0537 GMT - Shenzhen Dobot's growth outlook for its collaborative robots seems solid, Daiwa Capital Markets analysts say in a research report. The Chinese company targets collaborative robots' revenue growth of 30% in 2026, riding on the penetration rate for industrial robots, orders from new customers and increased repurchases by existing clients, the analysts say. Management targets 50% revenue growth in 2026, buoyed by both collaborative robots and embodied intelligent robots. However, the robotics solutions provider's 2025 net losses could extend into 2026 owing to higher research and development costs. The brokerage lowers the stock's target price to HK$62.00 from HK$68.00 with an unchanged buy rating. Shares are 2.0% lower at HK$34.76. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
April 09, 2026 01:37 ET (05:37 GMT)
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