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TD Cowen Stock Recommendations and Price Targets

This is a list of recent ratings by TD Cowen.

DateCompany NameActionCurrent
Price		Price
Target		Rating
9/17/2026
BSX
Boston Scientific
 Reiterated Rating$43.00Buy ➝ Buy
9/17/2026
CIEN
Ciena
 Reiterated Rating$358.00Buy ➝ Buy
9/17/2026
CRCL
Circle Internet Group
 Boost Price Target$84.00$87.00 ➝ $92.00Buy ➝ Buy
9/17/2026
CRM
Salesforce
 Reiterated Rating$242.00Buy ➝ Buy
9/17/2026
STZ
Constellation Brands
 Lower Price Target$123.00$174.00 ➝ $150.00Buy ➝ Buy
9/16/2026
ALHC
Alignment Healthcare
 Reiterated Rating$9.00Buy ➝ Buy
9/16/2026
MU
Micron Technology
 Reiterated Rating$974.00Buy ➝ Buy
9/16/2026
FTNT
Fortinet
 Reiterated Rating$174.00Buy ➝ Buy
9/16/2026
CLS
Celestica
 Reiterated Rating$331.00Buy ➝ Buy
9/16/2026
RCUS
Arcus Biosciences
 Initiated Coverage$26.00Buy
9/16/2026
FPS
Forgent Power Solutions
 Boost Price Target$37.00$73.00 ➝ $76.00Buy ➝ Buy
9/15/2026
VERA
Vera Therapeutics
 Reiterated Rating$34.00Buy ➝ Buy
9/15/2026
ENVA
Enova International
 Lower Price Target$179.00$257.00 ➝ $220.00Buy ➝ Buy
9/14/2026
M
Macy's
 Reiterated Rating$22.00Hold ➝ Hold
9/14/2026
SRRK
Scholar Rock
 Reiterated Rating$49.00Buy ➝ Buy
9/14/2026
KRSA
Cyclerion Therapeutics
 Initiated Coverage$33.00Buy
9/14/2026
TCOM
Trip.com Group
 Upgrade$40.00Strong-Buy
9/14/2026
MKC
McCormick & Company, Incorporated
 Downgrade$50.00$60.00 ➝ $55.00Buy ➝ Hold
9/14/2026
DK
Delek US
 Boost Price Target$81.00$76.00 ➝ $90.00Buy ➝ Buy
9/14/2026
ABNB
Airbnb
 Upgrade$166.00Strong-Buy
9/14/2026
BKNG
Booking
 Upgrade$171.00Strong-Buy
9/14/2026
EXPE
Expedia Group
 Upgrade$283.00Hold
9/14/2026
AON
AON
 Boost Price Target$298.00$416.00 ➝ $420.00Buy ➝ Buy
9/11/2026
PAYX
Paychex
 Boost Price Target$116.00$98.00 ➝ $117.00Hold ➝ Hold
9/11/2026
OKE
ONEOK
 Boost Price Target$93.00$90.00 ➝ $93.00Hold ➝ Hold
9/11/2026
SG
Sweetgreen
 Boost Price Target$7.00$5.00 ➝ $6.00Hold ➝ Hold
9/11/2026
BFLY
Butterfly Network
 Reiterated Rating$8.00 $10.00Buy ➝ Buy
9/11/2026
IPCFF
International Petroleum
 Initiated Coverage$25.00Hold
9/11/2026
APAM
Artisan Partners Asset Management
 Reiterated Rating$37.00 $37.00Hold ➝ Hold
9/11/2026
GFL
GFL Environmental
 Reiterated Rating$43.00 $65.00Buy ➝ Buy
9/11/2026
BROS
Dutch Bros
 Lower Price Target$41.00$73.00 ➝ $59.00Buy ➝ Buy
9/11/2026
PFGC
Performance Food Group
