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
12/3/2025	LIN Linde	Initiated Coverage	$404.00	$510.00	Outperform
11/25/2025	HSAI Hesai Group	Initiated Coverage	$20.00	$23.50	Outperform
11/21/2025	NVDA NVIDIA	Boost Price Target	$183.00	$200.00 ➝ $228.00	Outperform ➝ Outperform
11/14/2025	CSCO Cisco Systems	Boost Price Target	$78.00	$78.00 ➝ $84.00	Outperform ➝ Outperform
11/13/2025	LLY Eli Lilly and Company	Boost Price Target	$1,012.00	$801.00 ➝ $1,060.00	Neutral ➝ Neutral
11/12/2025	PLTR Palantir Technologies	Boost Price Target	$178.00	$128.00 ➝ $150.00	Neutral ➝ Neutral
11/11/2025	NBIS Nebius Group	Initiated Coverage	$103.00	$143.00	Outperform
11/10/2025	EXPE Expedia Group	Upgrade	$258.00	$271.00	Market Perform ➝ Outperform
11/7/2025	BG Bunge Global	Boost Price Target	$94.00	$90.00 ➝ $110.00
11/7/2025	AMD Advanced Micro Devices	Upgrade	$216.00	$265.00	Market Perform ➝ Outperform
11/5/2025	AMZN Amazon.com	Boost Price Target	$229.00	$240.00 ➝ $280.00	Outperform ➝ Outperform
10/31/2025	GOOGL Alphabet	Boost Price Target	$318.00	$240.00 ➝ $303.00	Outperform ➝ Outperform
10/27/2025	IBKR Interactive Brokers Group	Initiated Coverage	$66.00	$78.00	Outperform
10/27/2025	HOOD Robinhood Markets	Initiated Coverage	$137.00	$155.00	Outperform
9/30/2025	TTWO Take-Two Interactive Software	Initiated Coverage	$248.00	$272.00	Outperform
9/26/2025	FCX Freeport-McMoRan	Lower Price Target	$45.00	$51.60 ➝ $42.30	Outperform ➝ Outperform
9/18/2025	TSLA Tesla	Boost Price Target	$455.00	$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	$59.00		Outperform
8/19/2025	CLS Celestica	Initiated Coverage	$323.00		Outperform
7/14/2025	CSCO Cisco Systems	Initiated Coverage	$78.00	$78.00	Outperform
7/7/2025	ROK Rockwell Automation	Initiated Coverage	$403.00	$381.00	Outperform
6/30/2025	BROS Dutch Bros	Initiated Coverage	$61.00	$80.00	Outperform
6/30/2025	SBUX Starbucks	Initiated Coverage	$85.00	$100.00	Outperform
6/20/2025	SNOW Snowflake	Initiated Coverage	$234.00	$225.00	Outperform
6/9/2025	LULU lululemon athletica	Reiterated Rating	$184.00	$280.49	Outperform ➝ Market Perform
6/6/2025	CHA Chagee	Initiated Coverage	$15.00	$41.50	Outperform
5/12/2025	VALE Vale	Initiated Coverage	$14.00	$11.30	Outperform
5/12/2025	MNST Monster Beverage	Upgrade	$73.00	$56.00 ➝ $65.00	Market Perform ➝ Outperform
5/12/2025	NET Cloudflare	Upgrade	$204.00	$154.00	Market Perform ➝ Outperform
2/19/2025	GEV GE Vernova	Initiated Coverage	$629.00		Outperform
2/7/2025	PEP PepsiCo	Reiterated Rating	$147.00		Outperform ➝ Market Perform
1/27/2025	ISRG Intuitive Surgical	Initiated Coverage	$569.00	$550.00	Neutral
1/14/2025	RBLX Roblox	Initiated Coverage	$95.00		Outperform
1/2/2025	EH EHang	Initiated Coverage	$14.00		Outperform
12/27/2024	EL Estee Lauder Companies	Initiated Coverage	$104.00	$82.00	Market Perform
11/18/2024	CRWD CrowdStrike	Initiated Coverage	$513.00	$295.00	Market Perform
10/25/2024	ZK ZEEKR Intelligent Technology	Initiated Coverage	$27.00	$31.74	Outperform
9/30/2024	ZKH ZKH Group	Initiated Coverage	$3.00	$4.00	Outperform
5/2/2024	NFLX Netflix	Initiated Coverage	$103.00	$65.00	Outperform
4/24/2024	SCCO Southern Copper	Initiated Coverage	$140.00		Outperform
3/6/2024	NVDA NVIDIA	Initiated Coverage	$183.00	$87.00	Outperform
8/28/2023	U Unity Software	Initiated Coverage	$44.00		Outperform
8/28/2023	META Meta Platforms	Initiated Coverage	$662.00		Outperform
8/18/2023	SE SEA	Downgrade	$135.00		Outperform ➝ Market Perform
7/9/2023	AMZN Amazon.com	Initiated Coverage	$229.00		Outperform
6/14/2023	HSBC HSBC	Upgrade	$72.00		Market Perform ➝ Outperform
6/14/2023	HSBA HSBC	Upgrade	GBX 1,074	GBX 763.55	Outperform
3/23/2023	ALGN Align Technology	Initiated Coverage	$157.00		Market Perform
3/17/2023	FDS FactSet Research Systems	Initiated Coverage	$279.00		Outperform
2/21/2023	ALB Albemarle	Initiated Coverage	$119.00		Market Perform
1/12/2023	BX Blackstone	Initiated Coverage	$151.00		Outperform
12/30/2022	GNNSF Genscript Biotech	Initiated Coverage	$2.00		Outperform