Morgan Stanley: Expects GEEKPLUS-W stock price to rise in the next 30 days, rating "Overweight" with a target price of HKD 37
Morgan Stanley released a research report stating that it believes GEEKPLUS-W's stock price will rise in the next 30 days, with a probability of occurrence estimated at 70% to 80%. The recent decline in the stock price has made short-term valuations more attractive; additionally, the group's new order growth accelerated in the third quarter, indicating that the group's fundamentals remain strong, with no signs of a slowdown in growth. Morgan Stanley believes that the trend of AMR/robotic solutions in the global warehouse automation sector, along with GEEKPLUS's robust revenue growth and improving net profit margins, still exists, setting a target price of HKD 37 for the stock and rating it as "Overweight."
According to the Zhitong Finance APP, Morgan Stanley released a research report stating that it believes GEEKPLUS-W (02590) stock price will rise in the next 30 days, with a probability of occurrence estimated at 70% to 80%. The recent decline in the stock price has made short-term valuations more attractive; in addition, the group's new order growth accelerated in the third quarter, indicating that the group's fundamentals remain strong, with no signs of a slowdown in growth. Morgan Stanley believes that the trend of AMR/robotic solutions in the global warehousing automation field, GEEKPLUS's robust revenue growth, and the improvement in net profit margins still exist, setting a target price of HKD 37 for the stock with a rating of "Overweight."
