The following are the latest ratings and target prices for US stocks from various brokerage firms:
China International Capital Corporation We maintain our Outperform rating on GE Vernova Inc (GEV.N) with a target price of $643.
Third-quarter results slightly exceeded expectations, with strong organic growth in the power supply and grid businesses. Gas turbine orders remained high, and the grid order-to-revenue ratio reached 2. The acquisition of the remaining stake in Prolec GE is expected to boost EBITDA and improve profit margins. Upward revisions to AI infrastructure demand have driven an upward valuation increase, with a target price corresponding to 40.6x EV/EBITDA for 2025, indicating upside potential at the current price.
Huachuang Securities Maintaining Ramu Research (LRCX.O) Buy rating:
The company's revenue in CY25Q3 reached US$5.324 billion, a year-on-year increase of 27.74%, with a gross margin of 50.6%, a record high. Strong demand from foundry services, AI-driven logic, and HBM, coupled with the start of a NAND upgrade cycle, contributed to the success. Despite export restrictions to China impacting the company by approximately US$600 million per year, the global AI infrastructure support equipment market remains robust, solidifying the company's leading position in etching and promising long-term growth.
China International Capital Corporation (CICC ) has given Robinhood Markets Inc-A (HOOD.O) an "Outperform" rating with a target price of $155.00.
The company accurately grasps the needs of millennials, pioneering zero-commission transactions and building an active user ecosystem. Its leading digital asset portfolio has led to a significant increase in profit per customer, reaching $70 in 2024 (a year-on-year increase of 282%). Through product innovation and M&A expansion, it is accelerating its transformation into a global comprehensive wealth management platform. The projected EPS CAGR for 2025-2027 is 27%, with a target price corresponding to a 26e P/E ratio of 56x, representing a 19% upside.
Huatai Securities We give Vertiv Holdings Co-A (VRT.N) a buy rating with a target price of $200:
The company's Q3 2025 revenue and profit exceeded expectations, benefiting from the surge in demand for AI-driven liquid cooling and 800VDC power supplies. (This is in contrast to the company's partnership with Nvidia.) Deep collaboration and synchronized product development have led to an upward revision of earnings forecasts for 2025-2027. Strong growth in the Americas, robust orders, and improved operational efficiency are key drivers. The target price is based on a 2026E PE ratio of 37x, reflecting a reasonable valuation premium.
Everbright Securities Maintain Bilibili (BILI.O) Overweight rating:
3Q25 revenue is projected at RMB 7.65 billion (YoY +4.7%), with adjusted net profit of RMB 660 million and a gross margin of 36.8%. (Self-developed games) "Escape from Yakovlev" has surpassed one million units sold, potentially contributing over 150 million yuan in revenue. AI tools are improving content creation and advertising efficiency. We are optimistic about the potential for consumer-facing (C-end) payments and the progress of new game launches, and have slightly revised our net profit forecasts for 2025-2027 upwards to 2.44/3.77/4.83 billion yuan.
CICC maintains its view on Boston Scientific (BSX.N) Outperform rating, target price $134:
3Q25 results exceeded expectations, with both revenue and core net profit increasing by 20% year-on-year, driven by strong growth in electrophysiology and left atrial appendage occlusion businesses. The combined use of PFA and left atrial appendage has gained recognition, and increased sales of multiple products are fueling growth. The company has established a foothold in the global electrophysiology leader and continues to expand into pain management and interventional oncology through acquisitions, ensuring strong growth momentum over the next 3-5 years.
CICC maintains Vale's (VALE.N) Outperform rating, target price $13.50:
Iron ore production, sales volume, and prices in Q3 2025 exceeded expectations, driving a 14% sequential increase in pro forma EBITDA. Earnings forecasts have been revised upwards, with net profit for 2025 revised to $7.279 billion. Current valuation is below target, indicating an 18% upside potential. Attention should be paid to ore price volatility and tailings dam risks.
CICC maintains Dex Outdoor (DECK.N) Outperform rating, target price $105.37:
UGG's Q2FY26 results exceeded expectations, with revenue increasing by 9% year-on-year to $1.4 billion, net profit rising by 11% year-on-year, and gross margin improving to 56.2%. HOKA performed strongly, with impressive international growth; UGG's performance was dragged down by DTC but supported by wholesale. We lowered our target price to $105.37, corresponding to a FY26e P/E ratio of 17x, reflecting the impact of UGG's growth fluctuations, but remain optimistic about its long-term brand momentum and profitability resilience.
