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 all saw consensus targets nudged higher. 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.
