
Shares of MiniMax Group Inc. dropped after JPMorgan Chase & Co. reduced the Chinese AI company's price target for the second time in less than a week. The analyst cited concerns over value dilution from a recent fundraising round. The move reflects ongoing bearish sentiment toward the company's valuation.
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Analyzed · Moderate confidence (66%)
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MiniMax shares plunged after JPMorgan slashed price target.
This is the second time JPMorgan cut the price target in less than a week.
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MiniMax Group Inc.'s shares plunged.
BloombergMiniMax Group Inc.’s shares fell, after JPMorgan Chase & Co. cut the Chinese AI model maker’s price target for the second time in less than a week on value dilution concerns caused by fresh fundraising.
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MiniMax Group Inc.'s shares plunged.
BloombergThis is the second time JPMorgan cut the price target in less than a week.
BloombergThe price target cut was due to value dilution concerns caused by fresh fundraising.
OpinionJPMorgan Chase & Co. slashed the Chinese AI model maker’s price target.
Bloomberg