Citi: First assigns a "Buy" rating to Meitu, target price HKD 7.

Citigroup released a research report stating that it has initiated coverage of Meitu Inc. with a "Buy/High Risk" rating and a target price of HKD 7. The bank believes that the market has underestimated Meitu's AI-driven potential for growth as an early mover in product and monetization model transformation. Citigroup also opined that Meitu's commitment to enhancing shareholder returns and the chairman's continuous increase in shareholding could provide support for the stock price.