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美银证券:升地平线机器人-W目标价至11.1港元 重申“买入”评级
Zhi Tong Cai Jing·2025-08-29 09:39

Core Viewpoint - Bank of America Securities expresses increased optimism regarding Horizon Robotics' future growth prospects following the investor meeting after the company's earnings report, citing successful progress in vehicle design integration in both domestic and international markets [1] Group 1: Company Performance - The company is expected to secure design orders for high-end HSD solutions from at least 4-5 automotive manufacturers this year, which is anticipated to drive the shipment of its J6P chips from an estimated 40,000 units in 2025 to 430,000 units in 2026 [1] - The management anticipates an increase in market share for Horizon's intelligent driving assistance solutions among domestic OEMs in the fiscal year 2026 [1] Group 2: Financial Projections - Bank of America Securities raises its revenue forecast for Horizon Robotics for the fiscal years 2026-2027 by 3-5% to reflect better progress in new vehicle design orders, expecting large-scale shipments to commence from the fiscal year 2026 [1] - The target price for Horizon Robotics has been increased from HKD 9.3 to HKD 11.1, with a reiterated "Buy" rating [1]