Wall Street is broadly bullish on enterprise software. Three major names all received upward target price revisions on August 19.
ServiceNow saw its consensus target rise to $141.67. The stock has a $121.7B market cap. Analysts are overwhelmingly bullish — 44 hold Buy ratings versus just two Sells. Short interest sits at 3.2% of free float, suggesting few bears.
Adobe got a target lift to $270.61. Despite a market cap just over $100B, short interest is low at 4.8% of free float. The stock draws 23 Hold ratings and 12 Buys. The mixed consensus hints at uncertainty around AI competition.
Workday received a target upgrade to $180.58. It stands out among the group. Short interest runs at 12% of free float — the highest of the three. With 23 Buys but also 17 Holds, conviction is split.
Away from tech, insurance brokers dominated the upgrade list. Chubb, Willis Towers Watson, Arthur J. Gallagher, and all saw target increases. The sector sweep suggests analysts are re-rating the insurance space broadly higher.
Synopsys was the sole notable tech downgrade. Its target slipped to $560.03.
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.
