Latest US Stock Ratings | CITIC Securities Assigns Oracle "Buy" Rating with Target Price of $200

Originally from: Cailianpress

Cailianpress March 16th (Editor: Qi Ling) Below are the latest ratings and target prices for U.S. stocks from various brokerages:

China Merchants Securities (Hong Kong) maintains Buy rating on Adobe (ADBE.O), target price $350.0:

Q1 FY26 revenue and profit meet expectations, AI products perform strongly, Firefly and Acrobat AI Assistant ARR increase significantly year-over-year, but traditional Stock business drags overall ARR growth. Management reaffirms full-year guidance, AI integration is expected to drive long-term growth. Based on 15x FY26E non-GAAP P/E, target price lowered to $350, with current valuation offering a margin of safety.

Haitong International maintains Neutral rating on BioNTech SE ADR (BNTX.O):

Founders’ departure in 2026 does not affect ongoing tumor pipeline, over 25 clinical trials and BMS collaboration remain unchanged. BNT327 (PD-L1/VEGF bispecific antibody) may become a FIC or Fast Follower in multiple indications, combined ADC strategy expands efficacy boundaries. BNT323 (HER2 ADC) could become the first marketed tumor product, laying the foundation for commercialization. The company has ample cash, controllable costs, and accelerated global Phase III deployment.

CITIC Securities maintains Buy rating on Snowflake Inc (SNOW.N), target price $224:

Strong order signing momentum, AI products accelerate customer expansion and acquisition, high retention rate, RPO growth improves, coupled with AI-native platform generation opportunities, building a foundation for long-term growth. The target price reflects its leading position in enterprise data platform upgrades.

Huatai Securities maintains Buy rating on Adobe (ADBE.O), target price $319.51:

Q1 FY26 revenue and profit exceeded expectations, AI-first strategy shows significant results, MAU surpasses 850 million, Generative Credit consumer growth up 45% quarter-over-quarter, AI application ARR more than tripled YoY. Subscription revenue up 13% YoY, enterprise AI products accelerate deployment. Maintains FY26 ARR growth guidance of 10.2%, based on 5.0x FY26E PS valuation, target price $319.51.

CITIC Securities maintains Buy rating on Bilibili (BILI.O):

Q4 2025 results beat expectations, ad revenue up 27% YoY to 3 billion yuan, benefiting from traffic growth, ad inventory expansion, and AI-driven eCPM increase; game revenue down 14% YoY, but titles like “Three Kingdoms” expanding overseas and new launches may improve performance. Value-added services grow steadily, creator ecosystem remains vibrant, ad load rate and monetization potential still promising.

CITIC Construction Investment maintains Buy rating on Didi (DIDIY.F), target price $6.53 per ADS:

Domestic mobility business in Q4 2025 grows steadily, AOV turns positive, EBITA margin reaches 3.0%, expected to rise to 4.2% in 2026. International business faces short-term pressure but remains profitable; food delivery losses are controllable; new investments in autonomous driving increase. Based on 25x PE in 2027, target price set at $6.53 per ADS.

China Merchants Securities maintains Strong Buy rating on Didi (DIDIY.F):

Q4 2025 China mobility GTV up 11.2% YoY, EBITA margin 3.0%, full-year 3.7%, expected to rise to 4.2% in 2026; international business high growth but food delivery losses widen; autonomous driving accelerates investments. Share repurchase demonstrates confidence, long-term profitability of shared mobility remains optimistic.

CITIC Securities maintains Buy rating on Sea Ltd ADR (SE.N):

Shopee GMV up 29% YoY to $36.7 billion, ad revenue up over 70%, monetization rate improves; Garena remains resilient, Monee loan scale expansion drives profit growth. Despite short-term margin pressure, management guides 25% GMV growth in 2026 with EBITDA absolute amount stable, highlighting long-term competitiveness under growth-first strategy.

CITIC Securities maintains Buy rating on Futu Holdings (FUTU.O), target price $197 per ADS:

Benefiting from increased attractiveness of Hong Kong and US stocks and globalization, company’s net profit grows rapidly. Strong overseas customer acquisition in 2026, wealth and investment banking businesses optimize revenue structure, AI and virtual assets investments enhance competitiveness. Considering Fed rate cut cycle impacts, assign 17x PE for 2026, corresponding to a target price of $197 per ADS.

