Wall Street Lifts Targets on AI and Gold

Analysts raised targets across several names this week. Three moves stand out.

Lumentum leads the upgrades. LITE saw its consensus target jump to $1,144. That is up from $1,126 just days ago. Short interest sits at 11.3% of free float. Availability is extremely high at 1,459% of SI. The risk to shorts is growing as analyst sentiment firms.

Super Micro gets a bump. SMCI received a target price increase to $40.25. The server maker still carries 17.4% short interest — one of the higher readings in tech. Cost to borrow remains cheap at 0.45%. Bears are betting against it. Analysts are not.

Gold miners catch a bid. NEM — the world's largest gold miner at a $123bn market cap — got a target lift to $131.39. Analysts remain overwhelmingly bearish in consensus terms. Yet price targets keep creeping higher. That gap between ratings and targets tells a conflicted story.

Elsewhere, DELL targets edged up to $501. TGT also got a small boost. HPE was the lone downgrade among the HP pair, slipping while HPQ rose.