CITIC Securities Maintain Texas Instruments (TXN.O) Overweight rating, target price $200:
Affected by macroeconomic uncertainties, the guidance for Q4 2025 is weak, industrial demand is sluggish, and the industry recovery is slowing. However, the automotive market is returning to normal, and the data center... Continued high growth indicates that long-term growth momentum remains. Based on comparable company valuations, we have lowered our target price to $200, reflecting a balance between short-term pressures and long-term prospects.
CICC maintains joint leasing (URI.N) Outperform rating, target price $1,044:
3Q25 revenue of $4.2 billion exceeded expectations, benefiting from strong demand for equipment leasing and accelerated fleet expansion. Although net profit was pressured by rising inflation and delivery costs, leading to a downward revision of 2025E/2026E earnings forecasts, upward revisions to full-year revenue and capital expenditure guidance indicate robust demand. The target price is based on 11.4x EV/EBITDA for 2025E, representing a 14.2% upside.
CITIC Securities maintains SAP's (SAP.N) Hold rating, target price $294:
Q3 revenue for fiscal year 2025 was €9.076 billion (+7% YoY), with cloud revenue at €5.29 billion (+22% YoY), slightly below expectations, primarily due to slower cloud growth in the Americas and a €340 million foreign exchange loss. The company maintains its FY2025 cloud revenue guidance of €21.6-21.9 billion (+26%-28% YoY). Considering macroeconomic uncertainties and the fact that the share price already reflects expectations for cloud transformation, the target price is lowered to $294.
CICC maintains Tesla's (TSLA.O) Outperform rating, target price $450:
3Q25 results met expectations, with robust gross margins in the automotive and energy businesses. Robotaxi driverless operations are progressing smoothly, and FSD V14 enhances intelligent decision-making capabilities. Energy demand remains strong, with Megapack orders booked until 2026. Optimus V3 will debut in 1Q26, with promising long-term mass production potential. Despite a downward revision of earnings forecasts, the prospects for new businesses support the target price, representing approximately 3% upside from the current price.
CITIC Securities maintains its buy rating on Tesla (TSLA.O):
The company saw a significant increase in vehicle deliveries in Q3 2025, exceeding revenue expectations. Although rising operating expenses led to lower-than-expected net profit, and the reduction of subsidies in the US and China may impact short-term sales, the company continues to make breakthroughs in the AI field. The iteration of the FSD algorithm, the expansion of Robotaxi, and the development of Optimus are building long-term competitive barriers. The progress of the AI business deserves close attention.
Huaxing Securities maintains its "Hold" rating on Tesla (TSLA.O) with a target price of $380.00.
3Q25 revenue increased but profits were under pressure, mainly due to rising expenses. Energy storage Strong demand and anticipated Megapack 3 capacity expansion. Cybercab is expected to begin mass production in Q2 2026, and Robotaxi commercialization is progressing steadily. The downward revision of earnings forecasts reflects short-term pressure; the target price for the segment valuation is adjusted to $380, maintaining a "Hold" rating.
Huachuang Securities maintains its view on Tesla. (TSLA.O) Buy rating:
2025 Q3 revenue and free cash flow hit record highs, non-GAAP net profit reached $1.77 billion, and deliveries reached 497,000 vehicles, a year-on-year increase of 7%. Significant breakthroughs were achieved in energy storage and AI businesses. The rollout of FSD v12.4 and the accelerated data accumulation from Robotaxi expansion, along with the upcoming release of Optimus V3, indicate promising long-term potential for technology monetization.
CICC maintains its view on General Motors (GM.N) Outperform rating, target price $80:
Q3 2025 results exceeded expectations, leading to an upward revision of 2025 earnings guidance. Adjustments to the EV strategy alleviated pressure on losses, while performance of gasoline-powered vehicles remained strong. The company optimized its production capacity layout, offsetting some of the impact of tariffs, and expects profit margins to improve in 2026, with a North American EBIT margin target of 8-10%. With the earnings forecast revised upward, valuation has upside potential.
