Unitree shares rise more than 60% in under two weeks — Channel NewsAsia

Unitree Robotics shares rose more than 60% in less than two weeks, closing at 672 yuan on October 26. The company urged caution about commercial risks in the early-stage humanoid robotics industry.

• Unitree shares closed at 672 yuan on Monday, October 26, compared with 405.10 yuan on October 15; the stock rose 7.7% on Monday and slipped about 1% in Tuesday morning trading.· 2 sources
• JPMorgan upgraded the stock from underweight to overweight and raised its price target from 300 yuan to 995 yuan.· 2 sources
• Unitree warned that the industry remains at an early commercialization stage, with uncertainties around technological maturity, demand and supply-chain capacity.· 2 sources