Semis and Software Lead Target Hikes

Analysts lifted price targets across tech, banking, and utilities on Sunday. Semiconductor tester TER saw the biggest tech move. The consensus target rose to $429.88, up from $426.35. Short interest sits at just 5.3% of free float — bears are thin on the ground.

DDOG also attracted upward target revisions. Datadog's consensus target edged to $256.70 from $254.97. The $86 billion cloud monitoring firm carries just 4.3% SI % FF, suggesting bulls have the field.

MRNA got a target bump to $48.42. Yet Moderna carries 14.4% SI % FF — the highest of the group. Bulls and bears remain divided on the vaccine maker's long-term pipeline.

On the downside, ALB took a target trim to $195.66 from $196.41. The lithium miner faces ongoing pricing pressure. Short interest at 9.7% of free float signals continued scepticism.

Banks had a clean sweep of upgrades. BAC and WFC both saw target price increases. Wells Fargo's consensus target crossed $100, reaching $100.07.

Utilities also drew attention. ED, SO, and ETR all got upward target revisions. PEG and EVRG bucked the trend with slight cuts.