Analysts Lift Micron, Trim Adobe and Salesforce

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.