Daiwa Capital Markets Stock Recommendations and Price Targets

This is a list of recent ratings by Daiwa Capital Markets.

DateCompany NameActionCurrent
Price
Price
Target
Rating
12/16/2025
LLY
Eli Lilly and Company
Set Price Target$1,071.00 $1,230.00Neutral ➝ Buy
12/16/2025
COST
Costco Wholesale
Lower Price Target$856.00$947.00 ➝ $917.00Neutral ➝ Neutral
12/16/2025
LULU
lululemon athletica
Boost Price Target$209.00$174.00 ➝ $205.00Neutral ➝ Neutral
12/16/2025
HD
Home Depot
Boost Price Target$345.00$348.00 ➝ $360.00Neutral ➝ Neutral
12/9/2025
CRWD
CrowdStrike
Boost Price Target$481.00$530.00 ➝ $560.00Outperform ➝ Outperform
12/9/2025
FSLR
First Solar
Boost Price Target$267.00$215.00 ➝ $284.00Outperform ➝ Outperform
12/8/2025
DG
Dollar General
Boost Price Target$137.00$113.00 ➝ $130.00Neutral ➝ Neutral
12/3/2025
DELL
Dell Technologies
Boost Price Target$126.00$140.00 ➝ $150.00Outperform ➝ Outperform
12/2/2025
BE
Bloom Energy
Set Price Target$89.00 $98.00
12/2/2025
CSIQ
Canadian Solar
Upgrade$24.00 $30.00Neutral ➝ Outperform
12/2/2025
BE
Bloom Energy
Initiated Coverage$89.00Neutral
12/2/2025
DE
Deere & Company
Lower Price Target$471.00$530.00 ➝ $520.00Outperform ➝ Outperform
11/28/2025
BBY
Best Buy
Boost Price Target$72.00$76.00 ➝ $80.00Neutral ➝ Neutral
11/26/2025
INTU
Intuit
Boost Price Target$671.00$770.00 ➝ $800.00Buy ➝ Buy
11/25/2025
MDT
Medtronic
Boost Price Target$99.00$104.00 ➝ $117.00Buy ➝ Buy
11/24/2025
HD
Home Depot
Lower Price Target$345.00$399.00 ➝ $348.00Neutral ➝ Neutral
11/18/2025
XPEV
XPENG
Upgrade$20.00 $29.00Neutral ➝ Buy
11/18/2025
AMGN
Amgen
Boost Price Target$327.00$310.00 ➝ $370.00Outperform ➝ Outperform
11/18/2025
CMCSA
Comcast
Lower Price Target$30.00$38.00 ➝ $30.00Outperform ➝ Outperform
11/13/2025
GILD
Gilead Sciences
Boost Price Target$124.00$128.00 ➝ $129.00Outperform ➝ Outperform
11/12/2025
FTNT
Fortinet
Downgrade$80.00 $86.00Outperform ➝ Neutral
11/12/2025
EBAY
eBay
Lower Price Target$85.00$99.00 ➝ $84.00Neutral ➝ Neutral
11/11/2025
AMZN
Amazon.com
Boost Price Target$227.00$254.00 ➝ $300.00Buy ➝ Buy
11/10/2025
LLY
Eli Lilly and Company
Boost Price Target$1,071.00$700.00 ➝ $940.00
11/7/2025
MSFT
Microsoft
Lower Price Target$486.00$640.00 ➝ $630.00Buy ➝ Buy
11/6/2025
PLTR
Palantir Technologies
Boost Price Target$193.00$178.00 ➝ $200.00Neutral ➝ Neutral
11/6/2025
GOOGL
Alphabet
Boost Price Target$307.00$233.00 ➝ $333.00Buy ➝ Buy
10/28/2025
TMUS
T-Mobile US
Lower Price Target$197.00$240.00 ➝ $230.00Neutral ➝ Neutral
10/24/2025
ISRG
Intuitive Surgical
Boost Price Target$572.00$510.00 ➝ $550.00Outperform ➝ Outperform
10/22/2025
EQIX
Equinix
Set Price Target$758.00 $917.00Outperform
10/22/2025
DLR
Digital Realty Trust
Initiated Coverage$150.00 $210.00Buy
10/21/2025
ABT
Abbott Laboratories
Boost Price Target$125.00$134.00 ➝ $136.00Outperform ➝ Outperform
10/20/2025
JNJ
Johnson & Johnson
Upgrade$206.00 $203.00Neutral ➝ Outperform
10/14/2025
BIDU
Baidu
Set Price Target$124.00 $160.00Neutral ➝ Buy
10/8/2025
BAC
Bank of America
Boost Price Target$55.00$54.00 ➝ $58.00Outperform ➝ Outperform
10/8/2025
GS
The Goldman Sachs Group
Boost Price Target$894.00$756.00 ➝ $810.00Neutral ➝ Neutral
10/8/2025
JPM
JPMorgan Chase & Co.
