INTU dominated analyst desks this week. Three separate firms trimmed targets in quick succession. Morgan Stanley lowered its price target to $315 from $335. Oppenheimer cut to $380 from $406. The consensus rating also slipped from Hold territory toward a more cautious stance. The $98B tax and accounting software giant has struggled to convince Wall Street it can sustain growth.
FSLR saw a brighter call. Deutsche Bank analyst Corinne Blanchard raised her target to $299 from $272. She maintained a Buy rating. First Solar carries short interest of 9.6% of free float — one of the higher readings in the solar space. A bullish target lift from a major bank could pressure those short positions.
ADSK picked up a fresh Buy initiation from Macquarie. Analyst Steve Koenig set a $310 target on the design software firm. Autodesk has a $53B market cap and low short interest near 3.4%.
ESS received an upgrade to its consensus rating. Essex Property Trust, a West Coast apartment REIT, saw its average target inch up to $305. Rate-sensitive REITs have rallied as rate expectations shift lower.
also saw a small target price increase to $234. The home furnishings retailer has held up well amid softening consumer data.
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.
