Analysts revised targets higher across technology and industrials on May 3, with semiconductors and automakers drawing the most attention.
Intel saw its consensus target rise to $79.05, up from $78.21. The chipmaker has been fighting to rebuild investor trust. 59 analysts now recommend buying — a bullish lean despite the upgrade cycle still early.
Advanced Micro Devices also got a target bump, to $307.50. AMD has 35 buy recommendations against 13 holds. Analysts remain optimistic on AI chip demand.
Alphabet and Amazon both received upward target revisions after strong earnings. Alphabet's consensus target moved to $413.78. Amazon's rose to $307.60. Both carry near-unanimous buy ratings.
Meta Platforms bucked the trend. Its consensus target slipped slightly to $832.80. The stock retains 56 buy ratings, but the marginal dip suggests some trimming after a strong run.
General Motors received a target raise to $93.88. Analysts see upside despite tariff concerns. 20 buys versus 5 holds signals broad confidence.
Newcomer Solventum picked up fresh coverage with a consensus target of $84.08. The $11.6B healthcare spinoff now has 6 buy ratings and 2 sells — a mixed but constructive start.
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.
