How much did JPMorgan cut its price target for MiniMax?

JPMorgan cut its price target from $45 to $30, maintaining a Neutral rating.

What is causing dilution concerns at MiniMax?

MiniMax announced a $2 billion capital raise last week, which will increase the share count and dilute existing shareholders.

How much has MiniMax stock lost from its peak?

The stock has lost over 80% of its value since its peak in March.

MiniMax Slides 18% as JPMorgan Cuts Target Again

MiniMax shares plunged 18% after JPMorgan cut its price target again, highlighting dilution concerns from a $2 billion capital raise and intensifying pricing pressure in the AI sector.

July 13, 2026

2 min read

Source: GuruFocus.com

Key Numbers

decline percent

18%

decline from peak

80%

Shares of AI firm MiniMax tumbled 18% on Monday after JPMorgan lowered its price target for the second time in a month, according to a report from GuruFocus.

Recommendation Change

JPMorgan cut its price target on MiniMax from $45 to $30, while maintaining a "Neutral" rating. This follows a previous cut from $55 to $45 two weeks ago.

Analyst Rationale

The JPMorgan analyst believes the company's $2 billion capital raise announced last week will significantly dilute shareholder value, pressuring the stock. Additionally, increasing pricing pressure in the AI model market, especially from Chinese competitors, threatens profit margins.

Context

The stock has now lost over 80% of its value since its peak in March. Other analysts, including those at Morgan Stanley and Goldman Sachs, also lowered their estimates last week, citing similar concerns.

What to Make of It

The consecutive target cuts reflect growing worries about MiniMax's ability to sustain growth amid fierce competition and heavy capital needs. Investors should monitor market developments and upcoming financial reports.

Frequently Asked Questions

The stock fell after JPMorgan cut its price target for the second time, citing dilution from a $2 billion raise and pricing pressure.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.