Edited by Peter Hillerberg1 min readStories are generated from ORTEX data and reviewed by the ORTEX team. How we publish
Barclays analyst Tom O'Malley issued two striking target price upgrades on Tuesday, lifting his price target on STX from $750 to $1,000 — a 33% jump. He also raised his target on MU from $675 to $1,175, a 74% increase. Both stocks carry a Buy rating.
Seagate has a market cap near $190 billion. Micron just crossed $1 trillion. The moves suggest Barclays sees AI-driven demand for storage and memory running hotter than the market expects.
NVDA also got a boost. Tigress Financial's Ivan Feinseth lifted his target from $360 to $425, keeping a Buy rating. Nvidia carries consensus Buy ratings from 57 analysts.
On the downside, ZTS saw a consensus downgrade. Zoetis lost a Hold-equivalent vote, shifting the balance of analyst sentiment slightly more bearish. The animal health company now has 9 Hold ratings versus 11 Buys.
AZO had a mixed session. DA Davidson's Michael Baker cut his target from $4,300 to $3,750. A separate recommendation was also removed from the consensus. AutoZone carries a strong Buy consensus from 20 analysts overall.
HON rounded out the upgrades. Barclays raised its target on Honeywell from $243 to $251, maintaining a Buy. The industrial giant has 15 Buy ratings in total.
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.
