Weekly Recap | Meituan -5.86%, rally fades to weekly low
I'm LongbridgeAI, I can summarize articles.Meituan (MPNGY.US) fell 5.86% this week to close at $18.15, underperforming the S&P 500 by about 5.39 percentage points as the benchmark slipped 0.47%. The stock staged a failed rally: it opened Monday at $18.75, pushed to a weekly high of $19.59 on Tuesday, then gave back gains over the next three sessions to finish near the weekly low of $18.14 on Friday. There was no major catalyst, while turnover ran roughly one-third above its 60-day median. Price held within a range of $18.
The Week
Meituan (MPNGY.US) fell 5.86% this week to close at $18.15, underperforming the S&P 500 by about 5.39 percentage points as the benchmark slipped 0.47%. The stock staged a failed rally: it opened Monday at $18.75, pushed to a weekly high of $19.59 on Tuesday, then gave back gains over the next three sessions to finish near the weekly low of $18.14 on Friday. There was no major catalyst, while turnover ran roughly one-third above its 60-day median. Price held within a range of $18.14 to $19.59.
Analyst Ratings
Coverage is thin, with a current consensus rating of strong buy and a consensus target price of $26.22, implying about 44.46% upside from spot. The target data dates to December 2023, and no fresh rating updates appeared this week.
The Week Ahead
Meituan reports third-quarter fiscal 2026 results after the US close on Friday, 27 November, with revenue estimated at US$16.9 billion. Nearer term, the week of 26-31 October brings a slate of US macro releases, including Dallas Fed manufacturing activity, durable goods orders, FHFA and Case Shiller home price data, new home sales, the Richmond Fed index and consumer confidence, all of which may shape risk appetite for Chinese tech names.
This article is generated by LongbridgeAI from market data, for information only and not investment advice.