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Goldman Sachs, Bank of America, and Citigroup give “Buy” ratings — MiniMax sees broad bullish sentiment from Wall Street

2026-07-12 16:30:33

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In the first week of July, MiniMax simultaneously received “buy” ratings from three international financial institutions—Goldman Sachs, Bank of America, and Citigroup. Goldman Sachs set MiniMax’s latest target price at HK$860. Goldman Sachs said MiniMax’s M3 model, thanks to a higher proportion of self-built optimized computing power and an efficient architecture with smaller activation parameters, has a gross margin that is significantly higher than its peers. Bank of America mentioned that, in terms of profitability metrics, MiniMax will maintain stable long-term profit margins by continuously improving infrastructure efficiency. Citigroup focused on outlining MiniMax’s multiple product-ecosystem developments and expects MiniMax’s revenue growth rate to remain high. (KeChuang Board Daily)

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