Recently, Meitu released a performance forecast for the first half of 2026, showing that the number of paid subscription users reached a record high, and the consumption of ARR and AI computing power points for productivity applications is growing rapidly. A number of major banks, including Goldman Sachs, UBS, and Bank of America, released reports indicating that Meitu is currently undervalued and maintains a “buy” rating. According to the announcement, Meitu expects adjusted net profit to be increased by 36% to 40% year-on-year in the first half of 2026. UBS reported that this net profit exceeded market expectations and consensus forecasts by 4% to 12%. Currently, Meitu's valuation is 9-10 times the expected price-earnings ratio in 2027. It still gives a “buy” rating, and the target price is HK$7.2. According to the announcement, as of June 2026, the number of Meitu paid subscribers exceeded 18.44 million, and revenue from video and design products increased by 30.9% year-on-year to about 1.8 billion yuan. Bank of America reports that the average revenue per user of Meitu Imaging and Design products is expected to increase 6% year-on-year in the first half of 2026. The strong increase in AI computing power point consumption indicates that user participation in AI-driven visual creative workflows continues to deepen, and is expected to further boost ARPU for productivity applications. Bank of America believes that Meitu's paid subscription growth and operating leverage are driving the fundamentals to continue to improve, and the current valuation level is low. PEG is only 0.3 times, while the average of leading US peers is about 1 times, so it maintains a “buy” rating, with a target price of HK$7.4. As of June 2026, Meitu's AI productivity application ARR increased 47.8% year over year to over 620 million yuan. According to the Goldman Sachs report, this was mainly due to the start of production and the strong growth of Vmake. Meanwhile, MVLAND, the newly launched AI music video generation product, doubled ARR within three months, reflecting users' demand for new products and the company's ability to rapidly develop new products and bring incremental revenue. Goldman Sachs said it remains optimistic about the new features and products driving up payment rates, and is optimistic about the contribution of new products such as MVLAND and Picchi, maintaining a “buy” rating, with a target price of HK$12.3.

Recently, Meitu released a performance forecast for the first half of 2026, showing that the number of paid subscription users reached a record high, and the consumption of ARR and AI computing power points for productivity applications is growing rapidly. A number of major banks, including Goldman Sachs, UBS, and Bank of America, released reports indicating that Meitu is currently undervalued and maintains a “buy” rating. According to the announcement, Meitu expects adjusted net profit to be increased by 36% to 40% year-on-year in the first half of 2026. UBS reported that this net profit exceeded market expectations and consensus forecasts by 4% to 12%. Currently, Meitu's valuation is 9-10 times the expected price-earnings ratio in 2027. It still gives a “buy” rating, and the target price is HK$7.2. According to the announcement, as of June 2026, the number of Meitu paid subscribers exceeded 18.44 million, and revenue from video and design products increased by 30.9% year-on-year to about 1.8 billion yuan. Bank of America reports that the average revenue per user of Meitu Imaging and Design products is expected to increase 6% year-on-year in the first half of 2026. The strong increase in AI computing power point consumption indicates that user participation in AI-driven visual creative workflows continues to deepen, and is expected to further boost ARPU for productivity applications. Bank of America believes that Meitu's paid subscription growth and operating leverage are driving the fundamentals to continue to improve, and the current valuation level is low. PEG is only 0.3 times, while the average of leading US peers is about 1 times, so it maintains a “buy” rating, with a target price of HK$7.4. As of June 2026, Meitu's AI productivity application ARR increased 47.8% year over year to over 620 million yuan. According to the Goldman Sachs report, this was mainly due to the start of production and the strong growth of Vmake. Meanwhile, MVLAND, the newly launched AI music video generation product, doubled ARR within three months, reflecting users' demand for new products and the company's ability to rapidly develop new products and bring incremental revenue. Goldman Sachs said it remains optimistic about the new features and products driving up payment rates, and is optimistic about the contribution of new products such as MVLAND and Picchi, maintaining a “buy” rating, with a target price of HK$12.3.