JPMorgan Lifts Zhipu Target to HK$1,400 as Shares Jump

JPMorgan raised its price target on Chinese AI model maker Zhipu (Hong Kong-listed, ticker 2513.HK) from HK$950 to HK$1,400 while keeping an "Overweight" rating, sending the stock up as much as 48% on June 15, 2026. At the same time it downgraded domestic rival MiniMax (0100.HK) to "Neutral" and slashed its target from HK$1,100 to HK$400.