Analyst desks are sending mixed signals on semiconductors. Applied Materials drew two conflicting calls on the same day. UBS analyst Timothy Arcuri cut his target to $675 from $705. Craig-Hallum's Christian Schwab went the other way, lifting his target to $585 from $530. The chip equipment giant carries a $424 billion market cap.
Retail got a warmer reception. Telsey Advisory Group upgraded Target to Buy with a bold target jump — $170, up from $150. That's a 13% lift in the price target alone. Ross Stores also got a Telsey upgrade to Buy, with the target rising to $280 from $265. Both moves come as discount retail holds up amid broader consumer caution.
Datadog saw the sharpest consensus shift in tech. The average analyst target rose to $285, up from $284. The $84 billion cloud monitoring firm has just 3.5% of its free float sold short — bears remain light.
Residential REITs drew broad target upgrades. Camden Property Trust, AvalonBay Communities, and Essex Property Trust all saw consensus targets nudged higher. Mid-America Apartment Communities was the lone holdout, with its target trimmed slightly to $143.80.
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.
