TD Cowen Stock Recommendations and Price Targets

This is a list of recent ratings by TD Cowen.

Date	Company Name	Action	Current Price	Price Target	Rating
6/18/2026	KRYS Krystal Biotech	Boost Price Target	$348.00	$306.00 ➝ $403.00	Buy ➝ Buy
6/18/2026	FROG JFrog	Boost Price Target	$83.00	$80.00 ➝ $100.00	Buy ➝ Buy
6/18/2026	BTSG BrightSpring Health Services	Boost Price Target	$66.00	$65.00 ➝ $81.00	Buy ➝ Buy
6/18/2026	ELAN Elanco Animal Health	Boost Price Target	$24.00	$31.00 ➝ $32.00	Buy ➝ Buy
6/17/2026	ROOT Root	Reiterated Rating	$52.00		Hold ➝ Hold
6/17/2026	RYTM Rhythm Pharmaceuticals	Reiterated Rating	$97.00		Buy ➝ Buy
6/17/2026	BOOT Boot Barn	Reiterated Rating	$175.00		Buy ➝ Buy
6/17/2026	VLY Valley National Bancorp	Reiterated Rating	$14.00		Buy ➝ Buy
6/17/2026	EXLS ExlService	Reiterated Rating	$26.00		Buy ➝ Buy
6/17/2026	CHPT ChargePoint	Reiterated Rating	$8.00	$7.00 ➝ $7.50	Hold ➝ Hold
6/17/2026	SAIL SailPoint	Reiterated Rating	$13.00		Buy ➝ Buy
6/17/2026	HUMA Humacyte	Lower Price Target	$1.00	$1.50 ➝ $1.25	Buy ➝ Buy
6/17/2026	AXSM Axsome Therapeutics	Boost Price Target	$251.00	$275.00 ➝ $300.00	Buy ➝ Buy
6/16/2026	KNSL Kinsale Capital Group	Reiterated Rating	$308.00		Hold ➝ Hold
6/16/2026	COHU Cohu	Boost Price Target	$70.00	$60.00 ➝ $80.00	Buy ➝ Buy
6/16/2026	STVN Stevanato Group	Initiated Coverage	$18.00	$25.00	Buy
6/16/2026	DOMO Domo	Downgrade	$2.00	$6.00 ➝ $3.25	Buy ➝ Hold
6/16/2026	YUM Yum! Brands	Reiterated Rating	$152.00	$180.00	Buy ➝ Buy
6/15/2026	BWIN Baldwin Insurance Group	Reiterated Rating	$20.00		Buy ➝ Buy
6/15/2026	KIDS OrthoPediatrics	Reiterated Rating	$19.00		Buy ➝ Buy
6/15/2026	BRZE Braze	Reiterated Rating	$20.00		Buy ➝ Buy
6/15/2026	XOM ExxonMobil	Reiterated Rating	$138.00		Buy ➝ Buy
6/15/2026	TWST Twist Bioscience	Boost Price Target	$88.00	$68.00 ➝ $89.00	Buy ➝ Buy
6/15/2026	KLRS Kalaris Therapeutics	Initiated Coverage	$5.00		Buy
6/15/2026	TWST Twist Bioscience	Boost Price Target	$88.00	$68.00 ➝ $89.00	Buy ➝ Buy
6/15/2026	IONS Ionis Pharmaceuticals	Reiterated Rating	$74.00	$108.00	Buy ➝ Buy
6/15/2026	MU Micron Technology	Boost Price Target	$1,134.00	$660.00 ➝ $1,500.00	Buy ➝ Buy
6/12/2026	APTV Aptiv	Reiterated Rating	$64.00		Buy ➝ Buy
6/12/2026	CRM Salesforce	Reiterated Rating	$152.00		Buy ➝ Buy
6/12/2026	MCD McDonald's	Reiterated Rating	$279.00		Hold ➝ Hold
6/12/2026	PEP PepsiCo	Lower Price Target	$142.00	$165.00 ➝ $150.00	Hold ➝ Hold
6/11/2026	NAVN Navan	Boost Price Target	$22.00	$28.00 ➝ $29.00	Buy ➝ Buy
