Wolfe Research analyst Darrin Peller raised targets on five fintech and payments names in a single session. Block, Inc. got the biggest lift — target up to $115 from $100, with a Buy rating maintained. Global Payments jumped to $125 from $110. Synchrony Financial moved to $90 from $85. Jack Henry & Associates hit $215 from $200. FIS saw a modest nudge to $54.
The sweep signals growing confidence in payments sector fundamentals. Block carries short interest at just 2.7% of free float. That leaves little squeeze pressure but also limited bearish conviction.
UBS went the other way on apparel. Analyst Jay Sole cut his target on lululemon to $120 from $124, keeping a Hold. The stock sits at 9.7% SI % FF — elevated for a consumer name. That reading suggests traders remain skeptical of a recovery.
Wolfe Research separately raised its target to $95 from $84, maintaining Buy. Consensus on the streaming giant has 35 buy ratings, making it one of the most covered names on the Street.
Veeva Systems saw one recommendation removed from consensus, nudging average targets slightly to $255.93. The cloud software firm remains largely a buy-side favourite with short interest at just 4.1% of free float.
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