Two major software names took analyst hits today. Intuit and Salesforce were both downgraded, while Meta Platforms attracted a target price lift.
Analysts cut Intuit from a higher rating, trimming the consensus target to $462.53. The $80 billion tax and accounting software firm carries a short interest of just 5.3% of free float. That suggests bears aren't piling in — but the downgrade adds pressure.
Salesforce took the same treatment. Its consensus target slipped to $241.72, down from $243.64. The $140 billion CRM giant also sits at 5.4% short interest. Two downgrades in the same software space on the same day signals broader caution on enterprise tech valuations.
IBM had its target price cut as well. The consensus average dropped to $264.35 from $271.25 — a $7 reduction that stands out given IBM's recent AI momentum.
On the bright side, Meta earned a target price upgrade. The consensus target rose to . The $1.4 trillion social media giant carries only 1.6% short interest — bulls dominate.
Palo Alto Networks also saw its target nudge higher to $332.68, reflecting continued confidence in cybersecurity spending.
The pattern is clear. Enterprise software faces valuation headwinds. AI infrastructure and social media remain Wall Street favourites.
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.
