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On Tuesday, Jefferies initiated coverage on Shanghai MicroPort MedBot Group (2252:HK) shares, issuing a Buy rating and setting a price target of HK$32.00. The firm’s analysts highlighted the company’s potential for significant revenue growth, driven by its laparoscopic surgical robot, Toumai. They forecast a compound annual growth rate (CAGR) of 43% for the company’s revenue from 2025 to 2030.
The analysts believe that MicroPort MedBot could emerge as the primary beneficiary of the rapidly expanding surgical robot market in China. They also anticipate that the company will achieve rapid overseas expansion by leveraging its competitive pricing and functionality that compares favorably with existing products in the market.
MicroPort MedBot’s prospects are further bolstered by the anticipated benefits from advancements in artificial intelligence (AI). The analysts expect that an upgrade to the AI algorithms used in Toumai will help narrow the technological gap with the da Vinci (EPA:SGEF) surgical systems, which are currently considered a leading product in the field.
Jefferies’ positive outlook on MicroPort MedBot is grounded in the company’s strategic positioning and technological advancements. The analysts underscored the importance of the company’s cost advantage and the functional comparability of its products to its success in both the domestic and international markets.
The coverage initiation and the optimistic Buy rating with a HK$32.00 price target come as the company stands at the forefront of innovation in the surgical robotics space, with the potential for significant market share growth in the coming years.
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