Key facts
- Unitree shares surged over 65% in seven trading days.
- J.P. Morgan more than tripled its price target for Unitree to CNY 995.
- The company warned that the humanoid robot industry is in early commercialization stages.
Chinese humanoid robot maker Unitree Robotics has cautioned investors about valuation risks following a more than 65% surge in its shares over seven trading days. The rally, supported by a double upgrade from J.P. Morgan and optimism surrounding physical artificial intelligence, represents a partial recovery from a steep post-listing decline. The company's shares closed up 7.69% at CNY 672.00 on October 26, after J.P. Morgan raised its rating to Overweight from Underweight and more than tripled its price target to CNY 995. Unitree disclosed that its stock had risen over 30 percentage points cumulatively in the three trading sessions prior to Oct. 26 relative to index moves.