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. Content is informational only and does not constitute investment advice.
