Analysts lifted price targets on two major storage names simultaneously. Western Digital saw its consensus target rise to $554 from $547. Seagate Technology got a larger bump — consensus target moved to $898 from $886. Both moves suggest growing confidence in the AI-driven storage demand cycle.
Seagate's market cap now tops $210 billion. Western Digital's sits at $194 billion. Neither stock carries heavy short interest. WDC short interest is 7.8% of free float. STX is even lighter at just 4.0%.
Oracle moved the other way. Analysts trimmed the consensus target to $253 from $255. Oracle's $530 billion market cap and recent AI infrastructure spending make the cut modest but notable. The stock remains a consensus buy with 35 analysts covering it.
In agriculture, Archer-Daniels-Midland picked up a target increase to $74.60. That reverses some pressure on the stock after a difficult two years. ADM's short interest sits at 2.9% of free float — near low levels.
Fertilizer names CF Industries and both had targets trimmed slightly, reflecting softer commodity price expectations heading into the second half of 2026.
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data. Content is informational only and does not constitute investment advice.
