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<Research>BofAS Hikes HORIZONROBOT-W (09660.HK) TP to $11.1, Reaffirms Buy Rating
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After attending HORIZONROBOT-W (09660.HK)'s post-results investor meeting, BofA Securities was more positive about its future growth prospects in light of the company's recent smooth progress in vehicle model design introduction in both domestic and overseas markets, BofA Securities said in a report.

The company is likely to secure high-end HSD solution design orders from at least 4-5 automakers this year, which is projected to boost its J6P chip shipments from an estimated 40,000 units in 2025 to 430,000 units in 2026.

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Rolling over valuation, BofA Securities hiked the target price for HORIZONROBOT-W from HKD9.3 to HKD11.1, reaffirming its Buy rating.
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