Horizon Robotics' Appears to Have Strong Growth Potential -- Market Talk

Dow Jones12-17

0301 GMT - Horizon Robotics may have strong growth potential given its rising market share for domestic autonomous driving chips, Citi analysts write in a note. The company has its competitive advantages in industry-leading chip technology and proven chip design expertise, they add. Being one of the largest China-based providers of advanced autonomous driving chips, the company could benefit from the industry growth in China and a strong customer base including Volkswagen, BYD, Li Auto, Geely, etc. The brokerage initiates buy/high risks rating for the stock with a target price of HK$4.60. Shares last at HK$3.60. (jiahui.huang@wsj.com; @ivy_jiahuihuang)

(END) Dow Jones Newswires

December 16, 2024 22:01 ET (03:01 GMT)

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