Bernstein Sees Horizon Robotics as a Leading Player in the Smart Driving Market
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Bernstein has started coverage of Horizon Robotics and rated the stock as Outperform with a price target of HKD 15. Analyst Qingyuan Lin classifies Horizon as a leading provider of chip systems for semi-autonomous driving (L2 and L2+) in China. This assessment is based on the company's dominant market shares – currently about 30% in the L2+ segment and over 20% in the L1–L2 range – as well as a technological edge due to an integrated hardware and software platform. This platform enables high-performance driving assistance and autonomy...
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