Analyst desks were busy this week, with tech software names drawing the most attention.
Autodesk dominated the upgrade list. UBS raised its target from $290 to $325, keeping a Buy rating. BNP Paribas also lifted its target to $300. The consensus target now sits at $315. The $55bn design software firm carries short interest of just 3.4% of free float, suggesting bears aren't pressing hard.
Workday drew conflicting calls. Wells Fargo raised its target to $225 — up from $215 — with a Buy rating. Freedom Broker went the other way, downgrading from Buy to Hold with a $200 target. Short interest stands at 9.2% of free float, the highest of the three names. The diverging views reflect uncertainty over the company's AI transition.
Robinhood saw its consensus target tick up to $121.50 from $120.08. The fintech platform's market cap has ballooned to $82bn. Short sellers hold only 4.1% of free float short.
Best Buy and Ulta Beauty also saw target upgrades. Best Buy's consensus target rose to $86.43. Ulta climbed to $624, though both stocks face broad sell-side skepticism in their consensus breakdown.
Simon Property Group was the notable downside move. Its consensus target fell to $236.89 from $237.42.
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