Bank of America initiated coverage of MiniMax with a buy rating and a target price of HK$500. According to Ming Pao, the bank said MiniMax is a leading foundation-model company in China, citing its M-series models and consumer products for strong agentic capabilities and creativity.
It added that MiniMax’s portfolio of AI-native applications, including MiniMax Agent, Hailuo AI and Talkie/Xingye, serves more than 236 million users across over 200 countries. The company released its M3 foundation model on June 1, which BofA said further strengthens its progress in multimodal model innovation.
AI TRENDS | BofA Starts MiniMax at Buy With HK$500 Target
2026-06-15 09:32:11
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