Key Takeaways:
Guosheng Securities initiated coverage on artificial intelligence firm MINIMAX-W with a “Buy” rating, setting a price target of HK$1317 that points to significant upside for the newly-listed stock.
The bullish call is based on the company’s advanced all-modal model capabilities and a product lineup that serves both business and consumer markets, the brokerage said in a report dated April 17.
Guosheng Securities projects a compound annual revenue growth rate (CAGR) of 164.5% for MINIMAX from 2026 to 2028. The bank’s valuation rests on a price-to-sales (P/S) multiple of 75 times its 2027 sales estimates, which translates to a forward price-to-earnings (PE) ratio of about 27 times.
"The high valuation reflects MINIMAX's technology leadership and hyper-growth trajectory in the competitive AI sector," the report stated. The initiation from a major brokerage could increase investor focus on the company, which specializes in large language models.
The new coverage provides a key valuation benchmark for one of China's leading AI foundation model developers. Investors will watch upcoming earnings reports to see if the company's growth trajectory aligns with the bank's optimistic forecasts.
This article is for informational purposes only and does not constitute investment advice.
