Pop Mart's Business May Face Some Challenges in 2026 -- Market Talk

Dow Jones12-22 11:35

0335 GMT - Pop Mart International's business might face some challenges in 2026, according to Deutsche Bank's Sammi Xu in commentary. "We sense the sentiment on Pop Mart has gradually declined towards year end and investors generally hold a more cautious view on its [intellectual property] cycle and 2026 revenue forecast," the analyst says. This is mainly due to less store traffic and social-media discussion, as well as weak holiday sales in the U.S., Xu says. Investors are cautious about the 2026 outlook, Xu says. If Pop Mart can launch another blockbuster IP that enjoys similar popularity to Labubu, investors' concerns would likely to be alleviated, Xu notes. DB has a hold rating on the stock, with a target price of HK$228.00. Shares last traded at HK$200.40. (tracy.qu@wsj.com)

(END) Dow Jones Newswires

December 21, 2025 22:35 ET (03:35 GMT)

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This is mainly due to less store traffic and social-media discussion, as well as weak holiday sales in the U.S., Xu says. Investors are cautious about the 2026 outlook, Xu says. If <a href=\"https://laohu8.com/S/09992\">Pop Mart</a> can launch another blockbuster IP that enjoys similar popularity to Labubu, investors' concerns would likely to be alleviated, Xu notes. DB has a hold rating on the stock, with a target price of HK$228.00. Shares last traded at HK$200.40. (tracy.qu@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 21, 2025 22:35 ET (03:35 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Pop Mart's Business May Face Some Challenges in 2026 -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPop Mart's Business May Face Some Challenges in 2026 -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-12-22 11:35</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0335 GMT - <a href=\"https://laohu8.com/S/PMRTY\">Pop Mart</a> International's business might face some challenges in 2026, according to Deutsche Bank's Sammi Xu in commentary. \"We sense the sentiment on <a href=\"https://laohu8.com/S/POPMF\">Pop Mart</a> has gradually declined towards year end and investors generally hold a more cautious view on its [intellectual property] cycle and 2026 revenue forecast,\" the analyst says. This is mainly due to less store traffic and social-media discussion, as well as weak holiday sales in the U.S., Xu says. Investors are cautious about the 2026 outlook, Xu says. If <a href=\"https://laohu8.com/S/09992\">Pop Mart</a> can launch another blockbuster IP that enjoys similar popularity to Labubu, investors' concerns would likely to be alleviated, Xu notes. DB has a hold rating on the stock, with a target price of HK$228.00. Shares last traded at HK$200.40. 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This is mainly due to less store traffic and social-media discussion, as well as weak holiday sales in the U.S., Xu says. Investors are cautious about the 2026 outlook, Xu says. If Pop Mart can launch another blockbuster IP that enjoys similar popularity to Labubu, investors' concerns would likely to be alleviated, Xu notes. DB has a hold rating on the stock, with a target price of HK$228.00. Shares last traded at HK$200.40. 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This is mainly due to less store traffic and social-media discussion, as well as weak holiday sales in the U.S., Xu says. Investors are cautious about the 2026 outlook, Xu says. If Pop Mart can launch another blockbuster IP that enjoys similar popularity to Labubu, investors' concerns would likely to be alleviated, Xu notes. DB has a hold rating on the stock, with a target price of HK$228.00. Shares last traded at HK$200.40. 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