Market Shifts: Palantirs Growth, Nikes Leadership, and Sonys New Releases
Thursday, Oct 17, 2024 6:00 pm ET
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.
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.