Analysts lifted price targets across semiconductors and networking stocks Thursday, with Applied Materials and Ciena Corporation leading a broad wave of upward revisions.
AMAT saw its average analyst target climb to $471, up from $447. The chip equipment giant carries a $346 billion market cap. The consensus remains firmly bullish with 31 Buy ratings against just one Sell.
Ciena got an even bigger target boost — average consensus target rose to $424 from $411. The optical networking firm has benefited from surging AI-driven demand for data centre infrastructure.
Vertiv Holdings was another standout. Its average target jumped to $355 from $343. Data centre power and cooling remains a hot theme. Vertiv's 22 Buy ratings reflect Wall Street's enthusiasm.
Not all moves were positive. Apple was downgraded during the session. The consensus slipped from 31 Buys to 30. Its average target also edged lower to $308 from $306. Trade war pressures on its supply chain remain a concern.
HP Inc. earned an upgrade. Its consensus moved from 3 Buys to 4. The average target held steady at $19.43.
Amazon saw a rare target trim to $311. Despite that small cut, it still commands 62 Buy ratings with zero Sells — the most lopsided bullish consensus on the list.
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.
