4月25日周五盘中，港股泡泡玛特（09992.HK）股价出现显著下跌，跌幅高达5.05%，引发市场关注。这一跌势与近期该公司发布的积极消息形成鲜明对比，令投资者感到意外。
就在下跌前，中金公司发布研报大幅上调泡泡玛特目标价。报告指出，公司2025财年第一季度预计收入同比增长165%至170%，其中中国市场收入增长95%至100%，海外市场收入更是大涨475%至480%，均超出市场预期。基于优秀的业绩表现，中金将泡泡玛特目标价上调29%至220港元，维持"跑赢行业"评级。
然而，尽管有如此利好消息，泡泡玛特股价仍出现大幅下跌。分析人士认为，这可能是由于投资者对近期股价涨幅过高产生担忧，从而引发获利回吐。数据显示，泡泡玛特过去一年股价涨幅高达425.8%，如此巨大的涨幅可能让一些投资者感到不安。此外，市场也可能对公司海外业务近900%的惊人增速的可持续性产生质疑，担心如此高速增长难以长期维持。投资者需密切关注泡泡玛特后续业绩表现，以评估其增长潜力是否能够支撑当前估值。
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