The analyst rating for HORIZONROBOT-W was maintained at "Buy" due to the company's strong financial performance, highlighted by a 57.7% year-over-year revenue growth to RMB3.76 billion, which exceeded UOB Kay Hian's expectations. This growth was primarily driven by a significant increase in hardware shipments, particularly in highway and urban NOA solutions, which saw a dramatic rise in demand. Additionally, the increase in license and services revenue, attributed to more intellectual property licensing arrangements, further supported the positive outlook. Despite lowering the target price from $8.88 to $8.45, the overall strong growth metrics justified the "Buy" rating.
