Wall Street analysts turned heavily bullish on AI-linked hardware names this week. Dell Technologies drew the most dramatic target price moves. Piper Sandler's James Fish raised his target to $497. Wells Fargo's Aaron Rakers went even higher, lifting his target to $505 from $270. Both analysts maintain Buy ratings. Dell's market cap sits at $137 billion.
F5, Inc. also got a significant boost. Piper Sandler raised its target to $423 from $356, keeping a Buy rating. F5's network delivery and security products are seen as direct beneficiaries of AI infrastructure spending.
Micron Technology saw its consensus target price rise to $702.97 from $674.23. That puts the average analyst upside call well above the $1 trillion market cap stock's current price range.
Not all calls went upward. Wells Fargo cut its target on Autodesk to $330 from $350. Analyst Michael Turrin kept a Buy rating but flagged execution risks. Stanley Black & Decker also saw a target cut. Morgan Stanley trimmed to $84 from $87 on a Hold rating.
In energy, consensus targets nudged higher for Targa Resources and Devon Energy. Gold miner Newmont Corporation also attracted upward target revisions as gold prices remain elevated.
The broad pattern: analysts are rewarding AI infrastructure exposure and staying cautious on industrial and software names with near-term margin questions.
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.
