CLSA Stock Recommendations and Price Targets

This is a list of recent ratings by CLSA.

Date	Company Name	Action	Current Price	Price Target	Rating
10/26/2026	TSLA Tesla	Reiterated Rating	$400.00		Underperform ➝ Underperform
10/22/2026	CME CME Group	Set Price Target	$303.00	$367.00
10/22/2026	TSLA Tesla	Upgrade	$400.00	$310.00 ➝ $400.00	Underperform ➝ Hold
10/6/2026	STDN Standard Nuclear	Upgrade	$12.00		Neutral
10/2/2026	MU Micron Technology	Reiterated Rating	$885.00	$1,700.00	Outperform ➝ Outperform
10/2/2026	MU Micron Technology	Upgrade	$885.00		Moderate Buy
9/28/2026	SPCX SpaceX	Initiated Coverage	$135.00	$250.00	Outperform
9/9/2026	BETR Better Home & Finance	Upgrade	$21.00		Buy
9/9/2026	AMD Advanced Micro Devices	Reiterated Rating	$505.00	$710.00	Outperform ➝ Outperform
9/9/2026	AMD Advanced Micro Devices	Upgrade	$505.00		Moderate Buy
9/3/2026	TMO Thermo Fisher Scientific	Initiated Coverage	C$697.00	C$748.00	Outperform
9/3/2026	TMO Thermo Fisher Scientific	Initiated Coverage	C$697.00	C$748.00	Moderate Buy
8/28/2026	MRNA Moderna	Upgrade	$222.00		Outperform
8/28/2026	BZUN Baozun	Upgrade	$3.00	$3.20 ➝ $3.80	Hold ➝ Outperform
8/19/2026	BEKE KE	Initiated Coverage	$18.00	$23.80	Outperform
8/19/2026	WIT Wipro	Downgrade	$2.00		Hold ➝ Underperform
8/19/2026	INFY Infosys	Downgrade	$13.00		Outperform ➝ Hold
8/19/2026	BEKE KE	Initiated Coverage	$18.00	$23.80	Outperform
7/30/2026	MSFT Microsoft	Reiterated Rating	$522.00		Outperform ➝ Outperform
7/20/2026	NFLX Netflix	Initiated Coverage	$62.00		Outperform
7/20/2026	ORCL Oracle	Initiated Coverage	$130.00	$145.00	Hold
7/20/2026	ADBE Adobe	Initiated Coverage	$250.00	$300.00	Outperform
7/20/2026	MSFT Microsoft	Initiated Coverage	$522.00	$535.00	Outperform
7/20/2026	CRL Charles River Laboratories International	Downgrade	$359.00	$219.00	Outperform ➝ Hold
7/20/2026	CIZN Citizens	Set Price Target	$9.00	$8.00
7/20/2026	USB U.S. Bancorp	Set Price Target	$59.00	$67.50
7/20/2026	NOW ServiceNow	Initiated Coverage	$105.00	$72.00	Underperform
7/20/2026	WDAY Workday	Initiated Coverage	$198.00	$92.00	Underperform
7/20/2026	CRM Salesforce	Initiated Coverage	$229.00	$165.00	Hold
7/20/2026	ORCL Oracle	Initiated Coverage	$130.00	$145.00	Hold
7/20/2026	ADBE Adobe	Initiated Coverage	$250.00	$300.00	Outperform
7/20/2026	MSFT Microsoft	Initiated Coverage	$522.00	$535.00	Outperform
7/20/2026	NOW ServiceNow	Upgrade	$105.00		Moderate Sell
7/20/2026	WDAY Workday	Upgrade	$198.00		Moderate Sell
7/20/2026	ADBE Adobe	Initiated Coverage	$250.00	$300.00	Moderate Buy
7/20/2026	MSFT Microsoft	Initiated Coverage	$522.00	$535.00	Outperform
7/10/2026	WYNMF Wynn Macau	Upgrade	$1.00		Outperform
7/10/2026	MLCO Melco Resorts & Entertainment	Upgrade	$4.00	$6.10 ➝ $6.00	Hold ➝ Outperform
7/10/2026	WYNMY Wynn Macau	Downgrade	$6.00		Strong-Buy ➝ Moderate Buy
6/25/2026	XYL Xylem	Upgrade	$92.00		Hold
6/15/2026	MIRM Mirum Pharmaceuticals	Set Price Target	$85.00	$146.00
6/15/2026	CPNG Coupang	Initiated Coverage	$14.00	$24.00	Outperform ➝ Outperform
6/5/2026	MLCO Melco Resorts & Entertainment	Downgrade	$4.00	$6.10	Outperform ➝ Hold
6/4/2026	KURA Kura Oncology	Set Price Target	$10.00	$24.00
6/2/2026	SQM Sociedad Quimica y Minera	Upgrade	$55.00		Outperform
5/31/2026	CHA Chagee	Initiated Coverage	$12.00	$10.00	Hold
5/29/2026	DELL Dell Technologies	Upgrade	$424.00		Outperform
