[Goldman Sachs Maintains MiniMax 'Buy' Rating, Target Price HK$860] BlockBeats News, July 4, Goldman Sachs maintained its 'Buy' rating for MiniMax with a target price of HK$860. In its report, Goldman Sachs stated that the MiniMax M3 model is priced the same as the M2.7 model, but through upgrades in training and inference architecture, inference efficiency has improved by more than twofold, sufficient to offset the cost increase brought by the doubling of model parameters. This week, DeepSeek announced that the official version of V4 is scheduled to go live in mid-July, along with the introduction of a time-based pricing mechanism, where peak-hour usage prices will be double the regular rates. Goldman Sachs believes that DeepSeek's price increase indirectly confirms the high cost-performance ratio of MiniMax M3. The upcoming larger version of the M3 series and the H3 video model are also seen as catalysts for the next phase. [Original Link]