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Market Shifts: Palantirs Growth, Nikes Leadership, and Sonys New Releases

AInvestThursday, Oct 17, 2024 6:00 pm ET
1min read
1. Palantir Technologies (NYSE: PLTR)
Palantir Technologies dipped mildly by -2.55%. Mizuho maintains an Underperform rating on Palantir with a new target price of $30.00. Palantir's revenue for the first half of 2024 reached $1.312 billion, a year-over-year increase of 23.99%. Recent insider trading activity was disclosed.

2. Block (NYSE: SQ)
Block dipped mildly by -2.58%. BMO Capital maintains an "Outperform" rating on Block with a target price of $92. Block reported $12.13 billion in revenue for the first half of 2024, up by 15.08% year-over-year.

3. Vertiv Holdings (NYSE: VRT)
Vertiv Holdings dipped mildly by -2.59%. Vertiv Holdings has been maintained at Outperform by Mizuho, Oppenheimer, and Evercore ISI Group with price targets of $110.00, $115.00, and $125.00 respectively, while B of A Securities maintains a Buy rating at $130.00, and Jefferies initiates with a Buy at $125.00.

4. Nike (NYSE: NKE)
Nike dipped mildly by -2.62%. Nike is undergoing significant leadership changes, with new global and China CEOs appointed. The company aims to drive growth in the outdoor segment with All Conditions Gear, focusing heavily on the Chinese market as part of its strategic pivot.

5. Sony Group (NYSE: SONY)
Sony Group dipped mildly by -2.71%. Sony celebrates its 30th PS5 anniversary with 17,000 people vying for limited edition units. Sony A6600 and ZV-1 camera prices drop, while a new full-frame mirrorless camera is set for a November release. A new Xperia 1 VI color launched in Europe.
Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.