Boost Price Target$317.00$330.00 ➝ $332.00Outperform ➝ Outperform
10/1/2025
APTV
Aptiv
Boost Price Target$78.00$79.00 ➝ $100.00Outperform ➝ Outperform
9/30/2025
COST
Costco Wholesale
Lower Price Target$856.00$1,005.00 ➝ $947.00Neutral ➝ Neutral
9/25/2025
DE
Deere & Company
Lower Price Target$471.00$565.00 ➝ $530.00Outperform ➝ Outperform
9/24/2025
CRWD
CrowdStrike
Boost Price Target$481.00$475.00 ➝ $530.00Outperform ➝ Outperform
9/24/2025
EMR
Emerson Electric
Boost Price Target$133.00$150.00 ➝ $153.00Outperform ➝ Outperform
9/22/2025
MP
MP Materials
Initiated Coverage$54.00 $80.00Outperform
9/22/2025
FDX
FedEx
Boost Price Target$289.00$232.00 ➝ $240.00Neutral ➝ Neutral
9/17/2025
VST
Vistra
Upgrade$163.00 $250.00Neutral ➝ Buy
9/17/2025
NVDA
NVIDIA
Boost Price Target$181.00$165.00 ➝ $205.00Outperform ➝ Outperform
9/12/2025
MDT
Medtronic
Boost Price Target$99.00$101.00 ➝ $104.00Buy ➝ Buy
9/11/2025
DELL
Dell Technologies
Boost Price Target$126.00$125.00 ➝ $140.00Outperform ➝ Outperform
9/11/2025
ETN
Eaton
Initiated Coverage$318.00 $390.00Outperform
8/20/2025
AMAT
Applied Materials
Reiterated Rating$256.00$185.00 ➝ $170.00Outperform ➝ Neutral
8/19/2025
GILD
Gilead Sciences
Upgrade$124.00 $128.00Neutral ➝ Outperform
8/17/2025
LLY
Eli Lilly and Company
Downgrade$1,071.00 $700.00Outperform ➝ Neutral
8/12/2025
ILMN
Illumina
Downgrade$135.00 $94.00Outperform ➝ Neutral
8/12/2025
TME
Tencent Music Entertainment Group
Upgrade$18.00Neutral ➝ Outperform
8/11/2025
FUTU
Futu
Initiated Coverage$165.00 $190.00Negative ➝ Buy
8/7/2025
ABBV
AbbVie
Upgrade$227.00 $214.00Neutral ➝ Outperform
8/5/2025
BMY
Bristol Myers Squibb
Downgrade$54.00 $42.00Outperform ➝ Neutral
8/1/2025
MELI
MercadoLibre
Initiated Coverage$1,998.00 $3,000.00Buy
7/27/2025
PONY
Pony AI
Initiated Coverage$16.00Outperform
7/27/2025
OKLO
Oklo
Upgrade$83.00Neutral ➝ Outperform
7/27/2025
TSLA
Tesla
Reiterated Rating$481.00Neutral ➝ Neutral
7/11/2025
OKLO
Oklo
Initiated Coverage$83.00 $58.00Neutral
7/8/2025
TJX
TJX Companies
Initiated Coverage$155.00 $133.00Outperform
5/28/2025
GDS
GDS
Reiterated Rating$36.00Buy ➝ Buy
5/15/2025
KLTHF
East Buy
Upgrade$3.00Outperform
5/12/2025
EBAY
eBay
Upgrade$85.00 $70.00Neutral ➝ Buy
4/4/2025
GS
The Goldman Sachs Group