Dongwu Securities maintains Buy rating on Futu Holdings (FUTU.O):

2025 revenue and net profit attributable to parent up 68% and 108% YoY, driven by rebound in Hong Kong stocks, active US stocks, and overseas expansion boosting trading volume and interest income. Customer base and assets grow rapidly, with over 55% of assets outside Greater China. Deepening AI and crypto business, earnings forecast raised to 2026-2028 net profit attributable to parent of HKD 16.8B/25.1B/34.2B, PE only 10/7/5 times, growth potential significant.

Huatai Securities maintains Buy rating on Futu Holdings (FUTU.O), target price $257:

2025 results beat expectations, revenue and net profit up 68.1% and 108.3% YoY, with high growth in funded clients and trading volume. Overseas expansion effective, US, Japan, Malaysia markets perform well, active US stock trading offsets weak Hong Kong market. Upward revision of profit forecasts for 2026-2028, DCF valuation yields a target price of $257.

First Shanghai maintains Buy rating on Gaotu (GOTU.N), target price $4.0:

Q4 FY25 revenue up 21.4% YoY to RMB 1.685 billion, non-GAAP net loss narrowed to RMB 77 million, cash receipts up 19.1% YoY. Education core remains stable, non-academic training revenue up 45% YoY, profit margin continues to expand; deep integration of AI and education improves operational efficiency, five consecutive quarters of operating leverage. Based on 12% discount rate and -1% perpetual growth rate, implied upside potential of 87.7%.

CITIC Securities maintains Buy rating on Joyy (JOYY.O), target price $92:

Q4 2025 results beat expectations, live streaming, Bigo Ads, and e-commerce SaaS grow synergistically, AI optimizes paid experience and ad algorithms creating a flywheel effect. High net cash reserves support shareholder returns, global multi-engine transformation accelerates, revenue and profit expected to grow in 2026.

CITIC Construction Investment maintains Buy rating on Joyy (JOYY.O):

Q4 2025 revenue turns positive YoY, ad business up 61.5%, 2026 profit guidance indicates double-digit growth. Net cash reaches $326 million, strong shareholder returns, Bigo Ads expected to reach $1 billion revenue by 2028, AI and SaaS build competitive barriers, transition to AdTech platform logic materializes.

CITIC Securities assigns Buy rating to Oracle (ORCL.N), target price $200:

Q3 revenue and IaaS revenue beat expectations, unfulfilled orders and capital expenditure surge, reflecting cloud strategy acceleration. Despite short-term pressure from high capex and low gross margin, capacity release is expected to boost revenue rapidly, current valuation fully reflects negatives.

CITIC Securities maintains Hold rating on JD.com (JD.O):

Q4 2025 results pressured, revenue up only 1.5%, mainly due to decline in electronics sales after old-for-new subsidies. Daily and platform business grow double digits, food delivery and logistics revenue up 23.6%. New business losses remain high but expected to improve in H2 2026 with subsidy policy optimization and offline expansion.

CITIC Securities maintains Buy rating on Li Auto (LI.O), target price $26 per ADR:

New models L9 and i9 to be launched sequentially in 2026, sales target up over 20% YoY; self-developed chips improve intelligence and reduce costs, R&D restructuring strengthens embodied intelligence layout. New models, tech iterations, and organizational optimization enhance product competitiveness, supporting the target price.

Everbright Securities maintains Add rating on Li Auto (LI.O):

2025 results pressured, non-GAAP net profit down 77.7% YoY, gross margin fell to 18.7%. Short-term impact from L9 inventory clearance and cost pressures may cause Q1 2026 gross margin to fall to single digits. However, new L9 to be released in Q2 2026, combined with embodied intelligence and overseas expansion, long-term growth momentum remains promising.

CICC maintains Outperform rating on Manbang (YMM.N), target price $13.60:

Q4 2025 results beat expectations, core transaction revenue up 28.4%, fulfilled orders up 12.3%. Company commits to shareholder returns of no less than 50% of adjusted net profit, plans to distribute dividends and buy back $400 million in 2026. Platform ecosystem optimization plus overseas and autonomous driving new business support long-term growth. Current valuation below one standard deviation of historical average, target P/E 20.0x/15.7x for 2026/27, with 49% upside.

Huatai Securities maintains Buy rating on Manbang (YMM.N), target price $16.3:

Q4 2025 revenue and profit beat expectations, high growth in transaction services improves monetization, gross margin up to 66.3%. Accelerating AI upgrade, commission penetration and direct customer share increase, plus online freight trend, long-term profitability recognized. Using 24x PE for 2026, target price $16.3.

