Analysts Upgrade AppLovin, Trim Kroger

AppLovin picked up a fresh upgrade today. The ad-tech giant moved from Hold to Buy in analyst consensus, with a target price of $508. That implies meaningful upside from current levels. The $98.6 billion company has short interest of just 4.2% of free float — short sellers are not a major headwind here.

Adobe also saw its consensus target price nudge higher, to $279. Analysts lifted their view after the company's latest quarterly results. Adobe's market cap sits at $100 billion. Short interest is low at 4.5% of free float.

Travel stocks dominated the target price upgrades. Airbnb, Expedia, and DoorDash all received higher targets in a cluster of revisions. Analysts appear to be marking up the travel-and-delivery sector in tandem.

Kroger was the notable loser in today's session. Analysts cut the grocery chain's target to $68.52 from $69.77. The consensus now stands at just one Buy against 22 Hold/Sell ratings. That lopsided setup reflects continued pressure on supermarket margins.

Simon Property Group also saw a small target trim, to $235.44 from $236.89, as rate sensitivity weighs on REIT valuations.