Analysts made two notable downgrades and one bullish chip call on Tuesday.
Cognizant Technology Solutions was the sharpest loser. Analysts cut the IT services firm outright, moving consensus from Hold territory toward Sell. The average target price slipped to $71.44 from $72.29. Short interest sits at nearly 14% of free float — already elevated for a $24 billion company.
RTX Corporation also took a downgrade. The defence and aerospace giant saw its consensus shift one notch lower. Target prices held steady at $215.73. The move is a mild surprise. RTX had been a favourite on defence spending tailwinds.
On the brighter side, Advanced Micro Devices picked up another target price lift. The consensus target rose to $487.90. AMD now carries 42 Buy ratings against just nine Holds. That bullish wall reflects optimism around AI chip demand.
Intel also got a target bump, to $93.97. The stock remains more mixed — 31 Holds versus 13 Buys — but the direction of travel is improving.
Datadog rounded out the tech upgrades. The monitoring software firm saw its average target nudge up to $239.16, with 44 Buy recommendations in place.
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.
