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HERE Revenue Outlook And Margin Expansion Will Support Upside Potential

China And Asia EdTech Will Surge Despite Regulatory Risks

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HERE
AnalystHighTarget
Not Invested
Published 19 Jul 2025

Update shared on 19 Dec 2025

Fair value Decreased 12%
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AnalystHighTarget's Fair Value
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1Y
170.4%
7D
-0.4%

Analysts have trimmed their price target on Here Group from approximately $15.99 to $14.11 per share, citing slightly higher discount rate assumptions, which are offset by an improving revenue trajectory, stronger expected profit margins, and higher valuation multiples.

What's in the News

  • Here Group Limited issued full year fiscal 2026 revenue guidance of RMB 750.0 million to RMB 800.0 million, indicating confidence in scaling operations and international expansion (Key Developments).
  • The company completed a share repurchase program totaling 500,000 shares, or 0.92 percent of shares outstanding, for $5 million, including 306,447 shares bought between July 1, 2025 and November 28, 2025 (Key Developments).
  • Shareholders approved amendments to the company memorandum and articles of association, paving the way for a new corporate name and updated governance framework (Key Developments).
  • Effective November 10, 2025, QuantaSing Group Limited will change its corporate name to Here Group Limited and its Nasdaq Global Market ticker symbol to HERE from QSG (Key Developments).
  • An extraordinary shareholders meeting was held on November 6, 2025 in Beijing to vote on the governance changes and rebranding to Here Group Limited (Key Developments).

Valuation Changes

  • Fair Value Estimate was reduced moderately from $15.99 to $14.11 per share, reflecting a more conservative intrinsic valuation.
  • The Discount Rate rose slightly from 7.46 percent to 7.66 percent, implying a marginally higher required return and risk premium.
  • Revenue Growth improved from a steeper expected decline of approximately minus 3.24 percent to a milder decline of about minus 1.54 percent, signaling a less negative growth outlook.
  • Net Profit Margin increased meaningfully from roughly 12.95 percent to 17.53 percent, indicating stronger anticipated profitability levels.
  • Future P/E edged down from about 22.09 times to 20.31 times forward earnings, suggesting a slightly lower valuation multiple applied to projected profits.

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Disclaimer

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