According to ChainCatcher, Wells Fargo lowered its price targets for several major technology companies. The bank cut its target for SanDisk from $1,550 to $1,300. Amazon’s target was trimmed from $329 to $326. Intel saw the sharpest reduction, with its target lowered from $120 to $80. Wells Fargo also reduced its target for Alphabet, Google’s parent company, from $417 to $371. The update lists the revised targets only and does not include any added rationale in the source text.
According to ChainCatcher, Wells Fargo lowered price targets for several technology companies.
- SanDisk: from $1,550 to $1,300;
- Amazon: from $329 to $326;
- Intel: from $120 to $80;
- Alphabet, Google’s parent company: from $417 to $371.
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