Morgan Stanley: Raises GEEKPLUS-W target price to HKD 28.3, rating "Overweight"
Morgan Stanley released a research report stating that GEEKPLUS-W's growth prospects are clearer from 2025 to 2026. As profit margins continue to grow, operating leverage will also increase, achieving positive profitability starting this year. The strategy and execution of intelligent robotics should support its re-rating. The bank maintains its revenue and net profit forecasts, expecting revenue to grow by 30% this year and next, with net profit turning positive this year, reaching RMB 109 million, and reaching RMB 374 million next year. The target price has been raised from HKD 21.6 to HKD 28.3, maintaining its "Overweight" rating
According to the Zhitong Finance APP, Morgan Stanley released a research report stating that GEEKPLUS-W (02590) has a clearer growth outlook for 2025 to 2026. As profit margins continue to grow, operating leverage will also increase, achieving positive profitability starting this year. The strategy and execution of intelligent robotics should support its re-rating. The bank maintains its revenue and net profit forecasts, expecting a 30% growth in revenue for this year and next year, with net profit turning positive this year, reaching RMB 109 million, and reaching RMB 374 million next year. The target price has been raised from HKD 21.6 to HKD 28.3, maintaining its "Overweight" rating
