Analysts split sharply on two tech giants this week. Cisco Systems was downgraded, with the consensus target price slashed from $105.68 to $91.36 — a drop of more than $14. The $392 billion networking giant faces mounting pressure as rivals push into AI-driven infrastructure. Short interest sits at just 1.6% of free float, suggesting markets are not yet betting heavily against it.
NVIDIA moved the other way. Analysts nudged the average target price up to $271.36 from $270.83. With 55 buy ratings and a market cap near $5.4 trillion, the chip giant commands near-universal bullish sentiment.
Elsewhere, residential REITs dominated the target price activity. AvalonBay Communities, Camden Property Trust, and Mid-America Apartment Communities all saw targets trimmed. However, Essex Property Trust and Equity Residential bucked that trend with modest target increases.
Deckers Outdoor and Royal Caribbean Cruises also had targets lowered. Expand Energy saw its consensus target edge down to $132.12 from $132.44 — a small move but a sign of fading analyst enthusiasm for the natural gas producer.
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.
