Palantir, Block, Vertiv, Nike, and Sony: Key Earnings Highlights and Market Reactions

1. Palantir Technologies (NYSE: PLTR)
Palantir Technologies dipped mildly by -2.55%. Goldman Sachs and Raymond James maintain neutral and outperform ratings on Palantir, respectively, with revised price targets of $16.00 and $30.00. RBC Capital reiterates underperform with a $9.00 target. Palantir's mid-2024 report shows $1.312 billion revenue, up 23.99% year-over-year.

2. Block (NYSE: SQ)
Block dipped mildly by -2.58%. Block reported $121.13 billion in revenue and $6.61 billion in net profit for the half year ending June 30, 2024. Multiple firms including Needham, Wells Fargo, RBC Capital, Benchmark, and BMO Capital have maintained positive ratings on Block with target prices ranging from $80 to $99.

3. Vertiv Holdings (NYSE: VRT)
Vertiv Holdings dipped mildly by -2.59%. Vertiv Holdings reported H1 2024 revenue of $3.592 billion with a net income of $172 million. Mizuho upgraded Vertiv Holdings to Outperform and set a price target at $92. Goldman Sachs maintained a Buy rating with a price target of $104. CFO Fallon David Joseph bought shares.

4. Nike (NYSE: NKE)
Nike dipped mildly by -2.62%. Nike disclosed two insider trading activities on August 5, 2024, with board member John Donahoe selling 10,600 shares on August 1, 2024. Additionally, former Nike executives criticized the company's marketing strategy.

5. Sony Group (NYSE: SONY)
Sony Group dipped mildly by -2.71%. Sony Group reported first-quarter fiscal 2025 results with net income of 2316.38 billion yen, up 6.5% year-over-year. Operating profit rose 10% to 2791 billion yen, driven by strong performance in the image sensor business. PS5 cumulative sales reached 61 million units.