Analysts raised price targets across the board on AVGO and CRWD this week. Both stocks triggered waves of upgrades and target hikes.
Broadcom drew the most attention. JP Morgan's Harlan Sur lifted his target to $580 from $500. Jefferies followed with a raise to $550. The consensus target moved to $511 from $487. Broadcom's $2.3 trillion market cap reflects its dominance in AI chips and networking.
CrowdStrike saw dramatic target moves. Canaccord Genuity's Kingsley Crane jumped his target to $675 from $400 — a 69% increase. Bernstein raised to $413 from $368. The consensus target surged to $674 from $571. Short interest on CRWD sits at just 3% of free float, suggesting bears are not betting against the rally.
Not all the action was bullish. Jefferies downgraded CMS Energy to Hold from Buy. The new target dropped to $74 from $88 — a 16% cut. Analyst Julien Dumoulin-Smith cited limited upside after recent gains in utility stocks.
RTX got a rare positive call. Jefferies upgraded the defense contractor to Buy from Hold. The new target stands at $220. also saw JP Morgan raise its target to $590 from $560, keeping a Hold rating.
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.