6/11/2026	JILL J.Jill	Reiterated Rating	$15.00	$13.00 ➝ $14.00	Hold ➝ Hold
6/11/2026	GPN Global Payments	Reiterated Rating	$67.00	$86.00 ➝ $74.00	Hold ➝ Hold
6/11/2026	DDOG Datadog	Boost Price Target	$223.00	$235.00 ➝ $260.00	Buy ➝ Buy
6/11/2026	NGEN NervGen Pharma	Initiated Coverage	$2.00		Buy
6/11/2026	CHWY Chewy	Lower Price Target	$18.00	$42.00 ➝ $34.00	Buy ➝ Buy
6/10/2026	DNTH Dianthus Therapeutics	Reiterated Rating	$82.00		Buy ➝ Buy
6/10/2026	NET Cloudflare	Reiterated Rating	$224.00		Buy ➝ Buy
6/10/2026	DXCM DexCom	Reiterated Rating	$73.00	$75.00 ➝ $95.00	Buy ➝ Buy
6/10/2026	SJM J. M. Smucker	Boost Price Target	$111.00	$103.00 ➝ $115.00	Hold ➝ Hold
6/10/2026	INDI indie Semiconductor	Initiated Coverage	$4.00	$4.00	Hold
6/10/2026	BROS Dutch Bros	Reiterated Rating	$71.00	$73.00	Buy ➝ Buy
6/10/2026	TAC TransAlta	Initiated Coverage	$14.00		Buy
6/10/2026	MOG.A Moog	Boost Price Target	$410.00	$350.00 ➝ $450.00	Buy ➝ Buy
6/9/2026	NUVL Nuvalent	Downgrade	$123.00	$124.00	Buy ➝ Hold
6/9/2026	PLTK Playtika	Reiterated Rating	$3.00		Buy ➝ Buy
6/9/2026	INCY Incyte	Reiterated Rating	$98.00		Hold ➝ Hold
6/9/2026	ULTA Ulta Beauty	Lower Price Target	$457.00	$700.00 ➝ $600.00	Buy ➝ Buy
6/9/2026	ARCB ArcBest	Boost Price Target	$144.00	$137.00 ➝ $175.00	Hold ➝ Hold
6/9/2026	FCEL FuelCell Energy	Reiterated Rating	$24.00	$9.00 ➝ $16.00	Hold ➝ Hold
6/9/2026	EVLV Evolv Technologies	Reiterated Rating	$6.00	$10.00	Buy ➝ Buy
6/9/2026	BBUC Brookfield Business	Initiated Coverage	$33.00	$34.00	Hold
6/9/2026	AAPL Apple	Boost Price Target	$299.00	$335.00 ➝ $350.00	Buy ➝ Buy
6/9/2026	GOOG Alphabet	Boost Price Target	$368.00	$450.00 ➝ $475.00	Buy ➝ Buy
6/8/2026	LMND Lemonade	Reiterated Rating	$59.00		Hold ➝ Hold
6/8/2026	ESTA Establishment Labs	Reiterated Rating	$85.00		Buy ➝ Buy
6/8/2026	DKNG DraftKings	Reiterated Rating	$26.00	$30.00	Buy ➝ Buy
6/8/2026	PAYX Paychex	Boost Price Target	$98.00	$94.00 ➝ $98.00	Hold ➝ Hold
6/8/2026	MRX Marex Group plc Ordinary Shares	Boost Price Target	$65.00	$67.00 ➝ $75.00	Buy ➝ Buy
6/8/2026	ADBE Adobe	Lower Price Target	$196.00	$310.00 ➝ $285.00	Hold ➝ Hold
6/8/2026	KSS Kohl's	Boost Price Target	$17.00	$13.50 ➝ $16.00	Hold ➝ Hold
6/8/2026	IVZ Invesco	Boost Price Target	$28.00	$32.00 ➝ $33.00	Buy ➝ Buy
6/8/2026	ORCL Oracle	Boost Price Target	$185.00	$250.00 ➝ $300.00	Buy ➝ Buy
6/8/2026	CBRS Cerebras Systems	Initiated Coverage	$235.00	$275.00	Buy
6/8/2026	FTNT Fortinet	Reiterated Rating	$145.00	$125.00 ➝ $160.00	Buy ➝ Buy
