The bank said MiniMax M3 matches M2.7 pricing while delivering more than double inference efficiency, and pointed to DeepSeek’s planned V4 launch in mid-July as support for M3’s cost-performance.
Goldman Sachs maintained a buy rating on MiniMax Group on July 3 and kept its target price at HK$860. The bank said MiniMax M3 is priced at the same level as M2.7 while offering more than double inference efficiency (computing output per unit of processing cost), a combination it viewed as strengthening the model’s cost-performance. Goldman Sachs also cited DeepSeek’s plan to launch V4 in mid-July, with peak-time pricing set at twice normal rates, as a factor supporting the competitiveness of M3.