MiniMax Shares Slump After JPMorgan Cuts Target Price Further
Bloomberg 2026-07-13 03:23:30
Context: MiniMax Group Inc., a Chinese AI model maker, saw its shares plummet after JPMorgan Chase & Co. cut its target price for the second time in less than a week. The downgrade was driven by concerns over value dilution due to the company's recent fundraising efforts. This development had a significant impact on investor sentiment.
Key Facts
- MiniMax Group Inc.'s shares plunged following JPMorgan Chase & Co.'s decision to slash the company's price target for the second time in less than a week.
- The target price cut was motivated by JPMorgan's concerns over value dilution caused by MiniMax's fresh fundraising efforts.
- JPMorgan Chase & Co. had previously cut MiniMax's price target just a few days before the latest downgrade, indicating a rapid deterioration in the investment bank's outlook for the Chinese AI model maker.