Analysts Raise Targets on SMCI and Lumentum

Analysts are pushing price targets higher on several names this week. The moves are broad but a few stand out.

Super Micro Computer drew the most action. Citigroup's Asiya Merchant lifted her target to $39 from $33, maintaining a Hold. Goldman Sachs' Katherine Murphy also raised her target, to $34 from $30, but keeps a Sell rating. The consensus target now sits near $41.75. Short interest is elevated at 17.4% of free float, suggesting the stock remains a battleground.

Lumentum Holdings saw the biggest consensus target jump in percentage terms. The average analyst price target moved to $1,148 from $1,126. The AI-driven optical components maker carries 11.3% short interest. That gap between bearish positioning and rising targets could attract attention.

Cardinal Health got a direct upgrade from Citigroup's Daniel Grosslight, who raised his target to $280 from $265 and moved to Buy. The healthcare distributor's consensus target now stands at $264.73. Short interest is low at 2.9%, reflecting steady underlying business confidence.

Expedia Group also saw its consensus target climb to $333.86 from $327.97, as the travel sector recovers. Incyte Corporation edged higher to $125.17.