Semiconductor and software names dominated analyst activity on Monday, with target price increases sweeping across the tech sector.
TXN led the chip upgrades. Analysts lifted the consensus target to $277, up from $276. Texas Instruments carries a $256 billion market cap. Short interest is low at just 1.8% of free float. That signals bears are not pressing the case.
NXPI also saw its target nudged higher to $296. The Dutch chipmaker has 25 buy ratings and just one sell. Momentum is clearly bullish among the analyst community.
NOW got a target bump to $144.65. ServiceNow commands 43 buy ratings versus only two sells. Its $94 billion market cap reflects strong institutional confidence in the AI-driven enterprise software story.
On the pharma side, VRTX targets rose to $548. Vertex has 26 buy ratings. Short sellers are largely absent at 1.7% SI % FF.
Not all moves were positive. MOS took a target cut to . also saw its target trimmed to as cruise demand concerns weigh on the stock.
META targets dipped slightly to $828.97, despite the stock retaining 56 buy ratings from the analyst community.
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