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<Research>G Sachs Raises HORIZONROBOT-W (09660.HK) TP to $14, Rating Kept Buy
Recommend 30 Positive 56 Negative 14 |
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HORIZONROBOT-W (09660.HK) logged a 68% YoY growth in revenue for 1H25, surpassing expectations, primarily due to the rise in shipments of Journey 6, Goldman Sachs said in its research report. However, operating profit trailed behind expectations given increased cloud service costs. The broker held a positive outlook on the mass production of the Horizon Robotics SuperDrive (HSD) system starting in 2H25. Goldman Sachs maintained Buy rating on the company, with the target price raised from HKD13.13 to HKD14. AASTOCKS Financial News Website: www.aastocks.com |
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