Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>UBS Initiates Coverage on HORIZONROBOT-W (09660.HK) with Buy Rating, $10.5 TP
Recommend 41 Positive 58 Negative 21 |
||||
|
||||
|
UBS released a research report, initiating coverage on HORIZONROBOT-W (09660.HK) with a Buy rating and a target price of HK$10.5. UBS noted that the company is a leading supplier of autonomous driving (AD) system-on-chip (SoC) and solutions in China. The company is expected to ride on three major structural growth drivers: the accelerated adoption of higher-level autonomous driving, the trend of localization in China's automotive and AI semiconductor industries, and the surge in edge AI demand driving growth in AIoT and robotics SoC businesses. It was anticipated that the company's revenue CAGR could reach 50% over the next five years, with AD SoC shipments projected to reach 9 million units by 2027, and the ASP could bounce back to USD90. AASTOCKS Financial News Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
