Edited by Peter Hillerberg1 min readStories are generated from ORTEX data and reviewed by the ORTEX team. How we publish
Wells Fargo analyst Michael Turrin made two sharp calls today. He cut Adobe from Buy to Sell, slashing his target to $225 from $270. At the same time, he upgraded Tyler Technologies from Hold to Buy, lifting his target from $335 to $400. The same analyst, opposite directions, same session.
Adobe carries a $94bn market cap and short interest sits at 4.6% of free float. The Sell rating now puts Turrin against the majority: 23 analysts still hold the stock, and 11 rate it Buy. That consensus gap could prompt further reviews.
Tyler Technologies, a government software specialist valued at $13.5bn, had its short interest at 8.1% of free float. Only five analysts were at Hold before today's upgrade. The $400 target implies meaningful upside from current levels.
Elsewhere, RBC Capital raised its target on ServiceNow to $176 from $130, maintaining Buy. RBC also lifted to $320 from $280. Both moves reflect continued confidence in enterprise software spending.
RBC's Tom Narayan raised his target on General Motors to $102 from $100. German car registration data, which ORTEX Alt Data measures as a 15-day leading indicator for GM revenue, is running 133% above the same quarter last year. GM reports on 20 October.
GoDaddy was downgraded to Hold from Buy at RBC, though the target held at $95.
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data and reviewed by the ORTEX team. Content is informational only and does not constitute investment advice.
