Edited by Peter Hillerberg1 min readStories are generated from ORTEX data and reviewed by the ORTEX team. How we publish
Wall Street turned broadly positive on technology on Friday. Two of the day's most notable upgrades landed in semiconductor equipment and cybersecurity.
AMAT received a consensus upgrade from analysts, with the average target price nudging up to $627.83 from $632.28. Buy-side coverage stands at 32 analysts. The move comes as ORTEX Alt Data shows German car registrations running 133% above year-ago levels, a dataset that leads GM revenue by 15 days ahead of its 20 October print. Broader industrial demand signals are pointing higher.
PANW also earned a consensus upgrade today. Its average target holds steady at $398.52, with 42 analysts in the buy camp. Cybersecurity demand remains a structural tailwind.
Oilfield services names faced headwinds. Analysts trimmed targets for both SLB and , reflecting softer near-term drilling expectations. SLB's consensus target edged down to $62.38. Baker Hughes slipped to $71.04.
STERIS saw its target cut to $259.17 from $262.14. The medical sterilisation group carries no buy ratings in the current consensus.
IDXX bucked the healthcare pressure with an upgrade. The veterinary diagnostics company saw its target rise to $705.50. Just one of 14 analysts rates it a sell.
Transport also softened. JBHT had its target trimmed to $279.30, with 15 sell ratings in a 24-analyst panel.
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.
