Lyon: Horizon Robot W (09660.HK) mid-term revenue up 50%, target 10.5 Hong Kong dollars, rating "outperforming the market"

According to the China Fortune Financial APP, a report released by Lyon stated that with the increase in funding for Horizon Robotics-W (09660.HK) and the accelerated development of industry AD research and development, the bank has raised its annual research and development expenses forecast from 4 billion yuan to 4.5 billion yuan, with research and development expenditures in 2026 and 2027 expected to be not less than 5 billion yuan. The target price is now 10.5 Hong Kong dollars with an outperform rating.