MiniMax Price Target Raised to HK$580 on Surging Revenue, Strong Monetization, and Improving Margins; Buy Rating Reiterated
Tip Ranks·- CMB International Securities analyst Heidi Ho reaffirmed a Buy rating on MiniMax and raised its target price to 580 HKD. - The rating is driven by rapid revenue growth exceeding market expectations, pushing annual recurring revenue past $ 800 million. - Improved infrastructure efficiency and decreasing cost pressures also contributed to the upward revision of financial projections.MiniMax climbs 4% as Citi hikes target on soaring enterprise revenue
HK Stock Market Update·MiniMax Group Calls EGM to Expand Alibaba Cloud Deals and Renew Share Issuance Mandate
Tip Ranks·- MiniMax Group, Inc. called an extraordinary general meeting for September 15, 2026, to seek shareholder approval for expanded Alibaba Cloud agreements and a renewed share issuance mandate. - The proposed resolutions include revised annual caps for 2026 to 2028 under the Master API Service and Alibaba Cloud Services agreements, alongside a new unconditional share issuance authority. - These measures aim to deepen MiniMax's strategic integration with Alibaba Cloud, enhance capital-raising flexibility, and support the company's future growth initiatives.