Storage and semiconductor names dominated analyst desks on August 14. Two separate firms raised targets on SNDK following strong momentum in the flash storage market.
RBC Capital lifted its target to $1,600 from $1,300. Wells Fargo followed with a move to $1,550 from $1,400. Both firms kept Hold ratings but the back-to-back upgrades signal rising Street confidence in Sandisk. The company carries a $228 billion market cap.
DELL also caught a boost from Wells Fargo. The bank raised its target to $545 from $505 while keeping a Buy. Dell's AI server business has been a key growth driver. Its market cap now sits at $161 billion.
TD Cowen reiterated a Buy on AMAT with a $700 target unchanged. Applied Materials is a $424 billion chip equipment giant. Analysts see it as a core AI infrastructure pick.
On the energy side, consensus targets edged lower for CVX, EOG, and OXY. Oil price softness has trimmed forecasts across the sector.
JP Morgan raised its target on SJM to $139 from $125 with a Buy, noting improved pricing power in consumer staples.
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