Analysts Split on Tech Bulls and Consumer Bears

Analyst target price activity picked up heading into the July 4th holiday week. The moves reveal a clear divide between optimism in tech and caution on consumer staples.

CrowdStrike saw its average analyst target nudge higher to $179.69. The cybersecurity giant carries a $197 billion market cap. 41 analysts cover the stock, with the bulk holding bullish views.

Tesla also received a target price lift. The consensus average now sits at $423.40. Despite the upgrade, 23 of 47 covering analysts still rate the stock a sell. The bear camp remains large.

On the bearish side, Constellation Brands had its target trimmed to $171.00. The beer and wine maker has faced pressure from shifting consumer trends. Short interest sits at 4.9% of free float — modest but worth watching.

Procter & Gamble also saw its target cut. Analysts lowered the average to $163.43. Consumer staples broadly face headwinds from slowing pricing power.

One bright spot: General Mills and ADP both saw targets raised. General Mills now averages $37.88. ADP's consensus target moved to $247.13.