In a report released on August 27, from Guotai Haitong maintained a Buy rating on MiniMax Group, Inc, with a price target of HK$700.00. The company’s shares closed last Friday at HK$314.60.
Currently, the analyst consensus on MiniMax Group, Inc is a Strong Buy with an average price target of HK$542.59, implying a 72.47% upside from current levels. In a report released on August 27, Citi also maintained a Buy rating on the stock with a HK$576.00 price target.
Based on MiniMax Group, Inc’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of HK$25.58 million and a GAAP net loss of HK$1.36 billion. In comparison, last year the company earned a revenue of HK$11.07 million and had a GAAP net loss of HK$160.9 million
