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<Research>JPM Elevates UBTECH ROBOTICS (09880.HK) TP to $169 on Tangible Commercialization Progress
Recommend 6 Positive 11 Negative 4 |
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JPMorgan elevated its target price for UBTECH ROBOTICS (09880.HK) from $154 to $169, primarily reflecting a higher projected PS ratio for FY2027 of 13x from from 12x, in line with the latest industry average, with rating kept at Overweight. The broker believed that, although the industry and UBTECH ROBOTICS are still in their early stages with limited commercialization, these risks are increasingly being mitigated as the Company's commercialization process has made substantial progress, customer adoption rates increased, and it has received strong policy support under the China-US competition for humanoid robot leadership. AASTOCKS Financial News Website: www.aastocks.com |
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