Svmuu News JPMorgan Chase has raised its target price for Zhipu (02513.HK) by 20%. This marks the second time in a week that the firm has raised its target price for this Chinese large-model company, following an increase last Tuesday.The firm stated that the company’s latest fundraising plan will drive revenue growth. Analysts, including Olivia Xu, wrote in a research report that the new funds raised from this $4 billion stock placement will alleviate bottlenecks in computing power supply while supporting future model training investments.
JPMorgan ChaseThe firm noted that the additional inference computing resources are expected to translate into annual recurring revenue (ARR) within 12 months. JPMorgan Chase raised Zhipu’s target price from 2,000 HKD to 2,400 HKD; it had just raised the target price from 1,800 HKD to 2,000 HKD last Tuesday.Additionally, JPMorgan Chase simultaneously lowered its target price for MiniMax (00100.HK). The company’s share lock-up period expired last week, and it announced a fundraising plan; the placement is expected to result in equity dilution, leading to a downward revision of expectations. Following last week’s target price cut, the firm has once again lowered its target price from HK$300 to HK$240. (Jin Shi)