Business & Finance
Zhipu Shares Surge 48% After JPMorgan Raises Price Target
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Zhipu Shares Surge 48% After JPMorgan Raises Price Target Shares of China’s AI model maker Zhipu surged after JPMorgan Chase & Co. raised the stock’s price target, while downgrading recommendation on its domestic rival MiniMax. Knowledge Atlas Technology Joint Stock Co. jumped as much as 48% on Monday. JPMorgan analysts kept their overweight rating on Zhipu, as the stock is known, and raised the target to HK$1400 from HK$950, touting the firm’s model visibility and pricing power.
Zhipu Shares Surge 48% After JPMorgan Raises Price Target
Shares of China’s AI model maker Zhipu surged after JPMorgan Chase & Co. raised the stock’s price target, while downgrading recommendation on its domestic rival MiniMax.
Knowledge Atlas Technology Joint Stock Co. jumped as much as 48% on Monday. JPMorgan analysts kept their overweight rating on Zhipu, as the stock is known, and raised the target to HK$1400 from HK$950, touting the firm’s model visibility and pricing power.
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