Analysts raised targets on several technology names this week. The moves follow a busy earnings season with mixed results across sectors.
Datadog saw its consensus target price jump to $196 from $177. The monitoring software firm carries a $47.5B market cap. Short interest sits at just 4.1% of free float — bears are not pressing the name.
AppLovin got a direct upgrade from Macquarie's Aaron Lee. The analyst raised his target to $730 from $710 and reiterated a Buy. AppLovin now trades near a $143B market cap. Short interest is modest at 4.9% of free float.
Advanced Micro Devices also received a consensus target lift, moving to $437 from $428. Forty analysts hold Buy ratings on the chip maker.
The standout downgrade story is EPAM Systems. The IT services firm saw its average target cut to $171 from $183. EPAM carries notably elevated short interest at 14.9% of free float — the highest of the group. Bears appear aligned with cautious analyst sentiment.
Becton Dickinson also took a target trim, dropping to $187 from $189, with eight analysts now on Hold.
Viatris bucked the trend. Its consensus target rose to $16.50 from $15.94, a quiet but positive signal for the generic drugmaker.
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.
