The analyst rating of Buy for DOBOT (02432.HK) is based on the company's potential to become a competitive player in the humanoid robot market, leveraging its leadership in the collaborative robot (cobot) sector. The report highlights expectations for long-term revenue growth driven by increased cobot sales volume and stable gross margins. Additionally, the management's guidance indicates that the company can achieve breakeven with revenues of USD100 million, with projections of narrowing net losses to approximately RMB10 million by 2026, suggesting a path towards profitability. The target price of HKD65.5 reflects these positive growth prospects.
