Analysts made sharp calls this week. Netflix took the biggest hit — a downgrade pushed the consensus average target to $98.54. That's down from $111.03 before the change. The streaming giant's $313bn market cap makes this a notable shift on Wall Street.
GE moved the other way. Analysts upgraded the aerospace giant. The consensus target now sits at $397.86, up from $391.95. With a $361bn market cap, GE continues to attract bullish attention on strong earnings momentum.
Amazon also earned an upgrade. Consensus holds at $314.23, and the buy-side camp now counts 62 analysts. Only two analysts carry a Hold. The $2.7 trillion company has near-universal backing from the Street.
Banks dominated the target price upgrades. State Street saw the sharpest jump — average target rose to $196.39 from $185.04. Truist Financial and Citizens Financial also got upward revisions. The moves come after solid regional bank earnings.
IBM bucked the trend. Its average target slipped to $273.75 from $281.07. Analysts trimmed expectations following recent results.
UnitedHealth got a lift — the target climbed to $469.50 from $451.31 amid ongoing sector re-rating.
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.
