Analysts are making bold calls across tech this week. Two cybersecurity and chip names drew the most attention.
CrowdStrike saw a recommendation removed from the consensus pool. The $148 billion security giant's average analyst target still sits near $498. That move trimmed the buy-side count from 11 to 10 analysts.
Datadog picked up a fresh new recommendation. The cloud monitoring firm now carries 45 buy ratings. Its average consensus target stands at $221.63. The new initiation adds to an already overwhelmingly bullish analyst base.
Applied Materials received a high-profile new recommendation. The semiconductor equipment giant carries a $504 average target price. That is well above the prior consensus of $451. The gap signals the new analyst is significantly more bullish than peers.
On the upgrade front, Consolidated Edison moved higher. Analysts pushed the utility to a buy rating. C.H. Robinson Worldwide, the freight logistics firm, was also upgraded. Its consensus shifted one notch toward buy.
Pfizer saw a target price nudge higher to $29.19. American Express faced a slight target trim to $360.37.
The dominant theme: Wall Street is adding fresh conviction in cloud and chip infrastructure.
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.
