Lam Research leads today's analyst activity with a consensus upgrade. The chipmaker's average target price moved to $311.66 from $310.47. Short interest sits at just 2.4% of free float — bears have little presence here.
Ciena grabbed the biggest target price increase of the day. Analysts lifted the average target to $440.54 from $424.06 — a jump of more than $16. The networking gear maker carries only 3.1% SI % FF. Sentiment is clearly bullish after strong recent results.
Automatic Data Processing earned an upgrade to Buy from a prior Hold rating. The consensus now shows 2 Buys versus 3 previously at Hold. ADP trades with short interest below 3.5% of free float.
On the downside, Zoetis and Regeneron both saw target prices trimmed. Zoetis dropped to $126.24 from $128.18. Regeneron's average target fell to $859.84 from $867.88.
Walmart bucked the retail trend. Its target edged up to $137.66 despite peer and seeing cuts. also saw a modest target reduction to $397.15.
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.
