According to "The Big Firms," Bank of America Securities has lowered the target price for HORIZONROBOT-W to 11.9 yuan, with a rating of "Buy."

Bank of America Securities published a research report stating that HORIZONROBOT-W (09660.HK) management reiterated a stable shipment outlook for this year, expecting total chip shipments to be between 5.3 million and 5.5 million units, with approximately 400,000 units of the Horizon SuperDrive smart driving system, which will become an emerging growth driver. As the contribution from high-end products increases, management aims to raise the average selling price from last year's $60 to about $100 this year, further confirming the bank's forecast of a 62% year-on-year revenue growth for the company.

The bank has lowered its revenue forecast for the company for 2026 to 2027 by 2% to 7%, with the target price reduced from HKD 12.2 to HKD 11.9, maintaining a "Buy" rating