0441 GMT - UBTech Robotics has a bright outlook with rising capacity and sales momentum, Citi analysts say in a note. The company will boost its humanoid robot capacity to about 300 units a month by end-September, enough to support 2026 deliveries, the analysts say, citing management. UBTech expects to deliver more than 500 units in 2025 and 2,000-3,000 units in 2026, backed by strong intent orders across industries. Citi says the company has a first-mover advantage in industrial applications. Citi lifts its 2025 and 2026 revenue forecasts by 5% and 3%, upgrades the stock to buy from buy/high risk and raises its target price to HK$170.00 from HK$121.00. Shares last traded at HK$139.30. (sherry.qin@wsj.com)
(END) Dow Jones Newswires
September 26, 2025 00:41 ET (04:41 GMT)
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