A busy earnings week drove a wave of target price changes across Wall Street on July 30.
IQVIA Holdings saw the biggest boost. The average analyst target jumped to $269 from $253 — a $16 lift. All 18 covering analysts rate the stock a Buy. The contract research firm has $40.5bn in market cap and short interest sits at just 3% of free float.
Flex Ltd. also caught a tailwind. Targets rose to $166.80 from $162.50. Every analyst covering the electronics manufacturer rates it a Buy — an unusually clean sweep. Market cap stands at $41.5bn.
Automatic Data Processing targets climbed to $272 from $258. General Dynamics targets moved to $401 from $396, reflecting steady demand for defense names.
On the downside, Veralto Corporation saw a consensus downgrade. The water quality firm slipped from a stronger Buy mix, with targets trimmed to $110 from $107. Short interest is minimal at 2.8% of free float.
Meta Platforms targets edged slightly lower to $822 from $825, though 54 analysts still hold Buy ratings — the highest coverage count on the day.
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