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G Sachs Adds POP MART's TP to $151, Lifts Earnings Forecasts by 14-17%
2025-04-28 11:35:46
According to a report issued by Goldman Sachs last Tuesday (22nd), POP MART (09992.HK)'s 1Q25 results delivered a positive performance.

Considering the YTD fluctuation in consumer sentiment, the strong growth in the offline market was a pleasant surprise. It is expected that the visibility for the 2Q growth will be relatively clearer with robust momentum in the sales of IP products, and that the launch of new products will become a catalyst. Goldman Sachs raised its 2025-27 earnings forecasts for POP MART by 14-17% accordingly.

Based on valuation, the broker kept a Neutral rating on the company and raised its price target from $132 to $151.
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