Analysts turned more bullish on RTX and NetApp on Monday. Both stocks saw target price lifts, pointing to fresh confidence in defense and enterprise storage spending.
RTX Corporation drew an upgraded consensus target of $234.82, up from $232.27. The defense giant carries a $299 billion market cap. Analysts remain solidly bullish with 14 buy-equivalent ratings and no sells.
NetApp saw its average target jump to $183.81, versus $180.13 previously. The data storage firm has a $40 billion market cap. Short interest sits at 5.8% of free float — modest enough to keep short squeeze risk low.
AppLovin bucked the positive trend. Analysts trimmed its average target to $544.97 from $546.58. The adtech company is valued at nearly $95 billion. Despite the slight cut, 26 analysts still hold hold-equivalent ratings.
Apple also saw a target bump to $326.34, lifting the consensus fractionally. The broad analyst community continues to skew heavily toward buys. Target upgrades across mega-caps suggest growing optimism heading into autumn.
Two utilities — CenterPoint Energy and Ameren — saw their targets trimmed slightly, a reminder that rate-sensitive names face continued analyst caution.
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.
