CICC Research Stock Recommendations and Price Targets

This is a list of recent ratings by CICC Research.

Date	Company Name	Action	Current Price	Price Target	Rating
1/30/2026	MDT Medtronic	Initiated Coverage	$102.00		Outperform
1/26/2026	FCX Freeport-McMoRan	Boost Price Target	$61.00	$50.40 ➝ $64.40	Outperform ➝ Outperform
1/14/2026	JPM JPMorgan Chase & Co.	Initiated Coverage	$308.00	$355.00	Outperform
1/14/2026	BAC Bank of America	Initiated Coverage	$54.00	$62.00	Outperform
1/14/2026	WFC Wells Fargo & Company	Initiated Coverage	$92.00	$96.00	Market Perform
1/9/2026	NVO Novo Nordisk A/S	Initiated Coverage	$59.00	$73.50	Outperform
12/26/2025	WMT Walmart	Initiated Coverage	$124.00	$125.00	Outperform
12/18/2025	TSLA Tesla	Boost Price Target	$424.00	$450.00 ➝ $500.00	Outperform ➝ Outperform
12/3/2025	LIN Linde	Initiated Coverage	$460.00	$510.00	Outperform
11/25/2025	HSAI Hesai Group	Initiated Coverage	$23.00	$23.50	Outperform
11/21/2025	NVDA NVIDIA	Boost Price Target	$187.00	$200.00 ➝ $228.00	Outperform ➝ Outperform
11/14/2025	CSCO Cisco Systems	Boost Price Target	$81.00	$78.00 ➝ $84.00	Outperform ➝ Outperform
11/13/2025	LLY Eli Lilly and Company	Boost Price Target	$1,043.00	$801.00 ➝ $1,060.00	Neutral ➝ Neutral
11/12/2025	PLTR Palantir Technologies	Boost Price Target	$148.00	$128.00 ➝ $150.00	Neutral ➝ Neutral
11/11/2025	NBIS Nebius Group	Initiated Coverage	$88.00	$143.00	Outperform
11/10/2025	EXPE Expedia Group	Upgrade	$278.00	$271.00	Market Perform ➝ Outperform
11/7/2025	BG Bunge Global	Boost Price Target	$114.00	$90.00 ➝ $110.00
11/7/2025	AMD Advanced Micro Devices	Upgrade	$247.00	$265.00	Market Perform ➝ Outperform
11/5/2025	AMZN Amazon.com	Boost Price Target	$243.00	$240.00 ➝ $280.00	Outperform ➝ Outperform
10/31/2025	GOOGL Alphabet	Boost Price Target	$343.00	$240.00 ➝ $303.00	Outperform ➝ Outperform
10/27/2025	IBKR Interactive Brokers Group	Initiated Coverage	$76.00	$78.00	Outperform
10/27/2025	HOOD Robinhood Markets	Initiated Coverage	$89.00	$155.00	Outperform
9/30/2025	TTWO Take-Two Interactive Software	Initiated Coverage	$223.00	$272.00	Outperform
9/26/2025	FCX Freeport-McMoRan	Lower Price Target	$61.00	$51.60 ➝ $42.30	Outperform ➝ Outperform
9/18/2025	TSLA Tesla	Boost Price Target	$424.00	$360.00 ➝ $450.00	Outperform ➝ Outperform
8/29/2025	ALAB Astera Labs	Initiated Coverage	$153.00	$190.00	Outperform
8/21/2025	UL Unilever	Initiated Coverage	$68.00		Outperform
8/19/2025	CLS Celestica	Initiated Coverage	$285.00		Outperform
7/14/2025	CSCO Cisco Systems	Initiated Coverage	$81.00	$78.00	Outperform
7/7/2025	ROK Rockwell Automation	Initiated Coverage	$427.00	$381.00	Outperform
6/30/2025	BROS Dutch Bros	Initiated Coverage	$56.00	$80.00	Outperform
6/30/2025	SBUX Starbucks	Initiated Coverage	$92.00	$100.00	Outperform
6/20/2025	SNOW Snowflake	Initiated Coverage	$192.00	$225.00	Outperform
6/9/2025	LULU lululemon athletica	Reiterated Rating	$179.00	$280.49	Outperform ➝ Market Perform
6/6/2025	CHA Chagee	Initiated Coverage	$12.00	$41.50	Outperform
5/12/2025	VALE Vale	Initiated Coverage	$16.00	$11.30	Outperform
5/12/2025	MNST Monster Beverage	Upgrade	$81.00	$56.00 ➝ $65.00	Market Perform ➝ Outperform
5/12/2025	NET Cloudflare	Upgrade	$183.00	$154.00	Market Perform ➝ Outperform
2/19/2025	GEV GE Vernova	Initiated Coverage	$757.00		Outperform
2/7/2025	PEP PepsiCo	Reiterated Rating	$156.00		Outperform ➝ Market Perform
1/27/2025	ISRG Intuitive Surgical	Initiated Coverage	$498.00	$550.00	Neutral
1/14/2025	RBLX Roblox	Initiated Coverage	$68.00		Outperform
1/2/2025	EH EHang	Initiated Coverage	$13.00		Outperform
12/27/2024	EL Estee Lauder Companies	Initiated Coverage	$119.00	$82.00	Market Perform
11/18/2024	CRWD CrowdStrike	Initiated Coverage	$438.00	$295.00	Market Perform
9/30/2024	ZKH ZKH Group	Initiated Coverage	$3.00	$4.00	Outperform
5/2/2024	NFLX Netflix	Initiated Coverage	$83.00	$65.00	Outperform
4/24/2024	SCCO Southern Copper	Initiated Coverage	$193.00		Outperform
3/6/2024	NVDA NVIDIA	Initiated Coverage	$187.00	$87.00	Outperform
8/28/2023	U Unity Software	Initiated Coverage	$29.00		Outperform
8/28/2023	META Meta Platforms	Initiated Coverage	$712.00		Outperform
8/18/2023	SE SEA	Downgrade	$113.00		Outperform ➝ Market Perform
7/9/2023	AMZN Amazon.com	Initiated Coverage	$243.00		Outperform
6/14/2023	HSBC HSBC	Upgrade	$89.00		Market Perform ➝ Outperform
6/14/2023	HSBA HSBC	Upgrade	GBX 1,305	GBX 763.55	Outperform
3/23/2023	ALGN Align Technology	Initiated Coverage	$163.00		Market Perform
3/17/2023	FDS FactSet Research Systems	Initiated Coverage	$248.00		Outperform
2/21/2023	ALB Albemarle	Initiated Coverage	$165.00		Market Perform