Analyst target price upgrades are clustering around data centre and energy infrastructure stocks. Vertiv Holdings saw its average target rise to $339.68 from $329.88. The data centre cooling giant carries a $130bn market cap and 22 Buy ratings. Coherent Corp received a target bump to $376.25. The photonics and networking firm has 16 Buy ratings and a $65bn market cap. Both names benefit from AI infrastructure spending.
SLB received a notable target increase from Bernstein. The bank raised its price target to $71 from $56.10, a 26% jump. The firm maintains a Buy rating.
On the downside, The Trade Desk saw the consensus target slip to $26.29 from $27.24. The programmatic advertising platform has 17.6% of its free float sold short. That elevated short interest adds risk for the stock heading into any macro-driven ad-spend weakness.
Clorox also saw a target cut. The consumer staples firm's average fell to $105.59 from $107.41. Analysts remain split with four Sells, 13 Holds, and just two Buys.
News Corp won a rare upgrade. Macquarie's Darren Leung lifted the stock to Buy from Hold, with a $29.40 target.
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.
