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Zhipu Jumps 48% on JPMorgan Target Raise, GLM-5.2 Launch

6/15/2026

30 7 Full Breakdown

Summary

Story summary

Zhipu shares jumped 48% on June 15 after JPMorgan raised its target price to HK$1,400 from HK$950.
JPMorgan kept an overweight rating while Bank of America initiated coverage with “buy” rating and HK$1,250 target.
Zhipu will release GLM-5.2 as software this week with no usage restrictions, a move that should boost pricing power.
Ellie Jiang kept an “outperform” rating with a HK$1,221.4 target after the GLM-5.2 release.

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Story summary

Zhipu shares jumped 48% on June 15 after JPMorgan raised its target price to HK$1,400 from HK$950.
JPMorgan kept an overweight rating while Bank of America initiated coverage with “buy” rating and HK$1,250 target.
Zhipu will release GLM-5.2 as software this week with no usage restrictions, a move that should boost pricing power.
Ellie Jiang kept an “outperform” rating with a HK$1,221.4 target after the GLM-5.2 release.