 Lower Price Target$91.00$120.00 ➝ $115.00Buy ➝ Buy
9/11/2026
CHEF
Chefs' Warehouse
 Boost Price Target$111.00$123.00 ➝ $131.00Buy ➝ Buy
9/11/2026
WING
Wingstop
 Lower Price Target$103.00$160.00 ➝ $120.00Hold ➝ Hold
9/11/2026
RH
RH
 Lower Price Target$130.00$220.00 ➝ $190.00Buy ➝ Buy
9/11/2026
MCD
McDonald's
 Lower Price Target$249.00$300.00 ➝ $282.00Hold ➝ Hold
9/10/2026
JILL
J.Jill
 Reiterated Rating$24.00Buy ➝ Buy
9/10/2026
DPZ
Domino's Pizza
 Boost Price Target$299.00$310.00 ➝ $320.00Hold ➝ Hold
9/10/2026
WTKWY
Wolters Kluwer
 Initiated Coverage$80.00Buy
9/10/2026
RELX
Relx
 Initiated Coverage$34.00Buy
9/10/2026
ASND
Ascendis Pharma A/S
 Reiterated Rating$239.00Buy ➝ Buy
9/10/2026
CHWY
Chewy
 Lower Price Target$21.00$34.00 ➝ $32.00Buy ➝ Buy
9/10/2026
NAVN
Navan
 Lower Price Target$22.00$34.00 ➝ $31.00Buy ➝ Buy
9/10/2026
JILL
J.Jill
 Boost Price Target$24.00$18.00 ➝ $22.00Hold ➝ Hold
9/10/2026
AAPL
Apple
 Reiterated Rating$336.00 $400.00Buy ➝ Buy
9/9/2026
AEP
American Electric Power
 Reiterated Rating$122.00Buy ➝ Buy
9/9/2026
SAIL
SailPoint
 Reiterated Rating$20.00Buy ➝ Buy
9/9/2026
ADBE
Adobe
 Reiterated Rating$249.00 $245.00Hold ➝ Hold
9/9/2026
ORCL
Oracle
 Reiterated Rating$150.00 $240.00Buy ➝ Buy
9/9/2026
ROIV
Roivant Sciences
 Boost Price Target$40.00$50.00 ➝ $55.00Buy ➝ Buy
9/9/2026
JMKE
Jersey Mike's
 Reiterated Rating$20.00 $26.00Buy ➝ Buy
9/9/2026
FTH
Sensei Biotherapeutics
 Initiated Coverage$35.00Buy
9/9/2026
TTAN
ServiceTitan
 Lower Price Target$55.00$125.00 ➝ $100.00Buy ➝ Buy
9/9/2026
APH
Amphenol
 Lower Price Target$78.00$175.00 ➝ $90.00Hold ➝ Hold
9/8/2026
IONS
Ionis Pharmaceuticals
 Reiterated Rating$47.00Buy ➝ Buy
9/8/2026
ALV
Autoliv
 Downgrade$117.00$148.00 ➝ $137.00Buy ➝ Hold
9/8/2026
LDOS
Leidos
 Reiterated Rating$131.00 $135.00Hold ➝ Hold
9/8/2026
DCH
American Axle & Manufacturing
 Upgrade$6.00$8.00 ➝ $10.00Hold ➝ Buy
9/8/2026
NCLH
Norwegian Cruise Line
 Upgrade$14.00Strong-Buy
9/8/2026
CCL
Carnival
 Upgrade$22.00Strong-Buy
9/8/2026
RPRX
Royalty Pharma
 Boost Price Target$59.00$65.00 ➝ $68.00Buy ➝ Buy
9/8/2026
TMDX
TransMedics Group
 Reiterated Rating$86.00 $120.00Buy ➝ Buy
9/8/2026
ABT
Abbott Laboratories
 Reiterated Rating$101.00 $135.00Buy ➝ Buy
9/8/2026
RCL
Royal Caribbean Cruises
 Upgrade$252.00Strong-Buy
9/8/2026
HLT
Hilton Worldwide
 Upgrade$306.00Strong-Buy
9/8/2026
MAR
Marriott International
 Upgrade$335.00Strong-Buy
9/8/2026
ADI
Analog Devices
