The following are the latest ratings and target prices for US stocks from various brokerage firms:
Haitong International maintains its buy rating on Adidas (ADDDF.F):
3Q2 results met expectations, with revenue increasing by 8% year-over-year (excluding Yeezy, which saw a 12% increase), and gross margin remaining stable at 51.8%. Improved operational efficiency drove up operating profit margin. Footwear and apparel saw double-digit growth, with strong performance in the running and athleisure categories. The World Cup led to an upward revision of revenue expectations to 9% (CER), and full-year operating profit guidance was raised to €2 billion. Inventory structure is healthy, and long-term expansion in the US market is expected.
Haitong International maintains its "Hold" rating on Enphase Energy Inc (ENPH.O):
Although the company's adjusted net revenue and gross margin in Q3 exceeded expectations, its Q4 2025 revenue guidance was significantly lower than consensus expectations, and it did not conduct any share buybacks, which the market may view as a negative factor. New EV chargers are about to ship, but Q1 is expected to see a greater-than-seasonal decline. Coupled with risks related to photovoltaic demand, supply chain issues, and competition, short-term growth will be under pressure.
CITIC Securities Maintain Buy rating on Meta Platforms Inc-A (META.O):
The company's revenue and operating profit exceeded expectations, with strong advertising performance. The decline in net profit was due to tax law adjustments, but excluding these factors, the company's performance remained robust. Despite concerns raised by the upward revision of spending guidance, investment in AI is expected to solidify long-term advantages. The accelerated commercialization of WhatsApp and Threads, coupled with adjustments to the capital expenditure statement, support a buy rating based on performance trends and innovation capabilities.
CITIC Securities maintains Philip Morris International (PM.N) Overweight rating:
In Q3 2025, revenue and adjusted operating profit grew organically by 5.9% and 7.5% year-on-year, respectively. Smokeless business accounted for 41% of revenue, including IQOS, ZYN, and vaporized e-cigarettes. All sectors saw strong growth, with heated tobacco shipments increasing by 15.5% and gross margin improving by 1.8 percentage points. Economies of scale and pricing optimization drove improved profitability, and the momentum for smokeless transformation is strong, promising long-term growth.
CITIC Securities maintains its current service company (NOW.N) Buy rating, target price $1119:
The company's FY25Q3 revenue exceeded expectations, driven by strong AI demand and over 1,700 AI clients. Year-end ACV is expected to surpass $500 million, with significant progress in monetization. While federal business faces short-term pressure, growth momentum is expected to rebound once contract cycles recover. The core position of AI operations remains solid, supporting long-term growth.
Guoxin Securities We give Snowflake Inc (SNOW.N) an Outperform rating:
The company is a leading global data cloud platform, with AI driving accelerated commercialization. FY2026Q2 revenue reached $1.145 billion, a year-over-year increase of 31.78%, benefiting from the expansion of the Snowflake Marketplace and the Intelligence ecosystem, resulting in continued improvement in customer retention and usage. Its highly scalable architecture and DWaaS model lead the industry, and the company's PS ratio is projected to reach 22-23 times in 2026, corresponding to a market capitalization of $96.624 billion to $101.016 billion.
CITIC Securities maintains its support for NXP Semiconductors (NXPI.O) Overweight rating, target price $257:
The company's Q3 2025 revenue met expectations, with sequential improvement across various end markets, indicating an initial recovery. However, profit margins remained weak, guidance was cautious, and inventory turnover, driven by increased restocking, suggests that channel inventory reduction will take time. Based on comparable company valuations, we maintain our target price of $257.
CITIC Securities maintains its position on Google-A shares. (GOOGL.O) Buy rating:
Q3 2025 results exceeded expectations, with steady growth in search and YouTube advertising, smooth progress in AI search, and accelerated growth in cloud business. The company raised its full-year CapEx to $91-93 billion, reflecting confidence in its investment in AI infrastructure, large-scale models, and end products. The AI ecosystem is well-developed, with ample growth momentum and continuously validated innovation capabilities.
Huaan Securities Maintain Overweight rating on Google-A (GOOGL.O):
The company's FY25Q3 revenue reached $102.3 billion (YoY +16%), surpassing $100 billion for the first time. Cloud revenue reached $15.2 billion (YoY +34%), accelerating for the third consecutive quarter. AI-driven search query volume doubled, and Gemini's monthly active users exceeded 650 million. CapEx was revised upward to $93 billion, with further increases expected in 2026, reflecting confidence in long-term growth. Non-GAAP profitability was strong, and AI and cloud order backlogs support future growth.
