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Investing.com - UBS initiated coverage on RoboSense Technology (2498:HK) with a Buy rating and set a price target of NT$47.80.
The investment bank expressed optimism about RoboSense’s long-term prospects in the Advanced Driver Assistance Systems (ADAS) LiDAR business, citing increasing adoption willingness from key customers including BYD (SZ:002594) and Geely.
UBS noted that RoboSense is expanding its presence in the robotics LiDAR segment and moving into embodied intelligence, which could serve as a new growth driver for the company.
The firm projects RoboSense will achieve profitability in 2026 and deliver a 66% net profit compound annual growth rate (CAGR) from 2026 to 2030, exceeding current market consensus estimates.
UBS suggested the market may be underestimating RoboSense’s growth potential from traditional domestic original equipment manufacturers’ push toward intelligentization and the company’s entry into robotics.
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