Gold prices dip as December rate cut bets wane; economic data in focus
Investing.com - JPMorgan has initiated coverage on Horizon Robotics Inc (HK:9660) with an Overweight rating and a price target of HK$13.00, citing the company’s strong position in China’s growing smart driving solutions market.
The investment bank highlighted Horizon’s leading market position, noting it secured a 46% market share in advanced driver-assistance systems (ADAS) solutions among Chinese OEMs in the first half of 2025.
JPMorgan expects Horizon to benefit significantly from accelerating smart driving penetration in China, with the company’s competitive product performance and pricing helping it continue to gain market share and drive growth.
The bank specifically pointed to Horizon’s high-end Horizon Super Drive (HSD) solution, which is set to move into mass delivery starting in the fourth quarter of 2025, as a key growth driver.
JPMorgan projects a revenue compound annual growth rate of 56% for Horizon between 2024 and 2027, with revenue growing a further 73% year-over-year in 2028 when the company is expected to turn profitable.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.