HSI1 23,350.03 +295.00 304.95B
HSCEI1 7,699.76 +87.28 86.75B
Back    Zoom +    Zoom - Block Traded
JPM Cuts HORIZONROBOT-W (09660.HK) TP to HKD10.6, Maintains Overweight
2026-07-02 11:17:21
JPM released a report stating that shares of HORIZONROBOT-W (09660.HK) surged 15% on Monday this week, mainly driven by investor optimism over deepened cooperation with major clients, alleviating concerns that its market share could be eroded after BYD announced the development of its own chips.

The report said HORIZONROBOT-W (09660.HK), as a provider of full-stack intelligent driving solutions, serves customers through software, chips and toolchains under flexible cooperation models. The broker believes its cooperation with OEM customers remains diversified and sustainable. Although weak downstream demand poses certain headwinds, the broker still expects HORIZONROBOT-W (09660.HK)'s revenue to achieve 41% YoY growth this year.

As cooperation with major customers further stabilizes, HORIZONROBOT-W (09660.HK) is expected to record revenue growth of 68% and 76% in 2027 and 2028 respectively, supported by rising market share and optimized product mix. The broker maintained an Overweight rating and cut the TP from HKD13 to HKD10.6. (ha/u)~

AASTOCKS Financial News
Website: www.aastocks.com

This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.