Analysts made two notable upgrades on Wednesday. CVNA and QCOM both received formal rating bumps, lifting their consensus outlooks.
Carvana upgraded. The online car retailer's consensus target price jumped to $437.95 from $425.77. The stock carries a $58B market cap. Short interest sits at 10% of free float. That is notable — short sellers are still present despite the upgrade wave.
Qualcomm gets a boost. The chipmaker's consensus target rose sharply to $160.59 from $150.10 — a $10 move. It carries a $160B market cap. Buy-side analysts now outnumber sells at 4 versus 10 holds.
Humana target jumps $13. HUM saw its average analyst target climb from $220.71 to $233.46. The healthcare insurer has been under pressure. A $13 target lift is a meaningful vote of confidence.
Amazon target moves up too. The consensus target on AMZN rose to $297.62 from $283.72. Sixty-one analysts rate it a Buy. That is nearly unanimous bullish coverage.
MSFT and both saw small target price trims. Neither change was dramatic — both remain widely held Buy-rated names. also saw a minor consensus target dip to $43.54.
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.
