Key Takeaways
Guotai Haitong Securities raised its target price for UBTECH Robotics (09880.HK) to HKD 184.77, maintaining an Overweight rating after the company reported strong sales of its humanoid robots.
"The results validate our AI strategy," the brokerage is "optimistic that the company will lead the development of the humanoid robot industry," Guotai Haitong Securities said in its research report.
The action was driven by UBTECH's performance last year, which saw sales of its embodied intelligent humanoid robot products surpass 1,000 units. Total humanoid robot orders amounted to nearly RMB 1.4 billion. The new HKD 184.77 target represents a significant increase and is equivalent to a 22x price-to-sales ratio based on 2026 forecasts.
Shares of UBTECH jumped over 6 percent on the news. Guotai Haitong raised its net profit forecasts for 2026 and 2027 by RMB 5 million and RMB 502 million, respectively, and introduced a 2028 forecast of RMB 799 million, showing confidence in the company's path to profitability.
The bullish report from Guotai Haitong, alongside a recent target increase from JPMorgan, adds to a growing analyst consensus on UBTECH's commercialization progress. Investors will be watching the company's ability to convert its substantial order book into revenue and manage manufacturing scale to meet rising demand in the logistics and industrial sectors.
This article is for informational purposes only and does not constitute investment advice.
