Analysts are turning more positive on defence and cybersecurity. Lockheed Martin was upgraded this week, with the consensus shifting to 13 Hold ratings from 14. The $130bn defence giant carries just 1.4% short interest — a sign the market is not positioned against it.
CrowdStrike saw its average analyst target price nudge up to $209.74 from $208.22. The cybersecurity firm holds a $195bn market cap. Analysts remain broadly bullish, with 40 Buy recommendations against just one Sell.
Utility Evergy also earned an upgrade. Its consensus improved to five Hold ratings from four. Short interest sits at 8.1% of free float — the highest of the three upgraded names. Availability of shares to borrow is at 801%, meaning borrowing capacity is plentiful.
On the payroll side, Automatic Data Processing received a target price lift to $287.27 from $286.93. Prudential Financial also gained a small target bump, to $112.53 from $110.53.
Airbnb rounded out the target price movers. Its average target rose to $175.50. With 23 Sell ratings against just three Buys, it remains one of the more controversial large-cap names among Wall Street analysts.
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.
