Evercore ISI analyst Amit Daryanani made two headline-grabbing moves on Monday. He raised his price target on STX from $750 to $1,000. That is a 33% jump in one move. He also lifted his target on VRT from $350 to $425, maintaining a Buy on both names.
Both calls lean on AI infrastructure demand. Seagate makes hard drives used in data centres. Vertiv supplies power and cooling for AI server farms. The $1,000 Seagate target implies meaningful upside from current levels. The stock carries a $187 billion market cap and short interest of just 3.9% of free float.
Vertiv, valued at $141 billion, has been one of the best AI infrastructure plays this year. Daryanani's new $425 target signals he sees further room to run.
CVS also drew attention. Consensus target prices ticked up to $101 from $100. The stock remains out of favour with short sellers at just 1.3% SI % FF.
RTX picked up a fresh upgrade from a consensus call — a positive sign for the defence contractor as military spending sentiment stays firm.
JP Morgan moved the other way on MOS, cutting its target on The Mosaic Company to $19 from $24 while keeping a Sell rating. Fertiliser demand concerns continue to weigh on the potash miner.
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