Seagate Technology grabbed the biggest analyst move of the day. Wedbush raised its target to $825, up from $700. Citigroup followed with its own hike to $740, from $595. Both firms maintain Buy ratings. That puts Seagate's targets roughly 18% above each other — a rare split signal from two bulls in tandem.
The storage giant carries a market cap of nearly $130 billion. Short interest sits at just 3.7% of free float. Bears are largely absent.
Corning also caught a fresh tailwind. Citigroup analyst Asiya Merchant raised the target to $175 from $170, keeping a Buy rating. The glassmaker has benefited from AI-driven fibre optic demand.
General Motors drew attention from two firms. Consensus target edged up to $94.52. Wedbush's Dan Ives initiated coverage with a Buy and a $95 target. Short interest on GM is minimal at 2.2% of free float.
Not everything was positive. Old Dominion Freight Line saw a consensus downgrade. Analyst count flipped more cautious. Booking Holdings had its Citigroup target cut to $225 from $250, despite a Buy being maintained. Travel demand uncertainty appears to be weighing on the call.
Coca-Cola rounded out the day. Citigroup lifted its target to $90 from $87 with a Buy. Defensive names remain in favour amid macro uncertainty.
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.
