---
title: "Goldman Sachs raises the target price of HORIZONROBOT-W to 14 yuan and maintains a \"Buy\" rating"
description: "Goldman Sachs raised the target price for HORIZONROBOT-W to 14 yuan, maintaining a \"Buy\" rating. The report pointed out that the company's revenue in the first half of the year increased by 68% year-o"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/255413425.md"
published_at: "2025-09-01T06:59:01.000Z"
---

# Goldman Sachs raises the target price of HORIZONROBOT-W to 14 yuan and maintains a "Buy" rating

> Goldman Sachs raised the target price for HORIZONROBOT-W to 14 yuan, maintaining a "Buy" rating. The report pointed out that the company's revenue in the first half of the year increased by 68% year-on-year, mainly benefiting from the increase in shipments of Journey 6, but the operating profit did not meet expectations due to rising cloud service costs. Goldman Sachs holds a positive attitude towards the mass production of the HSD system in the second half of the year and expects the product portfolio to upgrade to higher-end integrated hardware and software solutions

Goldman Sachs research report indicates that HORIZONROBOT (09660.HK) achieved a year-on-year revenue growth of 68% in the first half of the year, exceeding expectations, primarily due to the increase in shipments of Journey 6. However, operating profit fell short of expectations due to rising cloud service costs. The firm holds a positive view on the mass production of the Horizon Super Driving (HSD) system starting in the second half of the year.

Additionally, HORIZONROBOT's shipments of NOA function products reached 980,000 units in the first half of the year, accounting for 50% of total shipments, driving an increase in average selling price. The firm expects the product portfolio to continue upgrading to higher-end integrated hardware and software solutions; maintaining a "Buy" rating, with the target price raised from HKD 13.13 to HKD 14

### Related Stocks

- [09660.HK - HORIZONROBOT-W](https://longbridge.com/en/quote/09660.HK.md)

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.
