# JPMorgan cuts UBTech target price to HK$74 in research report; initiates Unitree at underweight with RMB300 target

- Source: OFweek Robotics
- Published: 2026-10-14T02:04:00.000Z
- RoboHot: https://robohot.news/en/items/xbog41es06v4aeu1f3x87r8us
- Original: https://robot.ofweek.com/2026-10/ART-898890-12001-30706968.html

## Summary

On September 29, JPMorgan released a research report titled "Humanoid Robots: Reassessing Industry Positioning," cutting UBTech's target price from HK$118 to HK$74 and downgrading it to Neutral, initiating coverage of Unitree at Underweight with a RMB300 target price implying 35% downside, maintaining Underweight on Estun, and keeping only Inovance Technology at Neutral.