Morgan Stanley raises its target price for Zhipu to HKD 1700

Morgan Stanley has raised its target price for Zhipu by nearly 72% to HKD 1700, citing Zhipu's computing power acquisition capability and new financing support for growth. The Morgan Stanley report points out that the Chinese big model industry is establishing a healthier commercial environment, which is different from the market's view that China's open weight model will lead to product homogenization and price wars.