Citi opens ‘positive 90 -day catalyst watch’ on QuantaSing Group

Citi opened a “positive 90 -day catalyst watch” on Buy-rated QuantaSing. The firm cites the company’s “key milestones” being the WAKUKU Gen-2 restocking mid-June after severe shortages, the June-July new IP launches, the initial flagship store openings from 10-store rollout, proving payback economics, as well as the upcoming Q2 results that will show Letsvan’s first full-quarter contribution, the analyst tells investors in a research note. Citi’s price target on the stock is $9.52.