高盛：MiniMax-W(00100)ARR持续爬升及毛利率有望改善维持“买入”评级

智通财经09-10

智通财经APP获悉，高盛发布研报称，在Communacopia + Technology 2026会议上与MiniMax-W(00100)联合创始人兼总裁Yeyi Yun对谈，并维持“买入”评级，基于DCF估值，12个月目标价760港元不变。该行指出，自8月起M3模型及多模态H3推出后，公司ARR持续爬升，并预期即将推出M3.1、M3 Pro及H3.1等更新。推理优化正支持毛利率环比扩张，公司预期...

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高盛：MiniMax-W(00100)ARR持续爬升及毛利率有望改善 维持“买入”评级

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高盛：MiniMax-W(00100)ARR持续爬升及毛利率有望改善维持“买入”评级