Analysts moved a cluster of tech names higher on Wednesday. Target prices rose across networking, storage, and test equipment stocks.
F5, Inc. saw its average analyst target lift to $419.50 from $413. The network security firm carries a $23.8B market cap. Short interest sits at just 2.9% of free float — bears are not pressing this one.
Lumentum Holdings drew a consensus target upgrade to $1,104.89 from $1,103.49. The optical components maker has a $53.9B market cap. SI % FF runs at 12.3%, meaning some skeptics remain despite the bullish calls.
Western Digital got the biggest absolute target bump. The average rose to $633.83 from $631.13 as storage demand stays firm. Dell Technologies targets also edged up to $489.43 from $487.26.
On the downside, toy giant Hasbro saw its consensus target trimmed to $108.29 from $109.71. Analysts cut despite a relatively low SI % FF of 6%. Insurance group Progressive also saw targets edge down to $232.24 from $234.19.
CDW Corporation posted the sharpest relative target increase — rising to $152.56 from $147.56, a gain of roughly 3.4% in a single session.
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.
