Analysts trimmed targets across financial and tech names on Wednesday, with Robinhood Markets and Vertiv Holdings drawing the most attention.
Robinhood's consensus target fell to $120.13 from $121.86. The fintech platform carries a $71 billion market cap. Despite the cut, 22 analysts still hold buy ratings against just 3 sells — sentiment stays firmly positive.
Vertiv's target took a bigger hit. The data centre power equipment maker saw its average target drop to $352 from $371 — nearly a $19 decline. Vertiv is valued at $86 billion. Only four analysts rate it hold, with 24 on buy, suggesting the cut reflects near-term caution rather than a change in long-term view.
Fortinet attracted a new recommendation. The cybersecurity giant now carries an above-consensus target of $152 against a prior consensus of $136. That implies roughly 12% upside from the previous median estimate. Fortinet's $112 billion market cap makes it one of the largest pure-play cybersecurity names.
Amphenol and Equinix also received target raises. TD Cowen lifted Equinix to a $1,166 buy target. saw its consensus target edge slightly lower to $643.
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