Analysts Back Quanta, Upgrade Airbnb

Analyst consensus shifted notably today across several sectors. The most striking upgrade went to PWR. Quanta Services climbed to a higher consensus rating with an average target price of $769.63. The electrical infrastructure giant holds a $96.6 billion market cap. Analysts are betting on continued demand from the AI-driven grid buildout.

ABNB also earned an upgrade. Airbnb's consensus target stands at $184.35. With short interest at just 3.4% of free float, bears are not pressing hard on the travel platform.

Not all moves were positive. CDNS took a downgrade despite an average target still above $403. Cadence Design Systems has delivered strong gains this year, and some analysts appear to be booking expectations lower after the run-up. The EDA software maker carries an $83.4 billion market cap.

NDAQ also drew a downgrade today. Nasdaq Inc. saw its consensus slip, with one analyst moving to a sell rating. Its target remains near $109.67.

On the upgrade list, BX benefited from a shift toward "buy" at Blackstone. The alternative asset manager's average target sits at $144.38. Utility name PEG also received a fresh upgrade, adding to a growing bullish tilt in the power sector.