China Merchants Securities maintains Strong Buy on Manbang (YMM.N):

Q4 2025 revenue up 28.4% YoY to RMB 3.193 billion, net profit non-GAAP up 1.1% YoY to RMB 1.063 billion, gross margin 66.3%. Transaction service revenue up 28.4%, orders and MAU double-digit growth. Forecasts for 2026-2028 net profit CAGR 18.1%, AI enhances platform efficiency, valuation at 20x PE for 2026, target price $13.76.

CITIC Securities maintains Buy rating on Apple (AAPL.O):

Foldable iPhone expected to reshape the market, ASP surpassing $2000 driving profit growth in FY27-28. Despite AI feature delays, iPhone ASP up 14% YoY to over $1000, gross margin improves against trend, hardware innovation and high-end pricing form core advantages.

CICC maintains Outperform rating on Here Technologies (HERE.O), target price $5.5:

Q2 FY26 revenue $177 million, +39.4% QoQ, exceeding expectations; non-GAAP net loss narrowed to -$9.1 million. IP matrix expansion continues, WAKUKU contributes 73% of revenue, Mini series first-week sales impressive. Offline channel expansion pressures gross margin but cost optimization narrows operating loss. Based on 22x FY27 non-GAAP P/E, target price lowered to $5.5, current price implies 41% upside.

Shenwan Hongyuan assigns Buy rating to Tesla (TSLA.O):

Automotive and energy storage businesses grow steadily, Robotaxi and humanoid robots build long-term growth curves. Estimated FY26-28 net profit attributable to parent of RMB 20.8B/45.8B/71.4B, FCFF valuation shows 24% upside potential, initial coverage with “Buy” rating.

TianTai Securities maintains Add rating on Tesla (TSLA.O):

Tesla and SpaceX, xAI accelerate integration, building a “infrastructure + AI hardware/software” four-layer ecosystem, strengthening moat in AI and physical interaction. Despite slowdown in Robotaxi and robot businesses, ecosystem synergy expected to drive over 40% CAGR in net profit 2026-2028, supporting long-term valuation.

CITIC Construction Investment maintains Buy rating on Wanwuxinsheng (RERE.N):

2025 achieves profit turnaround, non-GAAP net profit up 36.3% YoY, operational efficiency and profitability improve. 1P to C business share increases significantly, gross margin rises; multiple categories of recycling grow rapidly, expense ratio optimized. Deepening cooperation with JD.com and increasing shareholder returns, laying a solid foundation for medium- and long-term development. Estimated 2026-2027 net profit growth 47%/40%.

Huatai Securities maintains Buy rating on NIO (NIO.N), target price $7.36:

Q4 2025 first quarterly profit, ES8/L9 volume boosts gross margin to 14.6%, expenses significantly optimized. 2026 models ES9, L8 to launch densely, with self-developed chips reducing costs and expanding battery swap network, profit expected to sustain. Target price based on 1x PS for 2026.

Huaxing Securities maintains Hold rating on NIO (NIO.N), target price $6.40:

Q4 2025 vehicle gross margin up to 18.1%, operating expenses significantly optimized, first positive operating and GAAP net profit. Based on 40-50% sales growth in 2026 and new model cycles, earnings forecasts raised, maintaining 0.9x 2026 P/S valuation, target price slightly adjusted to $6.40. High growth targets remain challenging amid subsidy cuts and intensified competition.

CICC maintains Outperform rating on RLX Technology (RLX.N), target price $3.30:

Q4 2025 results in line with expectations, revenue and non-GAAP net profit up 40.3% and 26.8% YoY, gross margin stable at 31.4%. High growth in Korea and Indonesia, overseas M&A contributions, net cash of $2.25 billion support valuation. Current price implies 47% upside for 2026 at 16x P/E.

Huachuang Securities maintains Buy rating on EHang (EH.O):

2025 revenue RMB 510 million, two consecutive years of non-GAAP profit, Q4 deliveries hit 100 aircraft. EH216-S commercial launch imminent in China, overseas Thailand project may obtain first overseas operation license. Low-altitude economy policies continue to favor, manufacturing and operation driven, post-adjustment net profit PE at 22x, PS valuation declining annually, growth certainty increasing.

(Cailianpress Qi Ling)