Citi: Initiates coverage on Horizon Robot-W with a "Buy" rating and a Target Price of HKD 4.6.
Citi released a research report granting Horizon Robotics-W (09660) a "Buy" rating for the first time, indicating that the company possesses strong technological advantages and localized expertise, benefiting from robust growth in the Industry, a solid customer base, and an increasing penetration rate of domestic ADAS+AD chips. It is expected that 2026 will be a turning point for the development of Horizon Robotics, with plans for large-scale production of the flagship J6 series products starting in 2026. The current Target Price is set at 4.6 HKD, and it is anticipated that the annual compound growth rate of EBIT from 2028 to 2030 could reach 32%.
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Buying bank stocks has become the overwhelming consensus among strategists at major Wall Street firms regarding their outlook for 2025.
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Citi maintains a "neutral" rating on PRADA with the Target Price raised to HK$68.
Citi released a research report stating it maintains a "Neutral" rating on PRADA (01913), raising the sales, EBIT, and earnings per share forecasts for fiscal year 2024 by 1%, 2%, and 2% respectively, while the 2025 forecasts were raised by 1%, 2%, and 3% respectively, and the 2026 forecasts increased by 1%, 2%, and 3% respectively, with the corresponding Target Price raised from HKD 64.3 to HKD 68. The report mentioned that PRADA's total net revenue in the first three quarters increased by 17% year-on-year at fixed Exchange Rates, which could drive a 20% growth in EBIT and earnings per share this year, thereby improving profit margin prospects for the second half of the year. However, Business growth primarily comes from
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Adobe's Earnings Reports are seen as the "key to success or failure" in demonstrating AI capabilities.
Adobe has little time left to prove to investors that it can be a winner in the AI era. The company's stock price has fallen 7.7% this year, underperforming the Index that tracks the Software Industry (which has risen more than 30% this year). Due to disappointing earnings guidance last quarter, the Earnings Reports announced after the market close on December 11 are under pressure. Adobe needs to demonstrate its ability to generate profits through its AI tools and respond to increasing competition from generative AI platforms that can create images and videos based on user prompts. "This is a critical quarter that will determine success or failure because
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RBC Capital Maintains Citigroup(C.US) With Buy Rating, Raises Target Price to $74
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