Analysts are turning more bullish on memory chips. The consensus target on MU rose to $926.85 from $911.85 this week. Micron carries a $1.15 trillion market cap. Short interest sits at just 3.3% of free float — bears are not pressing the trade.
ADBE faced the opposite treatment. The consensus target slipped to $282.27 from $288.48. The cut follows a pattern of cautious sentiment in legacy software. Adobe's short interest of 4.9% of free float is modest but has room to grow if earnings disappoint.
CRM also saw its target trimmed, falling to $251.53 from $253.95. Both software names face pressure from AI-native rivals eating into their addressable markets.
On the bright side, BIIB got a target bump to $220.25 from $220.13. The Biogen move is small but signals growing confidence in its drug pipeline. Short interest remains low at 3.3% of free float.
VRSN saw its consensus target lifted to $312 from $306.25. The domain registry giant rarely draws analyst excitement — the upgrade stands out.
Utility names DUK and SO both had targets trimmed slightly, reflecting rate sensitivity concerns as bond yields stay elevated.
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.
