Zhipu Shares Jump 48% as JPMorgan Lifts Target to HK$1,400
Updated
Updated · Bloomberg · Jun 15
Zhipu Shares Jump 48% as JPMorgan Lifts Target to HK$1,400
1 articles · Updated · Bloomberg · Jun 15
Summary
Knowledge Atlas Technology Joint Stock Co., known as Zhipu, climbed as much as 48% on Monday after JPMorgan sharply raised its valuation on the Chinese AI model maker.
JPMorgan lifted its price target to HK$1,400 from HK$950 and kept an overweight rating, citing Zhipu's model visibility and pricing power.
The bullish call contrasted with a downgrade on domestic rival MiniMax, underscoring JPMorgan's preference for Zhipu within China's AI sector.