JPMorgan Chase has increased its target price for Zhipu AI to HK$1,400, citing the company's strong pricing power and growth in transaction volume. In a recent report, JPMorgan highlighted Zhipu AI's ability to double its API prices while maintaining continuous growth, reflecting market confidence in its large AI models. The firm also raised its revenue forecasts for Zhipu AI by 26% to 42% for fiscal years 2026 through 2030 and lowered its forecast for adjusted net losses. This adjustment comes as the AI industry sees increasing demand for practical capabilities and pricing power in large models.