The estimated fair value and average 12-month analyst price target for Meituan (traded on the Hong Kong Stock Exchange under ticker 3690) hovers around 108 to 121 HKD per share, derived from institutional discounted cash flow models and earnings multiples. Valuation metrics fluctuate based on the company's dominant position in Chinese food delivery, local commerce, and e-commerce services, balanced against broader macroeconomic conditions, consumer spending trends in Asia, and regulatory shifts impacting the technology sector.