Analysts Lift Dell and Palantir Targets

Wall Street lifted targets on several high-profile names today. Dell Technologies saw its consensus target rise to $595 from $593. Analysts remain bullish, with 19 buy ratings and no sells. Palantir Technologies also moved higher. Its consensus target now stands at $208.97, up from $207.62, with seven buy ratings versus 19 sells. The divide underscores how polarising the AI-data company remains despite its run-up.

Cadence Design Systems attracted one of the largest upward revisions. The EDA software maker's target rose to $408.29 from $407, backed by 23 buys and no sell ratings.

On the downside, AbbVie saw its target trimmed to $283.19 from $284.79. The pharma giant carries one sell against 22 buys, so the cut is modest. Verizon Communications also lost ground. Its target fell to $50.65 from $50.83, with 10 sells and no buys from analysts.

Off-price retail took a knock. Ross Stores and TJX Companies both had targets clipped. Ross fell to $271.83 from $272.22. TJX dropped to $171.42 from $171.68. Both names carry heavy sell-side scepticism relative to peers.

Nasdaq Inc bucked the trend with a target lift to $115.25 from $114.25. The exchange operator benefits from continued strength in trading volumes and listings activity.