Macquarie raised its target on Datadog to $230 from $200, keeping a Buy rating. The cloud monitoring firm carries a $62B market cap. Short interest sits at just 4.1% of free float. Bears are not pressing this one hard.
Akamai Technologies also drew a target lift, with the consensus average rising to $143.77 from $114.24. That is a sharp 26% jump in analyst price expectations. Short interest is notably higher at 11.9% of free float. Analysts appear to be turning more bullish against a positioning mismatch.
EPAM Systems picked up a new consensus recommendation. The IT services firm trades at a $5.5B market cap. Short interest at 15.6% of free float is elevated. Bulls adding coverage here are betting on a recovery in demand for tech outsourcing.
Qualcomm got a target hike to $280 from Tigress Financial, reiterating a Buy. Tigress analyst Ivan Feinseth cited strong AI chip momentum. Albemarle, the lithium producer, also saw its consensus target tick up to $208.92 from $204.10 amid stabilising lithium prices.
Mettler-Toledo was the outlier. Analysts trimmed targets there, with the average sliding to $1,451 from $1,488.
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.
