The analyst rating for HORIZONROBOT-W (09660.HK) was reaffirmed as a "Buy" with an increased target price from HK$10.5 to HK$11.8 due to the company's strong product portfolio and plans to equip mass-market vehicles with City NOA (Navigation on Autopilot) starting in 2026. Additionally, the company's expansion into humanoid robots supports the positive outlook, particularly in the Chinese city NOA market.

JPMorgan

Overweight

initiated

$13

2025-11-12

Reason

JPMorgan

Price Target

$13

2025-11-12

initiated

Overweight

Reason

The analyst rating of Overweight for HORIZONROBOT-W is based on several key factors: 1. Market Leadership: HORIZONROBOT-W holds a significant 46% market share in the ADAS (Advanced Driver Assistance Systems) solutions market among Chinese carmakers, indicating strong competitive positioning. 2. Growth Potential: The report highlights the accelerated penetration of smart driving technology in China, suggesting that leading technology suppliers like HORIZONROBOT-W are poised to benefit significantly from this trend. 3. Competitive Product Performance: The broker believes that the company's competitive product performance and effective pricing strategy will enable HORIZONROBOT-W to continue gaining market share and drive growth. 4. Incremental Revenue from Robotics: The introduction of a robotics product line is expected to generate additional revenue and support the company's long-term growth prospects. These factors collectively contribute to the positive outlook and target price of $13 set by JPMorgan.

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09660 Should I Buy

09660 Should I Buy

Should You Buy HORIZONROBOT-W (09660) Today? Analysis, Price Targets, and 2026 Outlook.

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