Analysts are turning bullish on semiconductors. Micron Technology saw its consensus target price climb to $674, up from $653. The memory chipmaker carries a $1 trillion market cap. Short interest sits at just 3.1% of free float — bears are scarce.
Mizuho made the boldest single call of the day. The bank upgraded ON Semiconductor to Buy and lifted its target to $150, up sharply from $130. ON's short interest is 8.7% of free float. That elevated short position could amplify any rally if buyers pile in.
Synopsys also picked up a target boost, with the consensus price rising to $555. EDA software names are riding AI-driven chip design demand.
Not all calls were positive. Boston Scientific was downgraded, with its consensus slipping from 30 buy ratings to 29. The medtech giant's average target dipped to $81.75.
HP Inc. stood out in hardware. Its consensus target jumped to $22.09 from $19.68 — a 12% lift. Short interest at 12.8% of free float means shorts could face pressure if momentum builds.
Consumer staples saw cuts. General Mills and Conagra Brands both had targets trimmed, reflecting continued pressure on packaged food stocks.
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.
