Goldman Sachs: Maintain 'Buy' on MiniMax with Target Price of HK$860
12 hour ago / Read about 0 minute
Author:小编   

Goldman Sachs maintains its 'Buy' rating on MiniMax Group with a target price of HK$860. According to the report, the MiniMax M3 model is priced the same as the M2.7, but through upgrades in training and inference architecture, its inference efficiency has improved by more than 2 times, effectively offsetting the increased costs resulting from the doubling of model parameters. This week, DeepSeek announced that its V4 official version will be launched in mid-July and will introduce time-based pricing, with prices doubling during peak hours. Goldman Sachs pointed out that DeepSeek's price increase indirectly confirms the high cost-effectiveness of the MiniMax M3. Additionally, the upcoming larger version of the M3 series and the H3 video model are expected to become new drivers for the company's development.