Analysts Trim MINISO Price Target to $13.64 While Maintaining Buy Rating
Analyst estimates for MINISO Group Holding Ltd. (HKEX:9896) show a lower 12-month price target, falling from $14.14 to $13.64 per share. Despite the price target trim, the updated average forecast reflects an estimated 42% upside relative to the stock's closing price on October 9.
Analyst sentiment on the retail company remains predominantly positive. Out of 16 analysts following the stock, 12 recommend buying the shares, four recommend holding, and none suggest selling. Individual price targets set by covering analysts range from $10.83 to $18.01 per share.
MINISO shares recently moved higher, rising 7.68% to 19.35 HKD. Investors will be keeping an eye on upcoming financial disclosures to evaluate whether company earnings support analyst expectations.
Key points
- Analysts lowered the average 12-month price target for MINISO Group Holding Ltd. from $14.14 to $13.64.
- The revised target implies approximately 42% upside based on the October 9 closing price.
- Individual price target estimates range between $10.83 and $18.01 per share among 14 analysts.
- The consensus rating remains at Buy, with 12 Buy, four Hold, and zero Sell recommendations.
- MINISO Group Holding Ltd. (HKEX:9896) shares gained 7.68% to trade at 19.35 HKD.
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What is the updated 12-month price target for MINISO Group?
The updated average 12-month price target for MINISO Group Holding Ltd. is $13.64 per share, down from the previous target of $14.14.
What is the consensus analyst rating for MINISO?
The consensus rating remains Buy across 16 covering analysts, consisting of 12 Buy ratings, four Hold ratings, and zero Sell ratings.
How much potential upside do analysts see for MINISO?
Based on the October 9 closing price, the revised average price target of $13.64 implies approximately 42% potential upside.