Wall Street revised targets across several sectors on July 24, with semiconductor and defence names drawing the most attention.
Intel saw its consensus target price jump to $114.33 from $108.63. That is a nearly 5% lift. Analysts are growing more positive on the chipmaker, which carries a market cap of $516 billion. Short interest sits at just 2.8% of free float — bears are not piling in.
Lockheed Martin also received an upward target revision. The consensus target moved to $620.32 from $615.58. Defence spending tailwinds continue to support the bull case. The stock's short interest is a low 1.8% of free float.
On the downside, Deckers Outdoor saw its consensus target trimmed to $123.67 from $127.81. That is a $4 cut. The UGG and Hoka parent has faced questions over consumer spending resilience.
IBM also drew a target reduction. The average consensus target fell to $245.33 from $248.77. IBM has been riding the AI wave, so any softening in analyst sentiment warrants watching.
Comcast rounded out the notable downgrades, with its consensus target dipping to $30.37 from $30.85 amid ongoing subscriber pressure.
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