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<Research>JPM Initiates Coverage on HORIZONROBOT-W (09660.HK) w/ Rating Overweight/ TP $13
Recommend 17 Positive 29 Negative 9 |
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JPMorgan released a research report initiating coverage on HORIZONROBOT-W (09660.HK), with rating at Overweight and a target price of $13. As a leading supplier of intelligent driving solutions, HORIZONROBOT-W holds a 46% market share in the ADAS solutions market among Chinese carmakers in 1H25. With the accelerated penetration of smart driving in China, it is expected that leading technology suppliers will significantly benefit. The broker believed that HORIZONROBOT-W's competitive product performance and pricing strategy will help the Company continuously gain market share and drive growth. Furthermore, the robotics product line can bring incremental revenue and support long-term growth. AASTOCKS Financial News Website: www.aastocks.com |
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