Consensus price targets on NKE fell to $42.41 from $45.63, the largest cut among major names in today's analyst activity. The move extends a difficult stretch for the sportswear giant. Short interest stands at 8.4% of free float, a meaningful level for a $42bn market cap stock.
FICO also drew a target reduction, with the consensus sliding from $1,256 to $1,232. The data analytics firm has $12.8bn in market cap and 8.6% of its free float sold short. Analysts appear less willing to pay premium multiples for the credit-scoring business.
On the positive side, ACN saw its consensus target lifted to $220.53 from $213.57. The $112bn IT services group carries a modest 4% short interest. Analysts see room to run as enterprise tech spending holds up.
PANW and CRWD both received upward target revisions too. The cybersecurity pair continues to attract bullish calls from the Street, reflecting steady demand for security platforms.
BAC and EFX faced small cuts. Financials and data names appear under mild pressure heading into the next earnings cycle.
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.
