Analysts lifted price targets across the storage and semiconductor sectors on July 6. The moves point to broad optimism in data infrastructure names.
Sandisk drew the highest target on the list. Analysts now peg its average price at $1,976, up from $1,931. The $258 billion company — spun out of Western Digital last year — carries just 7.1% short interest as a percentage of free float.
Western Digital also got a bump. The consensus target rose to $600 from $590. Its $186 billion market cap puts it firmly in large-cap territory.
Seagate rounded out the storage trio. Analysts nudged targets to $959 from $948. Short interest there sits at just 3.8% of free float, suggesting little bear conviction.
Chipmakers followed the same trend. AMD targets climbed to $512. QUALCOMM moved to $217. Lam Research edged to $352.
Not everything went up. Zoetis targets fell to $115 from $118. Nucor saw a modest downward revision to $260.
Delta Air Lines bucked the tech theme. Its consensus target rose to $93, reflecting renewed airline sector optimism.
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.
