Wall Street Upgrades Tech, Cuts Healthcare Targets

Analysts delivered a split verdict on Monday. Tech names won upgrades while healthcare stocks took target cuts.

Datadog received the most bullish call of the day. Citigroup's Fatima Boolani raised her target to $300 from $270, keeping a Buy rating. The $82B cloud monitoring firm carries just 3.8% SI % FF — short sellers are not fighting this rally.

Cadence Design Systems drew back-to-back upgrades from two separate firms. Citigroup lifted its target to $420. Baird followed closely with a matching $420 price target, up from $415. The EDA software giant sits at a $90B market cap with minimal short interest at 2.1% of free float.

Loop Capital initiated coverage on CrowdStrike at Buy with a $230 target. The cybersecurity firm adds another bullish voice to a consensus that already leans heavily positive.

Healthcare faced cuts. Mizuho trimmed its HCA Healthcare target sharply — to $475 from $525. Barclays also cut Universal Health Services to $168 from $179, maintaining a Hold.

Honeywell saw its analyst consensus upgraded overall, with the average target rising to $262.