Pop Mart PT Upgrades to HK$300: Too Late to Chase the Rally?
Labubu is now becoming a household name, and new IPs like Crybaby, Skullpanda, and Hirono are quickly catching up.
Some in the investment community argue that when everyone starts chasing the trend, it's time to exit—there may not be much upside left.
Morgan Stanley released a report that upgrades Pop Mart's PT to HKD 303.
Do you think Pop Mart's bubble is about to burst?
Or do you still believe in its IP incubation capabilities?