Citi said Bubble Mart's revenue decline of 45%-50% in the third quarter fell short of expectations, mainly because sales in China and Asia fell short of expectations. Taking into account the weakening revenue and pressure on profit margins, the bank lowered its profit forecast for the company and lowered the target price to HK$162. Jefferies also cut Bubble Mart's target price by 9.6% to HK$132. Citi analyst Lydia Ling and others pointed out in the report that Bubble Mart's sales in the US and Europe are generally in line with expectations. After the third quarter was affected by the high base for the same period last year, the company's fourth quarter results are expected to improve sequentially. The company's revenue is expected to drop 16% year over year. Jefferies analyst Jingjue Pei and others pointed out in the report that due to deleveraging overseas business operations, the company's profit forecast for 2027-2028 was lowered by 9%-12%. Despite the company's weak results in the third quarter, risk and return are currently balanced. Bubble Mart has dropped nearly 30% this year, and the latest closing price was HK$132.

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