6/8/2026	DOMO Domo	Lower Price Target	$2.00	$9.00 ➝ $6.00	Buy ➝ Buy
6/8/2026	DMRA Damora Therapeutics, Inc. Common Stock	Initiated Coverage	$21.00		Buy
6/8/2026	SOLS Solstice Advanced Mat	Initiated Coverage	$86.00	$90.00	Hold
6/8/2026	ACN Accenture	Lower Price Target	$127.00	$282.00 ➝ $258.00	Buy ➝ Buy
6/8/2026	CBRS Cerebras Systems	Initiated Coverage	$235.00	$275.00	Buy
6/5/2026	CWST Casella Waste Systems	Reiterated Rating	$87.00		Buy ➝ Buy
6/5/2026	ALK Alaska Air Group	Reiterated Rating	$49.00		Buy ➝ Buy
6/5/2026	EQNR Equinor ASA	Boost Price Target	$32.00	$40.00 ➝ $42.00	Hold ➝ Hold
6/5/2026	TTAN ServiceTitan	Boost Price Target	$64.00	$110.00 ➝ $125.00	Buy ➝ Buy
6/4/2026	BEN Franklin Resources	Reiterated Rating	$33.00		Buy ➝ Buy
6/4/2026	TSLA Tesla	Reiterated Rating	$401.00	$490.00	Buy ➝ Buy
6/4/2026	VVV Valvoline	Reiterated Rating	$38.00		Buy ➝ Buy
6/4/2026	VSXY Victoria's Secret & Co.	Boost Price Target	$82.00	$50.00 ➝ $75.00	Hold ➝ Hold
6/4/2026	VEEV Veeva Systems	Reiterated Rating	$153.00		Buy ➝ Buy
6/4/2026	NTSK Netskope	Lower Price Target	$9.00	$25.00 ➝ $19.00	Buy ➝ Buy
6/4/2026	MRLN Merlin, Inc. Common Stock	Upgrade	$7.00		Strong-Buy
6/4/2026	CAVA CAVA Group	Reiterated Rating	$89.00	$100.00	Buy ➝ Buy
6/4/2026	MDT Medtronic	Reiterated Rating	$79.00	$119.00	Buy ➝ Buy
6/4/2026	WING Wingstop	Reiterated Rating	$162.00	$160.00	Hold ➝ Hold
6/4/2026	BOOT Boot Barn	Reiterated Rating	$175.00	$225.00	Buy ➝ Buy
6/4/2026	AVGO Broadcom	Reiterated Rating	$412.00	$500.00	Buy ➝ Buy
6/4/2026	MSFT Microsoft	Reiterated Rating	$380.00	$540.00	Buy ➝ Buy
6/4/2026	CRWD CrowdStrike	Boost Price Target	$686.00	$625.00 ➝ $700.00	Buy ➝ Buy
6/4/2026	AZO AutoZone	Reiterated Rating	$3,064.00	$3,700.00	Buy ➝ Buy
6/3/2026	ODFL Old Dominion Freight Line	Reiterated Rating	$221.00		Hold ➝ Hold
6/3/2026	CLMT Calumet	Reiterated Rating	$33.00		Hold ➝ Hold
6/3/2026	PANW Palo Alto Networks	Reiterated Rating	$288.00	$255.00 ➝ $330.00	Buy ➝ Buy
6/3/2026	MRLN Merlin, Inc. Common Stock	Initiated Coverage	$7.00	$11.00	Buy
6/3/2026	FWRG First Watch Restaurant Group	Reiterated Rating	$12.00	$17.00	Buy ➝ Buy
6/3/2026	RIVN Rivian Automotive	Reiterated Rating	$17.00	$20.00	Buy ➝ Buy
6/3/2026	GTLB GitLab	Reiterated Rating	$27.00	$29.00	Hold ➝ Hold
6/3/2026	KRUS Kura Sushi USA	Reiterated Rating	$50.00	$58.00	Hold ➝ Hold
6/3/2026	SHAK Shake Shack	Reiterated Rating	$59.00	$70.00	Hold ➝ Hold
6/3/2026	FSV FirstService	Reiterated Rating	$138.00	$204.00	Buy ➝ Buy