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<Research>Citi Elevates UBTECH ROBOTICS (09880.HK) TP to $170, Changes Rating to Buy
Recommend 8 Positive 14 Negative 9 |
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UBTECH ROBOTICS (09880.HK)'s management is confident in delivering over 500/ 2,000-3,000 humanoid robots in 2025/ 2026 each, Citi Research issued a research report saying. The Company said that the average selling price of its humanoid robots is RMB700,000, higher than the broker's forecast of RMB500,000, with material costs ranging from RMB300,000 to RMB400,000. Citi Research raised its 2025/ 2026 revenue forecasts for UBTECH ROBOTICS by 5%/ 3% each, and elevated its target price from $121 to $170 to reflect the positive outlook for UBTECH ROBOTICS' humanoid robots. Due to the Company's increased transaction records and narrowing net losses, the broker removed High Risk from its rating of Buy/ High Risk. AASTOCKS Financial News Website: www.aastocks.com |
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