AVGO dominated analyst desks on Thursday. Three firms raised their price targets in a single session. Rosenblatt went highest at $600. BMO Capital set $575. Cantor Fitzgerald also landed at $600. All three carry Buy ratings. The $1.7 trillion chip giant carries just 1.2% short interest — bears are scarce.
The moves follow Broadcom's strong AI-driven momentum. Analysts are chasing the stock rather than leading it.
California utilities took a hit. PCG was downgraded at the consensus level. Its average target fell to $19.91 from $20.59. SRE and EIX both saw target cuts. Wildfire liability concerns continue to weigh on the sector.
MRNA picked up a blunt call from Rothschild & Co. Analyst Simon Baker downgraded to Sell from Hold. His new target is $40 — half the prior $81. Moderna's short interest sits at 13.5% of free float. Bears already had this one in their sights.
UBER got a fresh Buy from BTIG with a $100 target. saw Baird lift its target to $235. Both names have overwhelming Buy consensus behind them.
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.