China International Capital Corporation Maintain Huazhu (HTHT.O) Outperform rating, target price $48:
The company is upgrading its brand portfolio, launching All Seasons and Hanting Express, and improving its layout in mid-to-high-end and lower-tier markets. It projects 20,000 stores by 2030, with a long-term target of 50,000-60,000, aiming for a market share of 40-50%. The franchise model drives profits, with net profit expected to reach RMB 5.159 billion in 2026. The target price corresponds to 12x 2026E EV/EBITDA, and the upward revision in valuation reflects the certainty of growth.
CITIC Securities maintains its position on Kenteng Electronics. (CDNS.O) Overweight rating, target price $390:
Q3 2025 results exceeded expectations, with a backlog of $7 billion in orders, leading to an upward revision of full-year guidance. Core EDA growth is leading the way, hardware platform revenue hit a record high, IP business benefits from demand for advanced nodes, and the acquisition of Hexagon's business is expected to help SDA revenue surpass $1 billion in 2026. Based on comparable company valuations, the target price is raised to $390.
CICC maintains Apple's (AAPL.O) Outperform rating, target price 310.0 yuan:
FY25Q4 results exceeded expectations, driven by strong sales of the iPhone 17 series and excellent growth and gross margin in the services business. The company's AI strategy is deepening, with significant advantages in software and hardware synergy. Siri upgrades and the new product cycle are expected to drive growth. We maintain our FY26e net profit forecast, raising our valuation center. Our target price corresponds to a FY26e P/E ratio of 37.8x, representing a 15% upside from the current price.
Everbright Securities Maintain Buy rating on Apple (AAPL.O):
FY4Q25 revenue and profit exceeded expectations, with services business showing strong growth to $28.75 billion (YoY +15.1%). Resilient iPhone demand was evident, and the AI strategy was further deepened. Deliveries from the Houston AI server factory accelerated the deployment of Apple Intelligence, demonstrating significant synergy between edge AI and the ecosystem. While the Greater China region faces short-term pressure, global demand remains robust, leading to an upward revision of FY2026-27 net profit forecasts, indicating promising long-term growth potential.
Guosheng Securities Maintain TSMC (TSM.N) Buy rating, target price $356:
Q3 2025 results exceeded expectations, with AI-driven HPC revenue accounting for 57% and advanced processes accounting for 74%. Gross margin of 59.5% was better than guidance, benefiting from cost improvements and high capacity utilization. Capital expenditure was increased to $42 billion to expand 2nm and advanced packaging capacity. Revenue CAGR is projected to be 24% from 2025 to 2027, net profit CAGR to be 28%, 2026 PE ratio to be 28x, and target market capitalization to be $1.8462 trillion.
CITIC Securities Maintain Tianhong Technology (CLS.N) Buy rating, target price $385:
The company's Q1 results exceeded expectations, leading to an upward revision of its 2025 guidance and its first-ever 2026 revenue guidance of $16 billion. Benefiting from demand for 800G/1.6T switches and mass production of ASICs and rack-mount custom projects from major clients, the CCS division grew by 40%. AI drives data centers . The network continues to experience high growth, and its core beneficiary status remains solid.
Huaan Securities maintains Microsoft (MSFT.O) Overweight rating:
The company's FY26Q1 results exceeded expectations, with revenue of $77.7 billion (YoY +18%), intelligent cloud revenue growing by 28%, and Azure growing by 40% year-over-year, indicating continued strong demand. A $250 billion contract was signed with OpenAI, and Copilot reached 150 million monthly active users, demonstrating the comprehensive penetration of AI. Accelerated investment in CapEx supports long-term growth; although GAAP profits were dragged down by investments, non-GAAP net profit still showed steady growth.
CITIC Securities maintains its support for Western Data. (WDC.O) Buy rating, target price $182:
Benefiting from AI-driven data storage demand, the company's gross margin improvement and product structure optimization exceeded expectations. Industry supply shortages continue into CY2026, with high order visibility from the top 7 customers. Accelerated deployment of new ePMR/HAMR technologies supports long-term profit growth.
CICC maintains its support for Starbucks (SBUX.O) Outperform rating, target price $95:
4QFY25 results slightly missed expectations, primarily due to a decline in operating margins in North America. International same-store sales growth was robust, while China same-store sales increased by 2%, and transaction volume increased by 9%. The company is advancing its green apron service and product innovation to improve customer experience. We have lowered our 2026 EPS forecast to $2.39 and introduced a 2027 EPS forecast of $3.10. Long-term growth prospects support a target price of $95, corresponding to a 2026 P/E ratio of 39.8x.
(Article source: CLS)
