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Investing.com - Macquarie has upgraded Beijing Roborock Technology Co Ltd (688169:CH) from Neutral to Outperform, while raising its price target by 54% to RMB217.00.
The upgrade comes despite Roborock’s second-quarter 2025 earnings missing both Macquarie’s estimates and consensus forecasts from Visible Alpha, according to analyst Daisy Zhang.
Macquarie noted that strong revenue growth for the robotics company was offset by gross profit margin contraction and high operating expenses during the quarter.
The investment firm expects the impact of U.S. tariffs on Roborock to diminish starting in the third quarter of 2025, citing the company’s decreasing revenue exposure to the U.S. market and its strategic relocation of manufacturing capacity from China to Vietnam.
Macquarie’s significant price target increase reflects a higher growth momentum-driven price-to-earnings target multiple for the Chinese robotics manufacturer.
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