Analysts Turn Bullish on Semis and Cybersecurity

Analyst target prices moved broadly higher on Monday, with tech and infrastructure names leading the upgrades.

CrowdStrike attracted fresh attention as the consensus target rose to $510.76, up from $504.80. The cybersecurity giant carries a $151bn market cap. Analyst support remains strong, with 41 buy ratings versus just one sell. Short sellers are not pressing the trade — SI sits at just 3.1% of free float.

Applied Materials also saw its average target nudge up to $508.63. Chip equipment stocks have caught a bid as trade tensions ease and semiconductor demand recovers. AMAT commands a $346bn market cap.

The most clear-cut rating change was at American Tower. Analysts upgraded the cell tower REIT, pushing consensus from 18 buys to 19. The average target holds at $216.14. The tower sector has benefited from steady data demand growth.

On the downside, The Mosaic Company saw its target trimmed to $27.22 from $27.28. Fertiliser stocks remain under pressure from soft crop prices.

Campbell's also took a cut. Target fell to $23.24. The food group faces weak consumer spending and private-label competition.