Market Pressure: Wall Street faced renewed pressure, particularly the tech-heavy Nasdaq Composite, which dropped as much as 2% due to faltering momentum in the artificial intelligence sector.
Concerns from Broadcom: Broadcom reported tightening margins and an AI order backlog that did not meet investor expectations, raising concerns about industry demand.
Delays in Infrastructure: Reports indicated that Oracle-run data centers supporting OpenAI would experience delays, pushing completion dates from 2027 to 2028, further dampening market sentiment.
Impact on High-Growth Stocks: The combination of negative guidance from chipmakers and infrastructure setbacks led to broad selling in high-growth stocks, with several major AI-linked companies significantly contributing to the Nasdaq's decline.
Wall Street analysts forecast IND stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for IND is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast IND stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for IND is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
0 Hold
0 Sell
Current: 23.664
Low
Averages
High
Current: 23.664
Low
Averages
High
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
