The following are the latest ratings and target prices for US stocks from various brokerage firms:
Needham maintains its Buy rating on Roku Inc-A (ROKU.O) with a target price of $100.00.
Analysts believe Roku's leading position in the streaming market is solid, and its advertising revenue has significant growth potential. Despite increasing competition, its platform user base continues to expand, and ARPU (Average Revenue Per User) is expected to improve. The target price reflects optimistic expectations for future profitability and market share.
SPDB International maintains its Buy rating on Applovin Corp-A (APP.O) with a target price of $780.
3Q25 advertising revenue and profit exceeded expectations, with adjusted EBITDA margin rising to 82.4%. (Games ) Advertising growth is strong, the self-service platform launch is progressing smoothly, and new customer spending is up 50% weekly. AI optimization and generative advertising testing are progressing, potentially driving long-term growth. We have raised our FY26E revenue forecast to $7.4 billion and raised our target price to $780, corresponding to 35x FY27E EV/EBITDA.
CITIC Securities Maintain Buy rating on Cloudflare Inc-A (NET.N):
The company's growth accelerated this quarter, with strong momentum in acquiring major clients and extending contract terms. Better-than-expected progress on Act2 and Act3, and the deployment of Act4, solidify the foundation for long-term growth. The expansion of the global backbone network builds competitive barriers, drives rapid penetration in areas such as SASE and edge AI, and sales capabilities continue to improve, indicating broad long-term development potential.
China Merchants Securities (Hong Kong) Maintains Buy rating on Coinbase Global Inc-A (COIN.O) with a target price of $410.0.
The company is advancing its "Exchange for Everything" strategy, integrating decentralized trading, derivatives, and tokenized assets to expand product diversity. Benefiting from anticipated regulatory changes under the US Clearer framework, it is deepening partnerships with companies like Blackrock and PayPal, enhancing institutional service revenue. Stablecoin payments and its Base App innovative business are progressing positively, and the SOTP valuation supports the target price.
CITIC Securities maintains its "Buy" rating on HubSpot Inc (HUBS.N) with a target price of $625.
FY2025Q3 revenue reached $810 million (+21% YoY), exceeding expectations. The number of customers reached 279,000 (+17% YoY), with successful AI product rollout and rapid growth in Agent users. Although impacted by short-term AI search traffic, the effectiveness of the generative AI strategy is evident, driving medium- to long-term growth potential and supporting a target price of $625.
China International Capital Corporation We give Nebius Group NV-A (NBIS.O) an Outperform rating with a target price of $143.00.
Leveraging Yandex's technological foundation, the company has built an integrated hardware and software AI cloud ecosystem, optimizing user experience and cost structure through full-stack services. Benefiting from the high-growth track of AI-driven emerging cloud vendors, a diverse customer base contributes to market share expansion. The company projects a PS ratio of 15x in 2026, representing a 17% upside from the current 13x.
SPDB International maintains its Buy rating on Unity Software Inc (UN) with a target price of $46.
Q3 results exceeded expectations, with revenue of $471 million (YoY +5.4%) and adjusted EBITDA margin rising to 23.3%. Vector AI drove advertising growth, the benefits of Create's price increase continued to materialize, and the adoption rate of the Unity 6 engine increased. We have raised our FY25E/FY26E revenue forecasts and raised our target price to $46 (FY27E 35x EV/EBITDA), with a solid long-term growth logic.
Guosheng Securities Maintain AMD (AMD.O) Buy rating, target price $287:
2025 Q3 revenue and profit exceeded expectations, data center GPU sales ramp-up and high EPYC CPU growth are driving revenue. The MI400 series, Venice processor, and OpenAI collaboration are expected to be implemented in 2026, propelling long-term growth. We project a 31% revenue CAGR from 2025-2027 and, based on a 45x 2026e P/E ratio, give a target price of $287.
CITIC Securities Maintain Microsoft (MSFT.O) Buy rating:
Microsoft's FY26Q1 revenue reached $77.67 billion (YoY +18%), with Intelligent Cloud revenue increasing by 28% and Azure by 40%. RPO surged 51% year-on-year to $392 billion, indicating continued demand exceeding supply. CapEx forecasts were revised upwards, clearly indicating AI capacity expansion. Operating profit margin improved to 49%, reflecting the economies of scale of the "AI factory." Although M365 commercial growth slowed, Copilot drove ARPU growth, demonstrating strong long-term growth certainty.
First Shanghai maintains its application of optoelectronics (AAOI.O) Buy rating, target price $42.2:
Q3 2025 revenue reached $119 million, a year-over-year increase of 81.9%, with non-GAAP gross margin improving to 31%. The data center business is expected to see significant growth in 2026, benefiting from the mass production of 400G/800G optical modules and the rollout of AWS certification. Non-GAAP net profit is projected to reach $192 million in 2026, resulting in a target price of $42.2 based on a PE ratio of 15.
(Article source: CLS)
