DELL grabbed the biggest target price move of the day. Truist Securities analyst Matthew Niknam raised his target from $360 to $505. That is a 40% jump. Evercore ISI also lifted its target, moving from $550 to $575. Both analysts kept Hold and Buy ratings respectively. Dell's market cap sits at $138 billion. Short interest is a modest 4.8% of free float.
Jefferies took the opposite view on ORCL. Analyst Brent Thill cut his target from $320 to $290. He kept a Buy rating, but the trim signals caution. Oracle trades at a $407 billion market cap with short interest below 3% of free float.
PANW got a consensus upgrade from the broader analyst community. The average target price nudged up to $385 from $367. Palo Alto has a $295 billion market cap.
MDT attracted two separate target price hikes on the same day. Truist raised its target to $99 from $86. The consensus average moved to $102.88.
ONEOK also drew a bullish target revision. Truist lifted its price target to $104 from $93, while keeping a Hold rating.
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