The following are the latest ratings and target prices for US stocks from various brokerage firms:
CITIC Securities Maintain Broadcom (AVGO.O) Overweight rating, target price $450:
The company's revenue for the quarter and guidance for the next quarter exceeded expectations, with strong growth in its AI business, a backlog of $73 billion in orders, and large new orders. While rising AI costs put pressure on gross margins, increased production of ASICs and Tomahawk 6, along with a deepening partnership with VMware, will drive a recovery in non-AI businesses. Based on a FY2026 PE valuation of 42x, we are raising our target price to $450.
China Merchants Securities Maintain Buy rating on Broadcom (AVGO.O):
FY25Q4 revenue reached $18.015 billion, a year-over-year increase of 28%, with a gross margin of 77.9%, exceeding expectations. (AI semiconductors) Revenue reached $6.5 billion, a 74% year-over-year increase, with VMware driving software business growth. FY26Q1 guidance is for $19.1 billion in revenue, with AI revenue expected to double year-over-year to $8.2 billion. Order backlog exceeds $73 billion, driving future growth.
Global FX maintains its Buy rating on Broadcom (AVGO.O) with a target price of $460.
The company's Q4 2025 results and Q1 2026 guidance exceeded expectations, with AI revenue accelerating. FY26/27 EPS is projected to reach $10.2/$14.0. Although Anthropic rack orders have a lower gross margin, they boost overall gross margin without affecting OPM. Demand for XPUs and switching chips is strong, AI orders have high visibility, and long-term growth is highly certain. The target price is based on 33x 2027E PE.
First Shanghai Securities News has given Didi Chuxing (ADR) (DIDIY.F) a buy rating with a target price of $6.89.
Domestic ride-hailing remains the industry leader, with transaction volume and revenue continuing to grow and profitability significantly improved. Overseas GTV is expanding steadily, with multiple businesses advancing synergistically. Robotaxi mass production is imminent, and commercial prospects are promising. Based on a 2026 domestic PE ratio of 15x and an overseas GTV ratio of 0.5x, the target price is $6.89, representing a 37% upside from the current price.
First Shanghai maintains its high profile (GOTU.N) Buy rating, target price $4.2:
FY25Q3 revenue increased by 30.7% year-on-year, and non-GAAP losses narrowed significantly, with education... The core business is growing steadily, with non-academic training and university student services performing exceptionally well and achieving profitability. AI is enhancing operational efficiency, and offline network expansion is shifting towards refined management. Although short-term impacted by the pace of classes during the Spring Festival, long-term profitability improvement is expected. Based on a 12% discount rate valuation, the target price is $4.2.
CITIC Securities raises Oracle's rating (ORCL.N) Upgraded to Hold rating with a target price of $200:
FY26Q2 revenue was $16.06 billion (+14% YoY), IaaS revenue grew by 68%, and outstanding orders reached $523 billion. Capital expenditure was significantly revised upwards to $50 billion, causing short-term concerns. However, the low-price + multi-cloud strategy is expected to unlock long-term growth potential, and revenue will accelerate after capacity improvements. The current share price already fully reflects capital expenditure pressure, and the target price reflects neutral expectations.
CITIC Securities maintains its position on Synopsys. (SNPS.O) Buy rating, target price $540:
The company's quarterly results and guidance exceeded expectations, benefiting from the deepening integration with Ansys and strong EDA demand. The IP business is expected to see a moderate recovery in FY2026, with growth focusing on the second half of the year. [The company] received funding from Nvidia . The company has invested $2 billion and plans to launch a joint solution in the first half of FY26. Based on comparable companies, we assign a 10.5x PS multiple for FY2026 and lower our target price to $540.
CITIC Securities gave Zhenkunxing (ZKH.N) Overweight rating:
The company's Q3 2025 report shows stable revenue, a narrowing decline in GMV, and the orderly liquidation of state-owned enterprise channel business. SKU and user numbers continue to grow, warehousing network optimization combined with improved operational efficiency, and the company's own brand and overseas expansion strategies are progressing steadily. AI functions contributed over 100 million yuan in incremental revenue. We are optimistic about the improvement in the core business's quality and efficiency under AI empowerment, and the gradual recovery of performance.
(Article source: CLS)
