Wall Street turned more bullish on INTC today. The consensus rating on Intel was upgraded, with the average analyst target price rising to $81.65 from $80.93. The chip giant carries a market cap near $568 billion.
DDOG saw the sharpest target price jump in today's batch. The average analyst target for Datadog rose to $186.47 from $177.02. That is a near-6% move in the consensus target. The cloud monitoring firm has short interest of just 4.1% of free float.
VRT also attracted bullish revisions. Vertiv's average target edged up to $329.88 from $327.44 as data centre infrastructure demand stays strong.
On the downside, MCD drew a target cut from TD Cowen. Analyst Andrew Charles trimmed his price target to $300 from $330 while keeping a Hold rating. That follows softer consumer spending trends hitting quick-service restaurants.
PH saw JP Morgan's Chigusa Katoku lower the target on Parker-Hannifin to $1,060 from $1,100, though the Buy rating held firm.
CVS and DIS both saw modest target increases. The Walt Disney Company's consensus target rose to $130.60 from $128.63, reflecting optimism ahead of summer.
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.
