Horizon Robotics May Continue to Gain Market Share -- Market Talk
Dow Jones
Sep 02
0423 GMT - Horizon Robotics will likely continue to gain market share with its unique hardware and software integrated model, Bernstein analysts write in a note. While Huawei and Tesla have both adopted the integrated model, Horizon is the only third-party vendor to have commercially ready hardware and software solutions, they note. Horizon's chips have lower cost and faster upgrades, along with a user-friendly development platform that allows automakers to integrate their own smart driving algorithm, they say. Bernstein initiates coverage on the stock with an outperform rating and a target price of HK$15. Shares last at HK$9.46. (jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
September 02, 2025 00:23 ET (04:23 GMT)
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