CICC Research Stock Recommendations and Price Targets

This is a list of recent ratings by CICC Research.

Date	Company Name	Action	Current Price	Price Target	Rating	Impact on Share Price
5/12/2025	VALE Vale	Initiated Coverage	$10.00	$11.30	Outperform	Low
5/12/2025	MNST Monster Beverage	Upgrade	$60.00	$56.00 ➝ $65.00	Market Perform ➝ Outperform	Medium
5/12/2025	NET Cloudflare	Upgrade	$150.00	$154.00	Market Perform ➝ Outperform	Low
2/19/2025	GEV GE Vernova	Initiated Coverage	$433.00		Outperform	Low
2/7/2025	PEP PepsiCo	Reiterated Rating	$130.00		Outperform ➝ Market Perform	Low
1/27/2025	ISRG Intuitive Surgical	Initiated Coverage	$564.00	$550.00	Neutral	Low
1/14/2025	RBLX Roblox	Initiated Coverage	$77.00		Outperform	Low
1/2/2025	EH EHang	Initiated Coverage	$19.00		Outperform	N/A
12/27/2024	EL Estée Lauder Companies	Initiated Coverage	$65.00	$82.00	Market Perform	N/A
11/18/2024	CRWD CrowdStrike	Initiated Coverage	$440.00	$295.00	Market Perform	N/A
10/25/2024	ZK ZEEKR Intelligent Technology	Initiated Coverage	$29.00	$31.74	Outperform	High
9/30/2024	ZKH ZKH Group	Initiated Coverage	$3.00	$4.00	Outperform	High
5/2/2024	NFLX Netflix	Initiated Coverage	$1,138.00	$650.00	Outperform	Low
4/24/2024	SCCO Southern Copper	Initiated Coverage	$93.00		Outperform	Low
3/6/2024	NVDA NVIDIA	Initiated Coverage	$130.00	$87.00	Outperform	N/A
8/28/2023	U Unity Software	Initiated Coverage	$22.00		Outperform	Low
8/28/2023	META Meta Platforms	Initiated Coverage	$656.00		Outperform	Low
8/18/2023	SE SEA	Downgrade	$154.00		Outperform ➝ Market Perform	Low
7/9/2023	AMZN Amazon.com	Initiated Coverage	$211.00		Outperform	Low
6/14/2023	HSBC HSBC	Upgrade	$58.00		Market Perform ➝ Outperform	Low
6/14/2023	HSBA HSBC	Upgrade	GBX 876	GBX 763.55	Outperform	N/A
3/23/2023	ALGN Align Technology	Initiated Coverage	$190.00		Market Perform	Low
3/17/2023	FDS FactSet Research Systems	Initiated Coverage	$452.00		Outperform	Low
2/21/2023	ALB Albemarle	Initiated Coverage	$62.00		Market Perform	Low
1/12/2023	BX Blackstone	Initiated Coverage	$149.00		Outperform	Low
12/30/2022	GNNSF Genscript Biotech	Initiated Coverage	$1.00		Outperform	Low
11/24/2022	LVS Las Vegas Sands	Initiated Coverage	$42.00		Outperform	Low
10/31/2022	TAL TAL Education Group	Upgrade	$10.00		Market Perform ➝ Outperform	Low
9/19/2022	INTU Intuit	Initiated Coverage	$657.00		Market Perform	Low
8/22/2022	DAO Youdao	Upgrade	$9.00		Market Perform ➝ Outperform	Low
7/14/2022	EDU New Oriental Education & Technology Group	Upgrade	$49.00		Market Perform ➝ Outperform	Low