Analysts upgraded two tech names and trimmed targets across the energy sector on Monday, painting a divergent picture heading into Q3.
GLW was the standout. Corning received an upgrade, with the average analyst target price rising to $206.07. The specialty glass maker carries a $190bn market cap and just 3% short interest. That low short interest leaves little fuel for a squeeze but signals limited bearish conviction.
WDAY also picked up an upgrade. Workday's average target nudged to $170.59. Notably, 14% of its free float is sold short — the highest of any name upgraded today. A sustained analyst tailwind could pressure those shorts.
Energy names were the day's losers in the ratings round. FANG, OXY, and APA all saw consensus target prices trimmed. Diamondback's average target fell to $233.29 from $233.89. The moves were modest but broad — suggesting analysts are quietly lowering the bar for the sector.
COIN also saw its target cut, with Coinbase's average falling to $228.57. The crypto exchange now has 9 holds and 21 buys in the consensus — still bullish overall, but the trim flags some caution.
On the constructive side, EQIX saw its target lifted to $1,197.82, keeping data center optimism alive.
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.
