Edited by Peter Hillerberg1 min readStories are generated from ORTEX data and reviewed by the ORTEX team. How we publish
Wells Fargo analyst Aaron Rakers made two bold calls this week. He raised his target on DELL to $505 from $270. That is an 87% jump in the price target. He also lifted NTAP to $180 from $115 — a 57% hike — while keeping a Hold rating.
Dell carries a $103 billion market cap. Short interest sits at just 6.7% of free float. That low short positioning leaves little fuel for a squeeze, but it also signals the market is not fighting the bull case.
NetApp short interest is higher at 11.7% of free float. A big target upgrade while shorts remain elevated is a notable divergence worth watching.
MU also drew attention. The consensus target rose to $702.98 from $674.23 as multiple analysts raised price goals. Micron's market cap has crossed $1 trillion. Short interest is just 3.1% of free float.
Elsewhere, SYK saw its average target edge down slightly to $389.24. Stryker remains well-covered with 29 analysts following it. The marginal cut reflects caution after a strong run.
DVN got a target upgrade too. Devon Energy's consensus target ticked up to $61.24. Energy names remain in focus as oil price volatility persists.
The week's clearest theme: analysts are chasing AI infrastructure spending. Dell is at the centre of that trade.
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.
