Richtech Robotics price target raised to $6 from $3.50 at H.C. Wainwright

H.C. Wainwright analyst Scott Buck raised the firm’s price target on Richtech Robotics (RR) to $6 from $3.50 and keeps a Buy rating on the shares after catching up with management. The business continues to have meaningful discussions with potential customers as broad interest in service robots continues to increase, the analyst tells investors in a research note. Further, the firm believes Richtec’s longer term visibility is improving as interest rates decline. It believes new investors should gravitate toward robotics.