Analysts trimmed targets across several names Thursday, with downgrades hitting Coinbase, Norwegian Cruise Line, and Meta Platforms.
META saw its consensus target price edged down to $773.59 from $777.80. The stock carries a near-unanimous buy rating from 54 analysts. Analysts still see upside, but the modest cut reflects caution after a strong run.
COIN also faced a target reduction, slipping to $213.68 from $214.94. Short interest sits at 10.9% of free float — elevated for a large-cap. With crypto volatility still high, bears are not fully backing down.
NCLH drew a target trim to $21.24 from $21.36. Short interest there is a hefty 18.3% of free float. The travel recovery trade is dividing opinion, with 16 holds against 11 buys.
AOS — A.O. Smith — saw its target cut to $70.00 from $70.55. The water products maker has struggled with slowing demand in China.
On the positive side, AMZN, , and all saw target upgrades. Amazon's consensus target rose to $313.56. Mastercard climbed to $651.79. Bristol-Myers Squibb edged up to $64.21, signalling cautious optimism in pharma after recent pipeline updates.
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.
