Citi raises the horizon target price to 12.3 Hong Kong dollars and upgrades the rating to buy

Jinshi Data News on February 26th, Citigroup released a research report, raising the target price of Horizon Robotics (09660.HK) from 6 Hong Kong dollars to 12.3 Hong Kong dollars, upgrading the rating from neutral to buy, and initiating a 90-day upward catalyst observation. Citigroup raised its sales forecast for Horizon Robotics in the next two years by 25%, reaching 5.24 million and 8.38 million respectively, and raised the group's revenue forecast by 29% and 30%. The bank expects a net loss of 696 million yuan this year (originally expected a net loss of 1.11 billion yuan), while next year it expects a net profit of 1.47 billion yuan (originally expected a net profit of 607 million yuan).