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This information is sourced from financial news.Xu Xin pointed out that both Meituan and 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The Chinese food delivery platform's leading sector position appears underpinned by its high-quality user base and higher average order value, they say. They project Meituan's core local commerce segment revenue to grow 4% in 2Q. Meituan is meanwhile likely to face easing competition in its in-store business, as rival Douyin shifts its focus to profitability, they add. CGI raises its 2026-2028 adjusted earnings per share forecasts by 1%-29% and upgrades its rating to add from hold. It also lifts its target price to 105 Hong Kong dollars from HK$86.00. 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