5/29/2026	CRL Charles River Laboratories International	Upgrade	$359.00	$167.00 ➝ $219.00	Hold ➝ Outperform
5/22/2026	DAVA Endava	Set Price Target	$2.00	$5.00
3/23/2026	SKHSY Sekisui House	Upgrade	$22.00		Strong-Buy
1/5/2026	WRD WeRide	Initiated Coverage	$4.00	$13.00	Outperform
1/2/2026	PONY Pony AI	Initiated Coverage	$5.00	$22.00	Outperform
1/2/2026	ATAT Atour Lifestyle	Initiated Coverage	$33.00	$49.00	Outperform
12/5/2025	AAPL Apple	Boost Price Target	$345.00	$265.00 ➝ $330.00	Outperform ➝ Outperform
11/25/2025	YUMC Yum China	Reiterated Rating	$46.00	$55.00	Outperform ➝ Outperform
11/11/2025	SUHJY Sun Hung Kai Properties	Upgrade	$14.00		Moderate Buy
10/20/2025	WIT Wipro	Downgrade	$2.00		Outperform ➝ Hold
10/8/2025	JHX James Hardie Industries	Upgrade	$27.00		Hold
10/5/2025	AAPL Apple	Upgrade	$345.00		Strong-Buy
10/2/2025	BABA Alibaba Group	Boost Price Target	$98.00	$155.00 ➝ $200.00	Outperform
10/1/2025	BRDCY Bridgestone	Upgrade	$12.00		Strong-Buy
9/22/2025	XPEV XPENG	Upgrade	$9.00		Strong-Buy
9/22/2025	LI Li Auto	Upgrade	$11.00		Strong-Buy
9/22/2025	PMRTY Pop Mart International Group	Upgrade	$17.00		Strong-Buy
9/22/2025	BIDU Baidu	Upgrade	$76.00		Strong-Buy
9/22/2025	LVMUY LVMH-Moet Hennessy Louis Vuitton	Upgrade	$86.00		Strong-Buy
9/9/2025	CCJ Cameco	Initiated Coverage	$77.00	$102.00	Outperform
9/9/2025	CCJ Cameco	Initiated Coverage	$77.00	$102.00	Outperform
9/9/2025	CCO Cameco	Upgrade	C$108.00		Moderate Buy
9/5/2025	UOLGY UOL Group	Upgrade	$25.00		Strong-Buy
9/3/2025	SJMHY SJM	Upgrade	$1.00		Hold
9/3/2025	SJMHF SJM	Upgrade	$0.00		Underperform ➝ Hold
9/3/2025	MLCO Melco Resorts & Entertainment	Upgrade	$4.00		Hold ➝ Outperform
9/2/2025	RMD ResMed	Upgrade	$231.00		Hold ➝ Outperform
8/27/2025	MU Micron Technology	Initiated Coverage	$885.00	$155.00	Outperform
8/19/2025	IQ iQIYI	Upgrade	$1.00		Hold ➝ Moderate Buy
8/4/2025	MIELY Mitsubishi Electric	Upgrade	$58.00		Hold
7/7/2025	GM General Motors	Upgrade	$87.00		Moderate Buy
6/26/2025	INTU Intuit	Initiated Coverage	$341.00	$900.00	Outperform
6/24/2025	WDS Woodside Energy Group	Upgrade	$24.00		Strong-Buy
6/23/2025	TTNDY Techtronic Industries	Upgrade	$86.00		Strong-Buy
6/19/2025	KWHIY Kawasaki Heavy Industries	Upgrade	$5.00		Hold
6/5/2025	AHKSY Asahi Kasei	Downgrade	$20.00		Moderate Buy ➝ Hold
5/30/2025	CIA Champion Iron	Upgrade	C$2.00		Hold
5/30/2025	NTTYY NTT	Upgrade	$27.00		Hold
5/29/2025	RKUNY Rakuten	Upgrade	$4.00		Strong-Buy
5/28/2025	AJINY Ajinomoto	Upgrade	$28.00		Strong-Buy
5/27/2025	SMR NuScale Power	Set Price Target	$6.00	$31.00 ➝ $41.00	Outperform ➝ Outperform
5/27/2025	MITEY Mitsubishi Estate	Upgrade	$24.00		Strong-Buy
5/27/2025	OKLO Oklo	Upgrade	$25.00	$50.00 ➝ $74.00	Outperform ➝ Moderate Buy
5/27/2025	BWXT BWX Technologies	Reiterated Rating	$130.00	$153.00 ➝ $177.60	Outperform ➝ Outperform
4/9/2025	GRAB Grab	Upgrade	$3.00		Moderate Buy
3/7/2025	INFY Infosys	Upgrade	$13.00		Hold ➝ Outperform
2/5/2025	TM Toyota Motor	Downgrade	$196.00		Outperform ➝ Hold
11/29/2024	NEM Newmont	Initiated Coverage	$107.00		Underperform
11/29/2024	NGT Newmont	Upgrade	C$116.00		Hold
11/18/2024	BZ KANZHUN	Initiated Coverage	$17.00	$18.00	Outperform
11/18/2024	CRL Charles River Laboratories International	Downgrade	$359.00	$164.00	Hold ➝ Underperform
11/7/2024	CRL Charles River Laboratories International	Upgrade	$359.00	$205.00	Underperform ➝ Hold
10/24/2024	ATHM Autohome	Downgrade	$20.00		Outperform ➝ Hold