STONK STORIES BROKER WATCH — 30 May 2026

STONK STORIES BROKER WATCH — 30 May 2026 Nasdaq broker price-target changes this week

The broker tape had a clear theme: AI infrastructure is still getting rewarded, but analysts are starting to separate the “capacity winners” from anything where growth or valuation looks stretched.

Biggest positive revisions found:

• MU: UBS raised Micron to $1,625 from $535. That is the loudest memory-chip call in the scan and keeps HBM/AI memory at the centre of the semiconductor story.
• NVDA: Tigress lifted its objective to $425 from $360; Rothschild & Co Redburn also raised to $300 from $280. The Street is still chasing Nvidia’s earnings power, not stepping away from it.
• NTAP: Morgan Stanley moved to $137 from $88; Wedbush moved to $150 from $115. Storage is being pulled into the same AI data-centre spending narrative.
• TTMI: Stifel raised TTM Technologies to $205 from $175, citing AI growth. That points to more broker interest in the less-obvious hardware supply chain.
• AMBA: Susquehanna raised Ambarella to $110 from $90 after results; another edge-AI name getting broker attention.

Other Nasdaq raises:

• TXRH: TD Cowen raised Texas Roadhouse to $205 from $192.
• APA: Raymond James raised APA to $57 from $45.

The caution flag:

• ZS: Freedom Broker lowered Zscaler to $230 on growth concerns. Cybersecurity is still hot, but the Street is not giving every software name a free pass.

Stonk Story read: This week’s broker changes say the market still wants AI exposure, but the strongest upgrades are clustering around chips, storage, boards and data-centre plumbing — not generic “AI” labels. Watch whether this broadens into more mid-cap infrastructure names, or narrows back to the mega-cap winners.

Stories, not recommendations. Do your own research.