DELL dominated analyst activity on Wednesday. Two firms sharply lifted their price targets. Truist Securities jumped from $360 to $505. Evercore ISI raised its own target to $575, up from $550. Both analysts maintain positive ratings on the stock.
The $138 billion tech giant carries just 5.1% short interest as a percentage of free float. Bears are not pressing hard. Availability is over 2,100% of short interest, meaning borrowing shares is easy.
ORCL drew the only target cut of note. Jefferies analyst Brent Thill trimmed his price target from $320 to $290. He held his Buy rating. The $407 billion database giant recently reported earnings, and expectations may have been too high.
PANW got a consensus upgrade. The cybersecurity giant now sits at a higher overall rating across 44 covering analysts. Short interest is below 3% of free float.
MDT also saw meaningful target upgrades. Truist lifted its target from $86 to $99. The medical device maker benefited from positive sector sentiment.
OKE got a $11 target raise from Truist Securities, moving to $104. The midstream energy firm is drawing fresh attention from energy desk analysts.
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.
