Edited by Peter Hillerberg1 min readStories are generated from ORTEX data and reviewed by the ORTEX team. How we publish
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.
WSM 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 and reviewed by the ORTEX team. Content is informational only and does not constitute investment advice.
