Zhipu AI Set to Benefit From New Open-Source Model Launch -- Market Talk
Dow Jones
Jun 15
0430 GMT - Zhipu AI is set to benefit from its new open-source model launch, Macquarie Capital's Ellie Jiang says in a research note. The launch of GLM-5.2 is likely to strengthen the company's pricing power in subsequent subscription plans, which should continue to drive robust annual recurring revenue momentum, the head of Asia internet and media research says. Key catalysts include the new model's API plan and pricing details, and independent benchmark coverage, she adds. Macquarie Capital maintains an outperform rating on the stock with a 12-month target price of HK$1,221.40. Shares are 28% higher at HK$1,404.00. (tracy.qu@wsj.com)
(END) Dow Jones Newswires
June 15, 2026 00:30 ET (04:30 GMT)
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