0301 GMT - Hesai Group has potential to be re-rated if its upcoming products can deliver genuine breakthroughs, Bernstein analysts write in a note. The company plans to introduce two products in the coming months for robotics and autonomous systems, including an "eye" to enhance perception beyond what is currently possible, and "muscles" that can deliver precise and powerful motion control. Hesai deserves some credit for its innovation capabilities, given its strong technological intuition, the analysts say. The company's founders also founded an independent startup called Sharpa, which has demonstrated impressive progress in robotic dexterous hands, they note. Bernstein maintains an outperform rating on the stock but cuts its ADR target price to $32.00 from $33.00 to reflect an expected growth slowdown for the coming quarters. (jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
March 24, 2026 23:01 ET (03:01 GMT)
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