Wells Fargo dominated analyst activity on Thursday, firing off multiple target price upgrades across tech.
CrowdStrike received the boldest call. Analyst Michael Turrin lifted his target to $700 from $525 — a 33% jump. He maintained a Buy rating. The cybersecurity firm carries a $165 billion market cap. Short interest sits at just 3% of free float, signaling little bearish pushback.
Also from Wells Fargo, Joe Quatrochi raised his target on Analog Devices to $515 from $470, keeping a Buy. The chip maker's market cap tops $193 billion.
Intuit drew a rare consensus target cut. The average analyst target fell to $540 from $592 — a $52 drop. That's a 9% trim on the tax and accounting software group. Short interest remains low at 3.8% of free float, so sellers are not piling in yet.
RBC Capital also made two calls. Steven Shemesh raised his target on Target to $153 from $132, upgrading to Buy. Srini Pajjuri lifted NVIDIA to $270 from $250, also maintaining Buy.
The pattern is clear: analysts are growing more selective. Tech infrastructure and cybersecurity attract upgrades. Consumer-facing software faces pressure.
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