Wall Street is turning bullish on storage hardware. Two separate firms raised targets on SNDK today. RBC Capital lifted its price target to $1,600, up from $1,300. Wells Fargo followed with its own raise to $1,550 from $1,400. Both firms maintain Hold ratings — yet the target moves signal growing confidence in the $228 billion company's trajectory.
DELL also caught a boost from Wells Fargo. Analyst Aaron Rakers, who also covered Sandisk, raised his Dell target to $545 from $505, keeping a Buy rating. The back-to-back calls suggest Rakers sees AI infrastructure spending lifting the entire storage and server ecosystem.
AMAT drew a Buy reiteration from TD Cowen's Krish Sankar. The target holds at $700. Applied Materials carries a $424 billion market cap and a short interest of just 1.7% of free float — bears are scarce here.
In consumer staples, JP Morgan's Thomas Palmer nudged up targets on SJM to $139 and HRL to $26. Defensive stocks getting quiet upgrades suggest some rotation toward safety.
Energy names EOG, CVX, and OXY all saw slight consensus target price reductions, reflecting softer commodity sentiment.
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.
