UBS analysts flooded ratings wires today with sweeping price target revisions across technology and semiconductor names.
TER Teradyne grabbed the most dramatic boost. Timothy Arcuri lifted his target to $440 from $325 showing 35% upside conviction. The $45B chip tester maintained its buy rating as semiconductor equipment demand held firm.
Storage stocks saw massive target hikes. STX Seagate climbed to $515 from $440 while WDC Western Digital jumped to $350 from $285. Both held neutral ratings despite substantial upside potential suggesting cautious optimism on memory market recovery.
COHR Coherent scored Citigroup's Papa Sylla raising his target 68% to $420 from $250. The $23B optical components maker retained buy status as AI infrastructure buildout accelerated demand.
META Meta grabbed a target bump to $908 from $872 at UBS. The social media giant held buy ratings across the street. GOOGL Alphabet climbed to $375 from $348 despite a hold rating.
TTD Trade Desk absorbed the only major cut. UBS slashed target to $31 from $44 keeping buy despite 30% downside. The adtech name faced mounting digital advertising pressure.
Semiconductor equipment and storage dominated bullish revisions while advertising absorbed fresh skepticism.
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