Downgrade$894.00 $560.00Outperform ➝ Neutral
4/2/2025
EH
EHang
Initiated Coverage$14.00 $30.00Buy
4/1/2025
PLTR
Palantir Technologies
Initiated Coverage$193.00 $90.00Neutral
4/1/2025
SNOW
Snowflake
Initiated Coverage$223.00 $210.00Buy
4/1/2025
MDB
MongoDB
Initiated Coverage$430.00 $202.00Outperform
3/19/2025
XPEV
XPENG
Reiterated Rating$20.00 $24.00Buy ➝ Neutral
3/18/2025
HUYA
HUYA
Downgrade$3.00Outperform ➝ Neutral
3/12/2025
HPE
Hewlett Packard Enterprise
Downgrade$24.00 $16.00Outperform ➝ Neutral
3/11/2025
HSAI
Hesai Group
Initiated Coverage$24.00 $35.00Buy
3/5/2025
TLN
Talen Energy
Set Price Target$372.00 $200.00
3/5/2025
VST
Vistra
Initiated Coverage$163.00 $120.00Neutral
2/24/2025
PWR
Quanta Services
Downgrade$426.00Outperform ➝ Neutral
2/18/2025
BIDU
Baidu
Reiterated Rating$124.00Buy ➝ Outperform
2/11/2025
GDS
GDS
Upgrade$36.00Neutral ➝ Buy
1/28/2025
EMR
Emerson Electric
Initiated Coverage$133.00 $147.00Outperform
1/10/2025
JKS
JinkoSolar
Downgrade$28.00Underperform ➝ Sell
1/7/2025
ALV
Autoliv
Upgrade$121.00 $109.00Neutral ➝ Outperform
12/6/2024
PWR
Quanta Services
Initiated Coverage$426.00 $355.00Outperform
12/5/2024
ABBV
AbbVie
Downgrade$227.00 $180.00Outperform ➝ Neutral
12/4/2024
TLN
Talen Energy
Initiated Coverage$372.00 $248.00Buy
11/26/2024
TGT
Target
Downgrade$98.00$170.00 ➝ $130.00Outperform ➝ Neutral
11/13/2024
BMY
Bristol Myers Squibb
Upgrade$54.00Neutral ➝ Outperform
11/11/2024
MRK
Merck & Co., Inc.
Downgrade$101.00Buy ➝ Neutral
11/8/2024
BILI
Bilibili
Upgrade$25.00Neutral ➝ Buy
11/8/2024
APP
AppLovin
Upgrade$721.00$80.00 ➝ $280.00Neutral ➝ Outperform
10/30/2024
DQ
DAQO New Energy
Upgrade$33.00Neutral ➝ Outperform
10/23/2024
GRAB
Grab
Initiated Coverage$5.00 $4.60Outperform
10/17/2024
UBER
Uber Technologies
Downgrade$79.00 $84.00Outperform ➝ Neutral
10/10/2024
JPM
JPMorgan Chase & Co.
Lower Price Target$317.00$240.00 ➝ $235.00Overweight ➝ Overweight
10/9/2024
DQ
DAQO New Energy
Reiterated Rating$33.00$18.00 ➝ $25.00Outperform ➝ Hold
10/3/2024
BILI
Bilibili
Downgrade$25.00Outperform ➝ Neutral
8/26/2024
TGT
Target
Upgrade$98.00 $170.00Neutral ➝ Outperform
8/22/2024
BILI
Bilibili
Upgrade$25.00Neutral ➝ Outperform
8/16/2024
ILMN
Illumina
Upgrade$135.00$120.00 ➝ $154.00Neutral ➝ Buy