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.
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