Shenwan Hongyuan Giving new life to all things (RERE.N) Buy rating, target price $5.30:
The company is China's largest supplier of used consumer electronics . The platform constructs a closed-loop C2B+B2B+B2C industry chain, benefiting from the high-growth, low-penetration industry dividend. It relies on JD.com . With Apple Partnering to secure high-quality suppliers and leveraging automation to improve efficiency have resulted in 12 consecutive quarters of positive non-GAAP net profit. The company is expanding into multiple product categories and overseas markets, creating a second growth engine. Revenue is projected to grow at a CAGR of 23.6% from FY25 to FY27, with a projected PE ratio of only 11x in 2026. Based on comparable companies, a PE valuation of 14x is applied, resulting in a target price of $5.3.
Caitong Securities Give Pony.ai (PONY.O) Overweight rating:
The company is a leading intelligent driving provider, with Robotruck contributing the majority of its revenue, and Robotaxi accelerating commercialization and expanding overseas. Revenue is projected to reach $0.80 billion, $1.00 billion, and $1.94 billion in 2025, 2026, and 2027, respectively, with PSG continuing to decline and significant growth potential. Technological iteration, cost control, and progress in L4 commercialization are the core drivers of this growth.
CICC maintains Atour (ATAT.O) Outperform rating, target price $46:
Benefiting from strong growth in retail business and steady expansion of the hotel network, we have raised our 2025 profit forecast by 3.1% to RMB 1.69 billion. We expect adjusted net profit for Q3 2025 to increase by 24% year-on-year, with retail revenue surging by 72% year-on-year. Long-term growth is expected to be strong, driven by new products. The current valuation is attractive, with a target price corresponding to a 2026 P/E ratio of 21x, representing a 16.9% upside.
Huachuang Securities maintains its view on STMicroelectronics. (STM.N) Overweight rating:
Q3 2025 revenue reached $3.19 billion, a 15.2% increase sequentially, exceeding expectations, driven by a significant recovery in the industrial and personal electronics businesses. Gross margin is under short-term pressure, but inventory turnover is improving, and Q4 guidance indicates a continued sequential growth trend. Full-year revenue is projected at $11.75 billion, with a 22.4% year-over-year increase in the second half, reflecting an industry recovery. Reduced capital expenditures highlight financial prudence.
China Merchants Securities Maintain Intel (INTC.O) Buy rating:
Q3 2025 revenue reached $13.7 billion, a year-over-year increase of 2.8%, with a gross margin of 40%, a significant year-over-year increase of 22 percentage points, primarily driven by strong demand and cost optimization. DC AI and CCG businesses saw sequential growth, reflecting an improved product mix. Q4 2025 DC AI revenue is expected to grow strongly, with the upcoming launch of Panther Lake indicating promising long-term technological advancements.
Huatai Securities maintains its buy rating on Intel (INTC.O) with a target price of $50.
The company returned to profitability in Q3 2025, with revenue and profit margins exceeding expectations. It received investment from Nvidia and SoftBank, as well as funding from the US government, and its foundry progress was significant. Although Q4 guidance was cautious, the mass production of the 18A process and the implementation of AI collaborations are driving a long-term revaluation. We have raised our 26E PS to 4.0x and increased our target price to $50.
CICC gave Interactive Brokers (IBKR.O) Outperform rating, target price $78.00:
The company is a global leader in electronic trading, benefiting from a dual-engine strategy of retail and institutional clients, efficient and cost-effective services driven by technological leadership, and a global footprint. In 2024, its pre-tax profit margin reached 71%, and its client assets totaled $568 billion. The projected EPS CAGR for 2025-2027 is 8%, with a target price corresponding to a 2026e P/E ratio of 30x, representing an 18% upside from the current price.
Guotai Haitong Give Uber (UBER.N) Overweight rating, target price $119.06:
The company's platform ecosystem exhibits significant synergistic effects, with the linkage between ride-hailing and food delivery businesses enhancing user stickiness, and advertising and membership contributing high growth. Its leading position in autonomous driving cooperation indicates promising long-term growth. Revenue is projected to grow at a CAGR of 14.8% from 2025 to 2027, with adjusted EBITDA continuing its strong growth, and improved profitability supporting an upward valuation.
(Article source: CLS)
