Scotiabank delivered the week's most striking upgrade, lifting its target on PANW to $430 from $320 — a 34% jump. The firm maintained a Buy rating on the cybersecurity giant, which carries a $303 billion market cap. The move pushes PANW's average analyst target to $430, well above consensus.
The polar opposite story hit CIEN. B. Riley cut its target on the networking equipment maker to $413 from $516 — a $103 drop. The consensus target also fell, sliding to $551 from $557. Short interest on Ciena sits at just 2.2% of free float, so this is a pure analyst valuation call, not a short-driven squeeze story.
Elsewhere, Goldman Sachs raised its target on WDAY to $164 from $151, keeping a Hold rating. B of A lifted NTAP to $206 from $180, also with a Hold. BDX got a similar treatment — B of A raised the target to $200 from $185.
AKAM was the week's consensus upgrade winner. The cloud delivery firm saw its analyst consensus move higher, with the average target ticking up to $157.
Energy names saw modest target adjustments. DVN edged up to $59.62, while SLB slipped slightly lower.
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.