 Reiterated Rating$363.00 $460.00Buy ➝ Buy
9/4/2026
PATH
UiPath
 Boost Price Target$14.00$13.00 ➝ $16.00Hold ➝ Hold
9/4/2026
ZGN
Ermenegildo Zegna
 Lower Price Target$12.00$17.00 ➝ $15.00Buy ➝ Buy
9/4/2026
IOT
Samsara
 Boost Price Target$40.00$48.00 ➝ $53.00Buy ➝ Buy
9/4/2026
ZS
Zscaler
 Reiterated Rating$195.00 $200.00Buy ➝ Buy
9/4/2026
CIEN
Ciena
 Lower Price Target$358.00$575.00 ➝ $400.00Buy ➝ Buy
9/3/2026
CHPT
ChargePoint
 Reiterated Rating$9.00Hold ➝ Hold
9/3/2026
AVGO
Broadcom
 Reiterated Rating$348.00$500.00 ➝ $475.00Buy ➝ Buy
9/3/2026
RARE
Ultragenyx Pharmaceutical
 Lower Price Target$13.00$49.00 ➝ $18.00Buy ➝ Buy
9/3/2026
PGY
Pagaya Technologies
 Initiated Coverage$21.00 $26.00Buy
9/3/2026
BF.B
Brown-Forman
 Reiterated Rating$26.00 $29.00Hold ➝ Hold
9/3/2026
FISV
Fiserv
 Reiterated Rating$49.00 $55.00Hold ➝ Hold
9/3/2026
FROG
JFrog
 Reiterated Rating$95.00 $120.00Buy ➝ Buy
9/3/2026
NTAP
NetApp
 Reiterated Rating$198.00 $200.00Buy ➝ Buy
9/3/2026
CRWD
CrowdStrike
 Reiterated Rating$247.00 $250.00Buy ➝ Buy
9/3/2026
CME
CME Group
 Reiterated Rating$273.00 $292.00Buy ➝ Buy
9/3/2026
SNOW
Snowflake
 Boost Price Target$339.00$370.00 ➝ $450.00Buy ➝ Buy
9/2/2026
SIRI
Sirius XM
 Downgrade$28.00Hold
9/2/2026
PANW
Palo Alto Networks
 Reiterated Rating$375.00Buy ➝ Buy
9/2/2026
EYPT
Eyepoint Pharmaceuticals
 Downgrade$4.00$20.00 ➝ $4.00Buy ➝ Hold
9/2/2026
DELL
Dell Technologies
 Boost Price Target$588.00$450.00 ➝ $500.00Hold ➝ Hold
9/1/2026
AON
AON
 Reiterated Rating$298.00Buy ➝ Buy
9/1/2026
LPLA
LPL Financial
 Boost Price Target$332.00$372.00 ➝ $377.00Hold ➝ Hold
9/1/2026
HUBS
HubSpot
 Boost Price Target$226.00$220.00 ➝ $285.00Hold ➝ Hold
9/1/2026
HSY
Hershey
 Reiterated Rating$169.00Buy ➝ Buy
9/1/2026
RH
RH
 Reiterated Rating$130.00Buy ➝ Buy
9/1/2026
ORCL
Oracle
 Lower Price Target$150.00$300.00 ➝ $240.00Buy ➝ Buy
9/1/2026
RJF
Raymond James Financial
 Lower Price Target$164.00$161.00 ➝ $160.00Hold ➝ Hold
8/31/2026
ALNY
Alnylam Pharmaceuticals
 Reiterated Rating$240.00Buy ➝ Buy
8/31/2026
SAIC
Science Applications International
 Reiterated Rating$134.00Hold ➝ Hold
8/31/2026
BRVE
Braveheart Bio
 Initiated Coverage$28.00Buy
8/31/2026
TROW
T. Rowe Price Group
 Boost Price Target$103.00$108.00 ➝ $110.00Hold ➝ Hold
8/31/2026
AZO
AutoZone
 Lower Price Target$2,871.00$3,700.00 ➝ $3,500.00Buy ➝ Buy
8/28/2026
AFRM
Affirm
 Boost Price Target$71.00$117.00 ➝ $124.00Buy ➝ Buy