泡泡玛特（09992.HK）近期的股价回调或为投资者提供入场契机。CGS国际分析师指出，部分买方机构对该公司上半年净利润的预期区间达45亿至55亿元人民币，同比增幅高达340%-440%。这意味着泡泡玛特此前"不低于350%"的预增指引仅触及预期下限。
当前市场对其IP可持续性存在疑虑，分析师认为"在强劲涨势中部分投资者选择获利了结实属合理"。不过该机构强调，泡泡玛特在IP运营及商业化能力方面具备显著优势，其IP生命周期可能超出市场预期。值得关注的是，公司市值管理能力与IP矩阵协同效应尚未被充分定价。
截至发稿，该股下跌4.3%至251.80港元（约合人民币234元），创近三周最大单日跌幅。此次回调发生在股价年内累计上涨67%之后，技术性调整特征明显。分析师特别提及，公司新推出的珍藏系列产品预售数据亮眼，或将成为下半年业绩超预期的关键变量。
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