profit growth in the company's core local commerce business.</p>
<h3>UBS: Raises Meituan's target price to HKD 158</h3>
<p>The report states that Meituan's first-quarter performance exceeded expectations. The bank believes that the group's industry-leading position provides it with pricing power, and continued stable competition helps alleviate investor concerns and enhance visibility. The bank believes that Meituan's stock price may already reflect some positive factors, but still recommends investors to focus on the untapped potential of the local service industry after the 2024 fiscal year.</p>
<p>The bank expects the group's compound annual profit growth rate from 2023 to 2025 to be 52%, and has raised its adjusted earnings per share forecast for 2024 to 2026 by 5% to 10%.</p>
<h3>Bank of America: Raises NIO's target price from HKD 46 to HKD 47, reiterates &#34;Neutral&#34; rating</h3>
<p>The report indicates that NIO's first-quarter results met expectations, with overall gross margin exceeding expectations. The group's second-quarter delivery target is 54,000 to 56,000 vehicles, representing a year-on-year increase of 130% to 138% and a quarter-on-quarter increase of 80% to 86%.</p>
<p>The bank has raised NIO's sales forecasts for 2024/25/26 by 8%, 4%, and 3%, raising the target price from HKD 46 to HKD 47, and reiterating a &#34;Neutral&#34; rating. This is due to the expectation that the positive impact of sales growth in 2024 will be partially offset by the slowdown in profit margin expansion.</p>
<h3>Oppenheimer: Raises Microsoft's target price from USD 450 to USD 500</h3>

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<p>Morgan Stanley raised Meituan's target price from HKD 110 to HKD 130, maintaining an "overweight" rating. Following the quarterly report, the bank is more optimistic about the company's profit prospects. The market's positive earnings forecast revision is expected to be the main driver for the stock price to rise in the coming quarters</p>

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Rating Quick Look | Meituan, NIO's target price raised after performance! Microsoft is optimistic