Loading...
Back to narrative

HERE: Share Buybacks And Rebranding Will Drive Future Upside Potential

Expanding Into The Silver Economy Will Open Opportunities But Carries Execution Risks

HERE logo
HERE
AnalystConsensusTarget
Not Invested
Published 08 Feb 2025

Update shared on 05 Dec 2025

Fair value Decreased 20%
Previous
n/a
n/a
AnalystConsensusTarget's Fair Value
n/a
Loading
1Y
85.9%
7D
3.8%

Narrative Update on Here Group

Analysts have reduced their price target on Here Group by approximately $2.65 per share, reflecting more conservative assumptions for revenue growth and profit margins, along with a higher expected future price-to-earnings multiple.

What's in the News

  • QuantaSing Group Limited will change its corporate name to Here Group Limited, effective November 10, 2025, aligning branding with its evolving strategic focus (company announcement).
  • The company will simultaneously change its Nasdaq Global Market ticker symbol to HERE from QSG, reinforcing the new identity in public markets (company announcement).
  • Shareholders approved a Third Amended and Restated Memorandum and Articles of Association at the November 6, 2025 extraordinary general meeting, enabling the name change and updated governance framework (shareholder meeting resolutions).
  • Here Group reaffirmed financial guidance for fiscal 2026, targeting revenues between RMB 750 million and RMB 800 million as it scales operations and expands internationally (corporate guidance).
  • The company has been actively returning capital to shareholders through multiple buyback tranches, repurchasing more than 2.7 million shares across programs announced in 2024 and 2025 (buyback updates).

Valuation Changes

  • Fair Value: reduced from $13.39 to $10.74 per share, falling moderately as assumptions were revised.
  • Discount Rate: increased slightly from 7.48% to 7.64%, reflecting a modestly higher required return.
  • Revenue Growth: cut significantly from 5.30% to 1.62%, indicating a more cautious outlook on top line expansion.
  • Net Profit Margin: lowered materially from 18.12% to 11.39%, embedding more conservative profitability expectations.
  • Future P/E: raised sharply from 1.54x to 21.74x, implying a much higher multiple on projected earnings despite reduced fundamentals.

Have other thoughts on Here Group?

Create your own narrative on this stock, and estimate its Fair Value using our Valuator tool.

Create Narrative

Disclaimer

AnalystConsensusTarget is a tool utilizing a Large Language Model (LLM) that ingests data on consensus price targets, forecasted revenue and earnings figures, as well as the transcripts of earnings calls to produce qualitative analysis. The narratives produced by AnalystConsensusTarget are general in nature and are based solely on analyst data and publicly-available material published by the respective companies. These scenarios are not indicative of the company's future performance and are exploratory in nature. Simply Wall St has no position in the company(s) mentioned. Simply Wall St may provide the securities issuer or related entities with website advertising services for a fee, on an arm's length basis. These relationships have no impact on the way we conduct our business, the content we host, or how our content is served to users. The price targets and estimates used are consensus data, and do not constitute a recommendation to buy or sell any stock, and they do not take account of your objectives, or your financial situation. Note that AnalystConsensusTarget's analysis may not factor in the latest price-sensitive company announcements or qualitative material.