Morgan Stanley analyst Tim Hsiao has maintained their bullish stance on 9660 stock, giving a Buy rating today.
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Tim Hsiao has given his Buy rating due to a combination of factors that highlight Horizon Robotics’ strong market position and growth potential. The company is on track to achieve significant unit deliveries this year and next, supported by a robust pipeline from major automotive partners like BYD, Geely, and Chery. This indicates a solid demand for Horizon’s products and a promising outlook for future sales.
Moreover, Horizon’s strategic plans to introduce the J7 platform with enhanced computing power and its HSD solution’s applicability in advanced driving systems and robotaxis underscore its technological edge. The management’s confidence in maintaining high gross profit margins, coupled with its established competitive advantage in performance and cost, further reinforces the positive sentiment. These factors collectively contribute to the Buy rating, reflecting an optimistic view of Horizon Robotics’ future performance and market position.
In another report released today, DBS also maintained a Buy rating on the stock with a HK$10.40 price target.