MINIMAX-W jumps 8% as analysts raise targets on AI growth potential

MINIMAX-W (100.HK) jumped more than 8% in Hong Kong trading to HK$350.00. The stock has attracted attention from major international banks, with Goldman Sachs, Bank of America and Citigroup all maintaining buy ratings.

Goldman Sachs set a price target of HK$860, citing the company's M3 model which is expected to accelerate revenue growth and enhance cost advantages. Additionally, MINIMAX-W's inclusion in the Hang Seng Tech Index has increased the AI sector weight to 40%, which is projected to attract passive fund inflows and support the share price rebound.