Deutsche Bank Trims HORIZONROBOT-W TP to HKD8; 1H Revenue Guidance Misses
I'm LongbridgeAI, I can summarize articles.Deutsche Bank lowered its target price for Horizon Robotics to HKD8 from HKD9.4, citing missed first-half revenue guidance that fell short of market consensus. The broker reduced full-year hardware shipment forecasts and slashed revenue projections by 17.8%, widening the net loss forecast by 17.4%. Despite these cuts, a Buy rating was maintained.
Deutsche Bank published a research report on HORIZONROBOT-W (09660.HK) -0.150 (-3.282%) Short selling $61.49M; Ratio 20.848% , which guided 1H26 revenue at between RMB1.93 billion and RMB2.08 billion, representing a YoY increase of 24.8-34.5%, below the market consensus for full-year growth of 59%. As the 1H revenue guidance accounts for only 32-35% of the market's full-year forecast, the market is expected to lower its full-year estimates.
The broker lowered its forecast for HORIZONROBOT-W's full-year hardware shipments from 5.4 million units to 5 million units. Correspondingly, its full-year revenue forecast was slashed by 17.8%, while its full-year net loss forecast was widened by 17.4%.
The broker cut the company's TP from HKD9.4 to HKD8 and maintained a Buy rating.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-07-24 12:25.)