花旗发布研报称，地平线拥有强大的技术优势及本地化专业知识，可受惠于行业强劲增长、自身稳健客户基础，以及国内ADAS+AD芯片的渗透率上升。该行预期2026年将成为地平线机器人的发展转折点，公司有计划2026年起大规模生产旗舰J6系列产品，目前给予目标价4.6港元，对应2028年预测市盈率为22倍，并预期2028至2030年EBIT年均复合增长率可达到32%。Horizon Robotics-W (09660) rose over 4% in the morning session, and as of the time of writing, it has increased by 2.33%, reaching 3.52 HKD, with a trading volume of 47.1528 million HKD.
According to the Zhito Finance APP, Horizon Robotics-W (09660) rose over 4% in the morning session, and as of the time of writing, it has increased by 2.33%, reaching 3.52 HKD, with a trading volume of 47.1528 million HKD.
On the news front, there were previous market reports indicating that IMOTIONAUTOTECH will establish a Global Strategy partnership with Horizon to develop smart driving solutions based on Horizon's Journey series 6E chip (hereinafter referred to as J6E), targeting the 0.1-0.15 million mid-tier smart driving market. Previous industry news mentioned that BYD will also adopt the OrinN and Horizon J6E solutions next year to promote the mass production of smart driving features in its Ocean series models.
Citi released a Research Report stating that Horizon has strong technological advantages and localized expertise, benefiting from robust growth in the Industry, a solid customer base, and the increasing penetration rate of domestic ADAS + AD chips. The firm expects 2026 to be a turning point in the development of Horizon Robotics. The company plans to start large-scale production of its flagship J6 series products in 2026. It currently sets a Target Price of 4.6 HKD, corresponding to a PE of 22 times for the 2028 forecast, and expects an annualized compound growth rate of 32% for EBIT from 2028 to 2030.
