Citi Roborock (688169.SS) 3Q26 Preview: Enhanced Buying Opportunity Ahead of 4Q26 Sales Reacceleration
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Key Points
- Robot vacuum growth by region: China +3%, Europe +14%, US +7%, Asia-Pacific +10%.
- Floor-washer revenue is expected to grow 25% year on year to RMB875 million; the business has already generated roughly RMB40 million of profit.
Recommendation
- Roborock (688169.SS): Buy, target price RMB174.30.