Bearish
🤖 85%
MiniMax Slumps as JPMorgan Cuts Price Target by 33%, Extending Losses
JPMorgan cut its price target on MiniMax from HK$12 to HK$8, citing decelerating subscriber growth and margin compression in its AI platform business. The shares fell as much as 15% intraday in Hong Kong, extending a 40% decline from the January high as institutional investors dumped positions.
Catalysts
- ▼ JPMorgan lowered target price from HK$12 to HK$8
- ▼ Analyst cited weakening demand for MiniMax's AI solutions
Risk Factors
- ▲ Positive earnings surprise from major client contract
- ▲ Short covering after sharp decline
▼ Show FAQ (3) ▲ Hide FAQ
Why did JPMorgan cut MiniMax's price target?
JPMorgan cited decelerating subscriber growth and margin compression in MiniMax's AI platform business, leading to a 33% price target cut.
How much did MiniMax shares fall?
Shares dropped up to 15% intraday, hitting a 52-week low before recovering slightly.
Is MiniMax still a buy after the downgrade?
The downgrade removes the last bullish rating; only hold and sell ratings remain, suggesting further downside risk.