Edited by Peter Hillerberg1 min readStories are generated from ORTEX data and reviewed by the ORTEX team. How we publish
Seagate Technology STX drew the sharpest move of the day. Analysts downgraded the storage giant, pulling consensus lower. The average target price sits at $814.95. Despite the downgrade, short interest remains low at just 3.9% of free float.
Gilead Sciences saw its consensus target trimmed to $157.04 from $157.83. The biotech has a $162bn market cap. Analyst sentiment has been softening, with zero buy ratings in the current consensus.
Ralph Lauren was a bright spot. Analysts lifted the target price twice in quick succession — first to $414.95, then to $416.48. The luxury apparel firm carries a $12.7bn market cap. Short interest at 7.7% of free float gives the stock some squeeze potential on any further upgrades.
Ross Stores also received back-to-back target upgrades. The average target moved from $241.24 to $245.59. Defensive retail names are clearly back in favour with the street.
NVIDIA saw a target price increase to $293.51. The chip giant continues to attract bullish revisions as AI spending holds firm.
Workday rounded out the software upgrades, with its average target nudging higher to $179.03.
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data and reviewed by the ORTEX team. Content is informational only and does not constitute investment advice.
