Wall Street lifted targets across tech and industrials on July 23. The moves follow a busy earnings week.
Texas Instruments drew the biggest absolute target jump. The average analyst target rose to $314.90, up from $307.58. That is a $7.32 increase. The chipmaker carries a $265 billion market cap and short interest sits at just 1.8% of free float — shorts are not betting against it.
ServiceNow also got a target bump. The average price target climbed to $139.91 from $138.84. Analysts stayed firmly bullish with 44 buy ratings. Short interest stands at 5.6% of free float. Availability is over 2,100% — shorts can easily borrow shares but few are bothering.
Align Technology saw a recommendation removed from consensus. The orthodontics firm now has 11 buy ratings. Its average target slipped slightly to $208.15. Short sellers hold 7% of free float — above the tech average.
On the downgrade side, CoStar Group and Crown Castle both saw target cuts. CoStar's average target fell to $43.95 from $44.45. Crown Castle dropped to $97.32 from $98.27. Both moves are modest but signal softening analyst enthusiasm.
CME Group and CSX rounded out the upgrades, with average targets edging higher after solid quarterly results.
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.
