Palantirs Record Profits, Blocks New Partnership, and Sonys PS5 Pro Unveiling
Market BriefTuesday, Nov 5, 2024 5:00 pm ET
1min read1. Palantir Technologies (NYSE: PLTR)
Palantir Technologies dipped mildly by -2.55%. Palantir Technologies announced a 26.06% year-over-year revenue increase to $20.38 billion for Q3 2024, with a record net profit of $1.44 billion driven by strong AI software demand. Full-year revenue projections were revised upwards due to robust government spending.
2. Block (NYSE: SQ)
Block dipped mildly by -2.58%. Block partnered with Lyft to enable Cash App Pay for ride payments. RBC Capital reiterated its outperform rating with an $88 target, while Citigroup added Block to a negative catalyst watchlist, citing risks to 2025 guidance. Block reported a 15% revenue growth in mid-2024.
3. Vertiv Holdings (NYSE: VRT)
Vertiv Holdings dipped mildly by -2.59%. Vertiv Holdings reported a 53.25% increase in net profit for the first three quarters of fiscal 2024, with revenue of $56.65 billion. Analysts from TD Cowen, Evercore ISI, Mizuho, and B of A Securities maintain positive ratings with price targets of $115, $135, $125, and $140, respectively.
4. Nike (NYSE: NKE)
Nike dipped mildly by -2.62%. Consumers have widely complained about quality issues with Nike shoes sold in Li Jiaqi's livestream, leading Nike to offer refunds. Nike's Q1 2025 financial report indicates a 10% global revenue drop and a 28% profit decline, with a strategy shift in leadership to address challenges.
5. Sony Group (NYSE: SONY)
Sony Group dipped mildly by -2.71%. Sony will discontinue its Airpeak S1 drone by March 31, ending parts production simultaneously. Sony has also unveiled its PS5 Pro with upgraded specs and will release it on November 7. Moreover, Sony acquired KinaTrax to explore biomechanics and athlete performance.
Palantir Technologies dipped mildly by -2.55%. Palantir Technologies announced a 26.06% year-over-year revenue increase to $20.38 billion for Q3 2024, with a record net profit of $1.44 billion driven by strong AI software demand. Full-year revenue projections were revised upwards due to robust government spending.
2. Block (NYSE: SQ)
Block dipped mildly by -2.58%. Block partnered with Lyft to enable Cash App Pay for ride payments. RBC Capital reiterated its outperform rating with an $88 target, while Citigroup added Block to a negative catalyst watchlist, citing risks to 2025 guidance. Block reported a 15% revenue growth in mid-2024.
3. Vertiv Holdings (NYSE: VRT)
Vertiv Holdings dipped mildly by -2.59%. Vertiv Holdings reported a 53.25% increase in net profit for the first three quarters of fiscal 2024, with revenue of $56.65 billion. Analysts from TD Cowen, Evercore ISI, Mizuho, and B of A Securities maintain positive ratings with price targets of $115, $135, $125, and $140, respectively.
4. Nike (NYSE: NKE)
Nike dipped mildly by -2.62%. Consumers have widely complained about quality issues with Nike shoes sold in Li Jiaqi's livestream, leading Nike to offer refunds. Nike's Q1 2025 financial report indicates a 10% global revenue drop and a 28% profit decline, with a strategy shift in leadership to address challenges.
5. Sony Group (NYSE: SONY)
Sony Group dipped mildly by -2.71%. Sony will discontinue its Airpeak S1 drone by March 31, ending parts production simultaneously. Sony has also unveiled its PS5 Pro with upgraded specs and will release it on November 7. Moreover, Sony acquired KinaTrax to explore biomechanics and athlete performance.
Disclaimer: The news articles available on this platform are generated in whole or in part by artificial intelligence and may not have been reviewed or fact checked by human editors. While we make reasonable efforts to ensure the quality and accuracy of the content, we make no representations or warranties, express or implied, as to the truthfulness, reliability, completeness, or timeliness of any information provided. It is your sole responsibility to independently verify any facts, statements, or claims prior to acting upon them. Ainvest Fintech Inc expressly disclaims all liability for any loss, damage, or harm arising from the use of or reliance on AI-generated content, including but not limited to direct, indirect, incidental, or consequential damages.
Comments
No comments yet