DELL dominated Wednesday's analyst activity. Two firms lifted their price targets sharply. Truist Securities raised its target from $360 to $505. Evercore ISI Group moved from $550 to $575, maintaining a Buy rating. The moves signal growing confidence in Dell's AI server business.
ORCL went the other way. Jefferies analyst Brent Thill cut his target from $320 to $290. He kept his Buy rating. Oracle carries a $407 billion market cap and low short interest of 2.9% of free float.
PANW received a consensus upgrade from analysts. The average target price rose to $385 from $367. The cybersecurity giant has a $295 billion market cap.
MDT drew two separate target increases from Truist Securities. Richard Newitter raised his target from $86 to $99. The medical device maker also saw its consensus target edge up to $102.88.
OKE got a $104 target from Truist's Gabe Daoud, up sharply from $93. The midstream energy firm saw its consensus target also tick higher to $99.37.
Dell's target hike of 40% from Truist stands out as the session's boldest call.
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