On August 21, Z.AI rose 3.03% in regular trading, trading at 1051.0 HKD/share, with turnover of 575 million HKD. The stock rebounded alongside the broader AI large-model sector after accumulating a pullback of over 20% from its August 13 high.

On the news front, multiple institutions have reaffirmed buy ratings on the stock. CMBIS maintained its buy rating with a target price of 1,503.9 HKD, citing GLM-5.3 as a positive catalyst given its significant improvements in coding and agent capabilities. CLSA maintained its outperform rating with a target price of 2,061 HKD, noting the recent share price weakness as an overreaction to Anthropic's ARR deceleration. JPMorgan also raised its target price, arguing that GLM-5.3's reinforced post-training delivers an endogenous capability leap with a more defensible moat. Peer MINIMAX-W surged over 8% on the same day.

Additionally, Z.AI's inclusion in the MSCI China Index, effective August 31, is expected to attract passive fund inflows that provide valuation support during this consolidation phase.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)