Leader Harmonious Drive Systems stock news
On September 29, 2026, JPMorgan published an industry research report maintaining an "Overweight" rating on Leader Harmonious Drive Systems (688017.SH) while revising its price target to 358 RMB. Despite sector--wide valuation adjustments as humanoid robotics transitions from early hardware scarcity toward scaled commercial deployment, JPMorgan highlighted Leader's defensive moat and superior pricing power in strain wave reducers. The bank raised its 2027–2028 revenue and earnings forecasts for Leader Harmonious by 15% to 20%—positioning its estimates 25% to 35% above prevailing market consensus—underpinned by multi--customer diversification and accelerating component adoption across leading robotics original equipment manufacturers (OEMs).