智通财经APP获悉，野村发布研报称，泡泡玛特(09992)2025年第一季业绩再次大幅超出预期，所有市场销售增长都加快，带动整体收入同比增长165%至170%，增速比去年下半年143%更快，显著高于公司增长超过100%的指引。该行维持对其“买入”评级，目标价从163港元上调至204港元，并将2025至2027年销售额预测上调19%至22%，盈利预测上调22%至25%。
野村指出，泡泡玛特拥有健全的IP生态系统，随着产品种类扩张，将为销售高速增长带来可见性，除频繁推出新产品外，公司亦不断与知名第三方IP合作，成功扩大客群，全球化布局也令品牌知名度提升。
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.