Analyst pressure is building on three tech names. INTU took a double blow today. The consensus rating was downgraded. Piper Sandler also slashed its target price from $250 to $290 — still well below the consensus average of $427. The $101 billion fintech giant carries a short interest of 3.3% of free float.
GDDY was also downgraded at the consensus level. The web services firm's average target slipped to $104.53 from $104.80. It is a modest move in price terms. But the direction shift matters — GoDaddy had been holding at a neutral rating, and analysts are now pulling back.
APP escaped a downgrade but still took a hit. Needham cut its target on the ad-tech platform from $500 to $475. The Buy rating remains intact. AppLovin's $91 billion market cap and strong growth story keep most analysts bullish. But the target trim signals near-term caution.
EIX was downgraded to Hold from Buy by Argus Research. The utility company has faced wildfire liability concerns in recent years. That overhang appears to be keeping analysts cautious.
TJX also saw a consensus downgrade. The retailer's average target fell to $170.40 from $172.15.
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