09660 Should I Buy

The analyst rating of Overweight for HORIZONROBOT-W is based on several key factors: 1. Market Leadership: HORIZONROBOT-W holds a significant 46% market share in the ADAS (Advanced Driver Assistance Systems) solutions market among Chinese carmakers, indicating strong competitive positioning. 2. Growth Potential: The report highlights the accelerated penetration of smart driving technology in China, suggesting that leading technology suppliers like HORIZONROBOT-W are poised to benefit significantly from this trend. 3. Competitive Product Performance: The broker believes that the company's competitive product performance and effective pricing strategy will enable HORIZONROBOT-W to continue gaining market share and drive growth. 4. Incremental Revenue from Robotics: The introduction of a robotics product line is expected to generate additional revenue and support the company's long-term growth prospects. These factors collectively contribute to the positive outlook and target price of $13 set by JPMorgan.