Stock Track | MEITU Soars 5.14% Intraday After Analyst Reiterates Recommend Rating on Strong Q1 Update

Stock Track

05/11

MEITU's stock price surged 5.14% during Monday's intraday trading session.

The sharp rise follows a positive research report from Hua Chuang Securities, which reiterated its "Recommend" rating for the company. The bank's optimism is based on MEITU's latest business update for the first quarter of 2026, which showed resilient growth in its core imaging and design revenue.

The report highlighted a 34.3% year-on-year increase in imaging and design product revenue and over 30% growth in paying subscribers. Furthermore, the company disclosed strong metrics for its AI productivity tools, including a 56.2% increase in annual recurring revenue. Hua Chuang Securities maintained a target price of HK$6.7 for the stock, citing the company's successful shift towards an AI-powered creative productivity platform.

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