The following are the latest ratings and target prices for US stocks from various brokerage firms:
CITIC Securities Maintain Buy rating on Applovin Corp-A (APP.O):
Advertising revenue and guidance exceeded expectations, with new advertiser spending increasing by 50% week-on-week. Growth was driven by e-commerce advertising, AI engine upgrades, and expansion into other vertical sectors. (Gaming ) App store fee optimization and improved profitability are expected to increase shareholder returns. However, be aware of data compliance risks.
China Merchants Securities (Hong Kong) Maintain Hesai (HSAI.O) Buy rating, target price $26.7:
3Q25 revenue and profit exceeded expectations, with non-GAAP net profit of RMB 288 million and a gross margin of 42.1%, better than expected. LiDAR shipments are growing strongly, projected to reach 1.6 million units by 2025, benefiting from the ramp-up of ATX production and increased penetration of L3 autonomous driving. The company has secured full-line orders from major customers, and its high-end ETX products will enter mass production by the end of 2026. Based on a 2026 P/S ratio of 5.3x, a target price of US$26.7 is given.
CITIC Securities maintains its "Buy" rating on Palantir Technologies Inc-A (PLTR.O):
The company's Q4 revenue guidance showed a growth rate of 61%, with continued growth in the number of major clients. The average annualized revenue from the top 20 clients rose to US$83 million. Accelerated deployment of enterprise-level AI IPs drove the expansion of revenue per client and order volume. The collaboration between AI FDE and human FDE contributed to improved profitability. The better-than-expected performance reflects strong long-term growth momentum.
China Merchants Securities (Hong Kong) maintains its "Buy" rating on Roblox Corp-A (RBLX.N) with a target price of $166.
The company's Q3 performance was strong, with DAU growth exceeding expectations and an optimized user structure (67% of users ≥13 years old) boosting LTV. Investments in minor protection and content security have built a strong competitive advantage, and the company's exemption from Australia's social media ban is beneficial for expanding user engagement time. The platform's PSG valuation is reasonable, and the CAGR from 2025-27 supports the target price. Risks: Macroeconomic factors, competition, and regulation.
CITIC Securities maintains its "Buy" rating on Unity Software Inc (UN):
3Q25 results exceeded expectations, with strong subscription growth in the Create business and the release of in-app purchase payment potential boosting profitability; the Grow business benefited from the Vector AI upgrade, accelerating the integration of advertising products. Unity 6 engine iteration and cost reduction and efficiency improvement helped reshape the competitiveness of game advertising, driving the company's turnaround from its predicament, and the long-term growth logic is clear.
CITIC Securities has given Vistra Corp (VST.N) a buy rating with a target price of $247.
As an integrated power supplier, the company benefits from AI-driven data centers. Electricity demand is growing. Revenue reached US$17.22 billion in 2024 (YoY +16.5%), and adjusted EBITDA was US$5.54 billion (YoY +35.1%). With nuclear power capacity of 6.4GW, it boasts high stability and electricity price premiums. Over 50% of revenue comes from Texas, demonstrating a significant locational advantage and promising medium- to long-term growth potential.
China International Capital Corporation Maintaining Dingdong Maicai (DDL.N) Outperform rating, target price $2.50:
3Q25 results met expectations, with revenue up 1.9% year-over-year, non-GAAP net profit of RMB 100 million, and gross margin stabilizing at 28.9% quarter-over-quarter. GMV was under pressure, but user numbers and order frequency both increased, and the main site showed strong user stickiness. B2B business drove growth, and the expense ratio improved. We are optimistic about its supply chain and product strength supporting expansion in smaller cities in the Yangtze River Delta region and overseas, creating a differentiated advantage. Current valuation is low; a target price of US$2.5 corresponds to a 2025 non-GAAP P/E ratio of 11x, representing a 41% upside.
Guojin Securities Maintain Buy rating on Hesai (HSAI.O):
The company's Q3 revenue reached 795 million yuan, a year-on-year increase of 47.5%. LiDAR deliveries exceeded expectations at 441,000 units, with a gross margin of 42.1% and net profit significantly exceeding expectations. Operating leverage was released, and OpEx's gross profit covered the gains. The full-year net profit guidance was raised to 350-450 million yuan. A major client secured full-series contract in 2026, and both ETX and FTX sales volume and prices increased, demonstrating clear long-term growth potential.
CICC maintains Eli Lilly's (LLY.N) Neutral rating, target price $1,060:
Q3 2025 results exceeded expectations, with strong revenue from telpotetide and leading market share for Mounjaro and Zepbound. We have raised our 2025/26 non-GAAP net profit forecasts. Benefiting from product leadership and pipeline progress, we have raised our target price to $1,060 based on a DCF model, representing a 9.7% upside from the current price.
Citigroup Global Markets provided XPeng Motors with [a grant/received] (XPEV.N) Buy rating, target price $29:
The G7 is reasonably priced and received over 10,000 orders within 9 minutes of its launch, meeting expectations. While its performance is average, its ADAS and smart cockpit are highlights. Monthly sales are projected at 8,000 to 10,000 units, supported by competitive advantages and the industry environment, which justifies our buy rating and $29 target price.
(Article source: CLS)
