Wall Street Lifts Chips and Cloud

Analysts raised targets across tech this week. The moves signal renewed confidence in AI-driven hardware and software demand.

MRVL drew the biggest crowd. Its consensus target climbed to $257, up from $254. Marvell carries a $186 billion market cap. All 38 analyst recommendations sit at Buy. The stock is a direct play on AI custom silicon.

LITE got the most dramatic target boost. The average price target jumped to $1,148 from $1,126 — a $22 lift. Lumentum makes optical components for data centres. Its 20 Buy ratings show deep conviction from the Street.

WDAY also moved higher. The consensus target ticked up to $171. Short interest sits at 13.5% of free float. That is elevated for a $36 billion enterprise software name. Any further upgrades could pressure those shorts.

Outside tech, MLM bucked the trend. Martin Marietta's target slipped to $663 from $664. LOW also saw a mild trim to $262. Both names face macro headwinds from higher-for-longer rates hitting construction demand.

TDY stood out in defence. Teledyne's target rose to $757 from $747. The stock has only 8 Buy ratings but zero Sells — a quiet, bullish setup.