JPMorgan Raises Zhipu AI Price Target to HK$1,400 From HK$950

According to JPMorgan's research report on China's AI large language model sector, the firm upgraded its price target for Zhipu AI (02513.HK) to HK$1,400 from HK$950 and reiterated its Overweight rating. JPMorgan raised its revenue forecasts for Zhipu AI for the 2026-2030 fiscal years by 26% to 42%, citing the company's pricing power demonstrated through doubling API prices this year while maintaining business volume growth. The firm noted that Zhipu's ability to maintain demand amid price increases validates market confidence in its large language model capabilities.

(Source: Jin10)