---
title: "Citi: Raises HORIZONROBOT-W 2026-27 R&D expenditure target price to HKD 11"
type: "News"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/269185428.md"
description: "Citi released a research report stating that it maintains a target price of HKD 11 for HORIZONROBOT-W and believes that the current stock price has fully reflected negative factors such as the issuance of new shares, with greater upside potential. The bank expects that the customer certification of J6P in the coming months and the adoption of HSD600 by leading domestic automakers will become core catalysts, thus maintaining an \"outperform\" rating. The bank has raised the group's estimated R&D expenditure for 2026-2027 by nearly RMB 1 billion, considering HORIZONROBOT's confidence in its existing technology roadmap, the demand for accelerated product iteration, and the fierce competition in the field of advanced driving (AD) algorithms"
datetime: "2025-12-10T06:12:04.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/269185428.md)
  - [en](https://longbridge.com/en/news/269185428.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/269185428.md)
---

> 支持的语言: [English](https://longbridge.com/en/news/269185428.md) | [繁體中文](https://longbridge.com/zh-HK/news/269185428.md)


# Citi: Raises HORIZONROBOT-W 2026-27 R&D expenditure target price to HKD 11

According to the Zhitong Finance APP, Credit Lyonnais has released a research report stating that it maintains a target price of HKD 11 for HORIZONROBOT-W (09660) and believes that the current stock price has fully reflected negative factors such as the issuance of new shares, with greater upside potential. The firm expects that the customer certification of J6P in the coming months and the adoption of HSD600 by leading domestic automakers will become core catalysts, thus maintaining an "outperform the market" rating. Considering HORIZONROBOT's confidence in its existing technology roadmap, the demand for accelerated product iteration, and the fierce competition in the field of advanced driving (AD) algorithms, the firm has raised its estimate of the group's R&D expenditure for 2026-2027 by nearly RMB 1 billion

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