Analyst target prices moved broadly higher on Monday, with chips, cloud, and steel all getting upgrades.
Cadence Design Systems was the standout. The consensus target rose to $378 from $372. All 22 analyst Buy ratings stayed in place. The EDA software maker has benefited from AI chip design demand.
Teradyne got the biggest individual call. Stifel's Brian Chin upgraded the stock to Buy and raised his target to $390 from $325 — a 20% jump. That is a bullish call on semiconductor test equipment demand.
Advanced Micro Devices also saw its consensus target nudge up to $299 from $296. 35 Buy ratings underpin the stock. Amazon received a boost from Mizuho's Lloyd Walmsley. He lifted his target to $325 from $315, keeping a Buy.
On the downside, Microsoft saw a small consensus target trim. Domino's Pizza and also saw modest cuts.
Nucor was the surprise mover. The steel giant's consensus target jumped to $202 from $196. It is a rare bullish call in industrials amid trade war noise.
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.
