Target price for Citigroup raised by about 23% as the company raised its guidance for increased revenue from the sale of humanoid robots.

Citigroup raised its target price for Ubixi to HK$190 and increased its annual income forecast, as management raised the shipment guidance for the Walker S series humanoid robots. Analysts Jamie Wang and others stated in their report that Ubixi's management raised the shipment guidance for the Walker S series humanoid robots in 2026 from 2000-3000 units to 5000 units, and stated that the target gross profit margin for 2026 is 43%-45%. Management is confident that 2026 will be the year when Ubixi's humanoid robots achieve commercialization. Citigroup raised its revenue forecasts for the company for 2026 and 2027 by 36% and 52% respectively to reflect the guidance raise. Ubixi may launch the next generation industrial humanoid robot, Walker S3, in the second quarter of 2026, which is 15% lighter and cheaper than S2; reiterated a buy rating.