HORIZONROBOT-W has shown rapid revenue growth but is facing widening losses due to increased R&D investments. The company is transitioning to a mass production model, which is expected to improve growth quality despite short-term profitability pressures. Analysts forecast significant revenue growth in the automotive sector and a stabilization of gross margins, leading to a gradual recovery in profitability. The rating remains 'Outperform' despite a slight decrease in the target price.