CICC (China International Capital Corporation): Maintains "Outperform" rating on Zhipu (02513.HK), raises target price to 1250 Hong Kong dollars.

Zhijun Finance APP learned that CICC released a research report stating that it maintains its earnings forecast for iQIYI (02513.HK) unchanged. Due to the company's rapid iterative model capabilities exceeding the market and the bank's expectations, the bank is optimistic about the company's long-term API acceleration release, raising the target price by 39% to 1250 Hong Kong dollars (corresponding to 67 times P/S in 2027), with a 14% upside potential from the current stock price, maintaining an "outperform the industry" rating. The company is currently trading at 58 times P/S in 2027.