The following are the latest ratings and target prices for US stocks from various brokerage firms:
China Merchants Securities (Hong Kong) maintains Netflix (NFLX.O) Overweight rating:
Third-quarter revenue reached $11.5 billion, a 17% year-over-year increase, while adjusted operating profit rose 33% year-over-year, exceeding expectations. User viewing time hit a record high, with continued content investment driving growth. Fourth-quarter guidance is optimistic, with strong free cash flow. Despite short-term impacts from tax events, core profitability remains solid, and long-term benefits from price increases and global user expansion are expected, with profit growth projected to accelerate in 2026.
BOCOM International maintains Baidu (BIDU.O) Buy rating, target price $147:
Based on a revaluation of AI transformation, we have adjusted our SOTP valuation logic, assigning cloud + AI tools a price-to-sales ratio of 7x and autonomous driving a price-to-sales ratio of 15x. Although search advertising pressure has led to a decline in core profits, the accelerated penetration of AI applications and strong growth in non-advertising businesses are positive factors. The current share price is still below its revaluation value, suggesting potential for long-term valuation improvement.
China Merchants Securities maintains Texas Instruments (TXN.O) Buy rating:
25Q3 revenue was $4.742 billion, up 14.2% year-over-year; EPS was $1.48, in line with expectations; gross margin was 57.42%. Demand from industrial and automotive sectors recovered, and data center demand... Year-on-year growth of 50%. Although Q4 guidance declined sequentially and capacity utilization decreased, the industry leader's position is solid and the recovery trend is clear, benefiting from the bottoming out of the inventory cycle and stable capital expenditure in the long term.
Huatai Securities We maintain our Overweight rating on Netflix (NFLX.O) with a target price of $1387.58.
The company's Q3 revenue increased by 17%, driven by both content and advertising. Gross margin improved after excluding one-off expenses in Brazil. Advertising revenue is expected to double by 2025, with a rich reserve of high-quality content, AI-powered recommendation and production, and a diversified ecosystem enhancing profitability resilience. The target price corresponds to a 2025 PE ratio of 51.5x, representing a premium based on the company's leading content barrier.
Guotai Haitong We maintain our Overweight rating on Netflix (NFLX.O) with a target price of $1,343.
Benefiting from membership growth, price increases, and advertising business expansion, revenue in Q3 2025 increased by 17.2% year-on-year. Although Brazilian taxes dragged down profit margins, the company's fundamentals remained solid. The advertising system was rapidly implemented, AI optimized content and experience, and the value of IP derivatives was released. Net profit is expected to continue its strong growth from 2025 to 2027, with a PE ratio of 52x for 2025.
China Securities International maintains its "Overweight" rating on Netflix (NFLX.O):
3Q25 revenue reached $11.5 billion, a 17% year-over-year increase, in line with expectations. However, operating profit was lower than guidance due to a one-off tax in Brazil. Excluding this factor, the operating profit margin was 33%, higher than guidance. The company maintains its full-year revenue growth guidance of 16%-17%. Increased investment in content and record-high user viewing time suggest accelerated membership growth is likely in the peak season of 4Q. The partnership with Spotify expands the content ecosystem, solidifying the company's long-term competitive advantage.
(Article source: CLS)
