Shares of Chinese AI firm MiniMax Group Inc. plunged as much as 18% after JPMorgan Chase & Co. cut the company's price target for the second time in a week, citing value dilution concerns from new fundraising. The latest 20% cut follows a 25% reduction the prior week, contributing to a stock decline of over 80% from its March peak. UBS Group AG also halved its target for MiniMax.
MiniMax share price decline
- ▪The decline extended MiniMax's share price drop from its March peak to more than 80%
- ▪MiniMax Group Inc.’s shares plunged as much as 18% on Monday, July 13, 2026
JPMorgan price target cuts
- ▪UBS Group AG also cut its price target for MiniMax by half on Sunday, July 12, 2026
- ▪JPMorgan Chase & Co. slashed its price target for MiniMax Group Inc. for the second time in less than a week
- ▪JPMorgan's most recent cut trimmed MiniMax's target price by 20%, following a 25% cut the previous Tuesday
- ▪The price target cuts from JPMorgan were driven by value dilution concerns caused by fresh fundraising
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