The analyst rating is based on investor optimism regarding HORIZONROBOT-W's deepened cooperation with major clients, which alleviates concerns about potential market share erosion due to BYD's chip development. Despite weak downstream demand, the broker expects significant revenue growth for HORIZONROBOT-W, projecting 41% year-over-year growth this year and even higher growth in the following years. The broker maintains an Overweight rating but has adjusted the target price downwards.
