CICC Initiates ONEROBOTICS at Outperform with TP HKD140
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CICC has initiated coverage on ONEROBOTICSwith an Outperform rating and a target price of HKD140. The broker forecasts revenue growth to RMB1.49 billion and RMB2.38 billion in 2026 and 2027, respectively. ONEROBOTICS is expected to lead the AI home robot market in 2024 with an 11.9% market share. The company aims to enhance its overseas presence, with 95% of revenue from international markets by 2025.
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