The following are the latest ratings and target prices for US stocks from various brokerage firms:
Dongwu Securities (Hong Kong) maintains Baidu (BIDU.O) Buy rating, target price $230:
Kunlun Core's spin-off listing will facilitate value reassessment and financing, with technology and products driving growth while ecosystem synergy strengthens its competitive advantage. Non-GAAP net profit is projected to be $19.4 billion, $21.7 billion, and $24.7 billion in 2025-2027, respectively, with an SOTP valuation of $80 billion, corresponding to a 2026 P/E ratio of 25x and a target price of $230 per ADS.
CITIC Securities Maintain Vipshop (VIPS.N) Buy rating:
We expect Q4 2025 revenue to increase by 0.3% year-on-year, while non-GAAP net profit is expected to decrease by 8.6% year-on-year, mainly due to a mild winter and a later Chinese New Year, leading to delayed demand. We are optimistic about a rebound in growth driven by a recovery in consumption in Q1 2026. The company's focus on user operations and product optimization will drive customer return, coupled with positive shareholder returns, making it a significant long-term investment.
Guotou Securities Maintaining the Zhenkun Movement (ZKH.N) Buy rating:
The company's revenue turned positive in Q3 2025, and losses narrowed significantly, with a return to profitability expected in Q4 2025. GMV decline narrowed to 2%, customer numbers increased by 48% year-on-year, and improved operational efficiency drove profit margin improvement. Current valuation is significantly lower than JD.com . The industrial sector has significant room for recovery. We are optimistic about its long-term growth potential driven by the expansion of its own brands and its overseas expansion strategy.
(Article source: CLS)
