---
title: "CITIC Securities and Haitong Securities initiate coverage on MiniMax with a \"Buy\" rating and a target price of 620 yuan"
description: "CITIC Securities released a research report, initiating coverage on MiniMax-WP (Xi Yu Technology) with a \"Buy\" rating and a target price of 620 yuan. The firm pointed out that the company's fully self"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/276041117.md"
published_at: "2026-02-16T07:35:55.000Z"
---

# CITIC Securities and Haitong Securities initiate coverage on MiniMax with a "Buy" rating and a target price of 620 yuan

> CITIC Securities released a research report, initiating coverage on MiniMax-WP (Xi Yu Technology) with a "Buy" rating and a target price of 620 yuan. The firm pointed out that the company's fully self-developed multimodal large model has leading performance, a high proportion of overseas revenue, and ample cash reserves; it is expected to generate revenue of 220 million USD in 2026, giving a forecast price-to-sales ratio of 113 times as the valuation basis, reflecting its growth potential as a rare global AI target in the Hong Kong stock market

CITIC Securities released a research report, initiating coverage on MiniMax-WP (Xiyu Technology) (00100.HK), with a "Buy" rating and a target price of 620 yuan. The firm pointed out that the company's fully self-developed multimodal large model has leading performance, a high proportion of overseas revenue, and ample cash reserves; it is expected to generate revenue of 220 million USD in 2026, giving a forecast price-to-sales ratio of 113 times as the basis for valuation, reflecting its growth potential as a scarce globalized AI stock in the Hong Kong market

### Related Stocks

- [00100.HK - MINIMAX-WP](https://longbridge.com/en/quote/00100.HK.md)

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.