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Investing.com - Macquarie has upgraded Ecovacs Robotics Co Ltd (SS:603486) from Neutral to Outperform, setting a price target of RMB116.00.
The upgrade follows Ecovacs’ second-quarter 2025 earnings results, which Macquarie reports exceeded both its estimates and Visible Alpha consensus forecasts.
Macquarie attributes the strong performance to robust revenue growth and higher gross profit margins in the quarter.
The investment firm expects Ecovacs to maintain its momentum in both top-line growth and earnings, citing the company’s introduction of several new products.
Macquarie has increased its earnings per share estimate for Ecovacs by 112% to RMB116 and now considers it its top pick in China’s robotic vacuum cleaner segment.
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