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Mizuho Bank raised its price target for Target (TGT.N) from $122 to $150.

2026-08-20

Mizuho Bank raised its price target for Target (TGT.N) from $122 to $150.

Other News
2026-08-20

Citadel Securities says signs of widening demand elasticity are emerging in the AI market. Since end‑June, the usage‑weighted token price has fallen about 40%, yet H100 GPU rental rates have rebounded from June lows and the top 1% of AI‑spending firm

Citadel Securities says signs of widening demand elasticity are emerging in the AI market. Since end‑June, the usage‑weighted token price has fallen about 40%, yet H100 GPU rental rates have rebounded from June lows and the top 1% of AI‑spending firms saw per‑user spend rise roughly 49% MoM in July. Combined revenue at hyperscale cloud providers reached $106.3bn in Q2, up about 43% YoY, indicating new compute capacity is finding paying demand. Market metrics for AI economics are shifting from raw token prices to cost per completed effective task. Capable open‑source models can cut customer costs while preserving near‑comparable outputs, expanding usage and supporting GPU and cloud demand but weakening pricing power of closed‑source frontier models. Citadel cautions the compute‑price market is still young and opaque; current high utilization does not guarantee a multi‑year supply‑demand balance, and large efficiency gains from architecture changes could reduce compute demand below levels implied by existing capex.
2026-08-20

Iran's foreign minister Araghchi said many of Trump's remarks are intended to divert US public attention from a domestic financial crisis — namely record US debt and a sharp rise in bank interest rates.

Iran's foreign minister Araghchi said many of Trump's remarks are intended to divert US public attention from a domestic financial crisis — namely record US debt and a sharp rise in bank interest rates.
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