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Goldman Sachs Maintains MiniMax Buy Rating With HK$860 Target on July 4

AI Industry News Stocks

2026-07-04 05:29:23

According to Goldman Sachs on July 4, the investment bank maintained its buy rating on MiniMax with a HK$860 price target. The M3 model, priced identically to M2.7, features upgraded training and inference architecture that doubles inference efficiency, offsetting the cost increase from doubled model parameters. Goldman Sachs noted that DeepSeek's announcement of V4's July mid-month launch with peak-hour pricing at double the off-peak rate reflects MiniMax M3's superior cost-performance ratio.

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