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 swept through the storage sector with aggressive target price upgrades on Sunday.
Seagate Technology received the biggest lift. Rakers raised his target from $700 to $900, a 29% jump, while keeping a Hold rating. The stock carries a $199 billion market cap. Short interest sits at just 4.1% of free float.
Western Digital also benefited. Wells Fargo raised its target from $500 to $575. The Buy-rated stock has a market cap of $183 billion. Short interest is higher at 8.8% of free float.
Intel got a $25 target bump, moving from $85 to $110. Wells Fargo kept its Hold rating but the move signals growing confidence in the chipmaker's recovery.
Elsewhere, Piper Sandler lifted its target on Alphabet to $445 from $425. Wells Fargo raised to $650 from $625.
AutoZone saw a consensus upgrade across the analyst community. The average target price ticked up to $3,938. The auto parts retailer now holds 22 Buy ratings.
PayPal and Coinbase saw minor target price cuts. PayPal's average target dipped to $51.35 from $52.53.
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.
