Bank of America keeps Buy rating for Midea stock at HKD 112.00 target

Published on 10/15/2026 at 11:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Midea posted HKD 128.92 billion in revenue for the quarter ended June 30. Midea stock trades at EUR 10.64 on October 15, 2026, while an analyst target stands at HKD 112.00.

Analyst view and operating scale

Bank of America Securities maintained a Buy rating and HKD 112.00 target on October 14, 2026.
Midea reported HKD 128.92 billion in quarterly revenue and HKD 13.71 billion in net profit for the period ended June 30.
Midea stock was trading at EUR 10.64 at 11:00 a.m. CEST at Lang & Schwarz on October 15, 2026.

Midea, CNE100006M58, Illustration mit AI erstellt.

Midea maintained its appeal in a fresh analyst update, with Bank of America Securities keeping a Buy rating and setting a HKD 112.00 target on October 14, 2026. The call came as investors prepared for the company’s next quarterly disclosure.

Analyst support meets softer demand

According to Markets Insider, the latest quarter ended June 30 produced HKD 128.92 billion in revenue and HKD 13.71 billion in net profit, compared with HKD 123.90 billion and HKD 13.59 billion a year earlier. That comparison points to revenue growth of 4.05 percent and net profit growth of 0.88 percent.

A separate report carried by Futunn said Bank of America expected third-quarter revenue to decline 3 percent amid pressure on domestic consumer demand. The same report said the bank kept Midea as its top sector pick and retained the H-share target at HKD 112.00.

Three milestones shape the picture

In fiscal year 2025, Midea reported RMB 458.50 billion in revenue and RMB 43.95 billion in net profit attributable to owners, according to the company’s investor-relations materials. On October 9, 2026, Midea completed the acquisition of a majority stake in medical-imaging specialist Esaote, a transaction described by EQS Group as an expansion of Midea’s healthcare activities. The October 14 analyst update then placed the HKD 112.00 target above the company’s near-term earnings debate.

When are the next results due?

Midea has scheduled October 29, 2026, for its board to review and approve third-quarter results covering the nine months ended September 30, according to TipRanks. That date gives investors a defined checkpoint for testing whether overseas growth can offset weaker domestic demand.

Stock price and next checkpoint

Midea’s operating profile combines household appliances with building technologies, industrial equipment and healthcare expansion. The next material catalyst is the October 29 results review, while the HKD 112.00 target keeps analyst expectations tied to the earnings outcome.

Midea stock was trading at EUR 10.64 at Lang & Schwarz on October 15, 2026 at 11:00 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Midea stock.