Advanced Micro Devices dominated analyst activity Wednesday. Multiple analysts lifted their targets. The consensus average jumped from $314 to $411. That is a 31% increase in the average target price in a single session.
Skyworks Solutions also caught a bullish call. Analysts lifted the average target from $67 to $74. Short interest sits at 15.5% of free float — a notable level. A sustained re-rating could put pressure on those short positions.
Optical networking play Lumentum Holdings got the biggest target jump in percentage terms. The average target rose from $905 to $1,081. That is nearly a 20% move in analyst price expectations. Short interest is around 11% of free float.
On the defensive side, Leidos Holdings saw a consensus target dip from $198 to $195. NRG Energy and Aon also had targets trimmed slightly.
Eli Lilly received a target boost to $1,207. The consensus average crept up from $1,204. Analysts remain overwhelmingly bullish with 22 buy ratings and just one sell.
Expeditors International was upgraded, with its target nudged higher to $145. Logistics stocks are staging a quiet recovery in analyst sentiment.
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.
