---
title: "Goldman Sachs continues to be optimistic about Horizon Robotics' management's outlook for performance growth this year"
description: "Goldman Sachs is optimistic about the prospects of Horizon Robotics, believing that the company's management is confident about this year's performance growth, benefiting from the development of smart"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/272216011.md"
published_at: "2026-01-12T03:57:46.000Z"
---

# Goldman Sachs continues to be optimistic about Horizon Robotics' management's outlook for performance growth this year

> Goldman Sachs is optimistic about the prospects of Horizon Robotics, believing that the company's management is confident about this year's performance growth, benefiting from the development of smart driving in China and product upgrades. Goldman Sachs maintains a "Conviction Buy" rating on the stock, with a target price of 15.3 yuan. The company is developing a new generation of chipsets, expected to be completed in 2027, to support smart driving technology. Geely Automobile and BYD will be the main customers, with revenue growth expected to outpace shipment volume

Goldman Sachs' research report pointed out that last Friday (9th) in Beijing, during a meeting with HORIZONROBOT-W (09660.HK) CFO, the company's management remained optimistic about business growth this year, mainly driven by the continuous development of smart driving in China, localization trends, and the company's ongoing upgrade to autonomous driving (AD) product portfolio.

Goldman Sachs stated that it remains optimistic about HORIZONROBOT due to its strong R&D capabilities in chipsets and software, continuous penetration into local automotive original equipment manufacturer (OEM) customers, and enhancement of dollar value through product portfolio upgrades; it maintains a "Confident Buy" rating for the stock with a target price of HKD 15.3.

The firm mentioned that HORIZONROBOT's management continues to firmly invest in R&D, currently developing a Brain Processing Unit (BPU) platform that can be used for the next-generation chipset (Journey 7) to enhance AI capabilities. Journey 7 is currently in the design phase, with a goal to complete wafer manufacturing in the first half of 2027. The computing power of this chipset is expected to reach 1,500 to 2,000 TOPS, supporting automotive OEMs to achieve smart driving level standards. The company is also developing a chipset that integrates smart cockpit and smart driving, competing with Qualcomm (QCOM.US), and plans to launch it in the second quarter of 2026.

Looking ahead to 2026, HORIZONROBOT's management holds an optimistic view on growth, continuously expecting revenue growth to outpace shipment growth, mainly driven by product portfolio upgrades; by customer segmentation, Geely Automobile (00175.HK) is expected to be one of the strong growth customers this year, while BYD (01211.HK) continues to be its main revenue contributor, followed by other smaller contributors such as Chery Automobile (09973.HK), Changan Automobile (000625.SZ), and FAW. From a regional perspective, China remains the primary market, while non-China markets may contribute in 2028

### 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.