Lyon Initiates RoboSense with "Outperform" Rating, Sets HK$43.1 Target Price

Lyon Securities has issued a research report initiating coverage of RoboSense (02498.HK) with an "Outperform" rating and a target price of HK$43.10. The report notes that the company is at a pivotal inflection point, benefiting from accelerating adoption of LiDAR in vehicles and rising penetration of advanced autonomous driving technologies. Lyon expects RoboSense’s EM digital radar products to be the primary driver of sales this year, while the company is also actively expanding into new application scenarios such as robotic lawn mowers and autonomous delivery vans. The firm forecasts that RoboSense could achieve breakeven by the fourth quarter of 2025.