Richtech Robotics: Transition To RaaS To Drive Accelerating Demand For Robotics, Says Bullish Analyst
1. HC Wainwright recommends RR as an attractive investment opportunity. 2. Analyst Scott Buck set a Buy rating with a $3.50 price target. 3. Adoption of service robots is expected to grow due to labor shortages. 4. Transition to Robot-as-a-Service model should boost customer adoption. 5. RR stock has decreased 33.7% YTD but presents a favorable entry point.