Applovin, Airbnb, and GE Vernova Lead Market Surge with Stellar Growth
Tuesday, Sep 17, 2024 6:30 pm ET
1min read 1. Applovin (Nasdaq: APP)
Applovin surged by 6.36%. Applovin reported a 45.9% year-over-year revenue increase to $21.38 billion for H1 2024, with a net profit of $5.46 billion. UBS, BTIG, and B of A Securities all maintain buy ratings with price targets set at $145, $150, and $120, respectively.
2. Ferguson Enterprises (NYSE: FERG)
Ferguson Enterprises gained solidly by 5.0%. Ferguson Enterprises reported its Q4 fiscal 2024 results, with Jefferies maintaining a Buy rating and raising the price target to $250. Barclays maintained an Overweight rating with a $229 target. Ferguson's FY2024 income decreased by 0.95% to $216.89 billion.
3. United Rentals (NYSE: URI)
United Rentals gained solidly by 4.0%. United Rentals' Q2 revenue reached $7.258 billion, up 6.13% year-over-year. Evercore ISI maintained an "Outperform" rating with a $795 target, Truist Securities a "Buy" with an $873 target, and Goldman Sachs a "Buy" with a $905 target.
4. Airbnb (Nasdaq: ABNB)
Airbnb gained solidly by 3.89%. Airbnb's 2024 mid-year report shows revenue at $48.90 billion, a 13.67% increase, with net profit of $8.19 billion. Bernstein and Mizuho maintain outperform ratings with price targets of $155 and $170. Cantor Fitzgerald rates underperform with a $94 target.
5. Ge Vernova (NYSE: GEV)
Ge Vernova gained solidly by 3.76%. GE Vernova reports strong financial results with $154.63 billion in revenue and $11.74 billion net profit for H1 2024. RBC Capital, BofA Securities, Barclays, JP Morgan, and BMO Capital all give favorable ratings, with price targets ranging from $240 to $300.
Applovin surged by 6.36%. Applovin reported a 45.9% year-over-year revenue increase to $21.38 billion for H1 2024, with a net profit of $5.46 billion. UBS, BTIG, and B of A Securities all maintain buy ratings with price targets set at $145, $150, and $120, respectively.
2. Ferguson Enterprises (NYSE: FERG)
Ferguson Enterprises gained solidly by 5.0%. Ferguson Enterprises reported its Q4 fiscal 2024 results, with Jefferies maintaining a Buy rating and raising the price target to $250. Barclays maintained an Overweight rating with a $229 target. Ferguson's FY2024 income decreased by 0.95% to $216.89 billion.
3. United Rentals (NYSE: URI)
United Rentals gained solidly by 4.0%. United Rentals' Q2 revenue reached $7.258 billion, up 6.13% year-over-year. Evercore ISI maintained an "Outperform" rating with a $795 target, Truist Securities a "Buy" with an $873 target, and Goldman Sachs a "Buy" with a $905 target.
4. Airbnb (Nasdaq: ABNB)
Airbnb gained solidly by 3.89%. Airbnb's 2024 mid-year report shows revenue at $48.90 billion, a 13.67% increase, with net profit of $8.19 billion. Bernstein and Mizuho maintain outperform ratings with price targets of $155 and $170. Cantor Fitzgerald rates underperform with a $94 target.
5. Ge Vernova (NYSE: GEV)
Ge Vernova gained solidly by 3.76%. GE Vernova reports strong financial results with $154.63 billion in revenue and $11.74 billion net profit for H1 2024. RBC Capital, BofA Securities, Barclays, JP Morgan, and BMO Capital all give favorable ratings, with price targets ranging from $240 to $300.
