Palo Alto Downgraded; Micron Gets Fresh Buy Call

Analyst desks were busy Sunday, with a notable downgrade hitting cybersecurity and a bullish new call landing on memory chips.

PANW took the day's biggest hit. Analysts cut their rating on Palo Alto Networks, with the consensus slipping from 44 buys to 43. The average target price stands at $391. The $271bn company carries a low SI % of FF at 2.7%, so shorts aren't driving this pressure — it's pure analyst caution.

MU got the opposite treatment. Micron Technology received a fresh new recommendation, pushing buy-side coverage to 45 analysts. The consensus target sits at $1,513. Micron's market cap has ballooned past $1.1 trillion, reflecting the AI-driven memory boom.

ULTA saw its target price lifted to $628.54, up from $624.50. Three analysts now carry buy ratings on the beauty retailer. The stock is lightly shorted at 4.6% of free float.

TGT also attracted a target hike to $162.76. That lifts four analysts into the buy camp on Target. Retailers broadly are seeing revised forecasts as consumer spending data firms up.

AMD and AKAM both saw modest target price trims. Neither shift moved consensus ratings.