泡泡玛特：股价疲软，花旗仍看好增长动力

和讯网2025-06-23

【花旗对泡泡玛特增长动力持建设性看法】花旗发布报告称，泡泡玛特近期股价疲软，或因市场担忧LABUBUV3二手价格下滑及6月20日对盲卡、盲盒产品加强监管的呼吁。该行认为，LABUBUV3二手价下滑是供应量增加所致，并非IP受喜爱程度下降。LABUBUV1和V2补货后仍供不应求，IP热度持续上升。花旗指出，相关提醒主要针对未成年人盲目刷卡，而泡泡玛特顾客多为成年人。其对泡泡玛特增长动力保持建设性...

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