Seagate Soars on Bold JP Morgan Call

JP Morgan analyst Samik Chatterjee set a $920 price target on STX today. The new target is up sharply from $775. That implies roughly 18% upside from current levels. Seagate's $196 billion market cap reflects strong AI-driven storage demand. Short interest sits at just 4% of free float, suggesting few bears are fighting the bull case.

The day's biggest downgrade hit ADBE. Jefferies analyst Brent Thill cut his target to $230 from $290. He maintained a Hold rating. The $60 target reduction is a 21% slash. Adobe trades at an $88 billion market cap. Short interest is modest at 4.8% of free float, but the cut signals concern over AI competition pressuring creative software pricing.

FSLR was the day's brightest consensus upgrade. Analyst target prices rose to $245.77 from $243.58. The solar manufacturer carries 8.5% short interest. Bears remain active despite improving sentiment.

Freedom Broker initiated coverage across telecoms. AT&T got a Buy at $30. Verizon, Charter, and Comcast all received Hold ratings. Stifel raised CCL to $36, citing cruise demand resilience.