Applied Materials is the week's biggest analyst magnet. Four separate firms raised their price targets on the chip equipment maker. TD Cowen went to $525 from $450. B. Riley pushed to $550. Evercore ISI and UBS both landed at $515. The consensus target now sits near $503. The moves follow strong earnings momentum in semiconductor equipment.
Ciena grabbed the boldest single target move. TD Cowen's Joshua Buchalter raised his price target to $675 — up from $425. That is a 59% jump in one call. The networking hardware firm carries a $84 billion market cap.
Cruise stocks got a cold shoulder. TD Cowen trimmed targets on both Norwegian Cruise Line and Royal Caribbean. NCLH's target fell to $22 from $27. RCL dropped to $337 from $350. Both kept Buy ratings, but the cuts reflect caution around consumer spending.
C.H. Robinson picked up an upgrade. The freight brokerage moved to a more bullish consensus. The stock carries $18.8 billion in market cap and 5.8% short interest.
On the power side, TD Cowen lifted targets on American Electric Power to $148 and Atmos Energy to $196, reflecting continued demand for utility infrastructure tied to AI data centres.
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