Tech and Retail Giants See Mild Dips Amid Ratings, Upgrades, and New Releases

1. Palantir Technologies (NYSE: PLTR)
Palantir Technologies dipped mildly by -2.55%. Citigroup and Jefferies both maintain their ratings on Palantir Technologies, with Citigroup maintaining a "Neutral" rating and Jefferies holding a "Hold" rating. Both firms have raised the target price to $28.00. Palantir's Q1 2024 revenue was $6.34 billion.

2. Block (NYSE: SQ)
Block dipped mildly by -2.58%. Block will report its second-quarter financial results on August 1, 2024. Morgan Stanley maintains an underweight rating with a $55 target. Macquarie maintains an outperform rating with a $100 target. William Blair upgraded Block to outperform. An insider sold 2,500 shares on July 15, 2024.

3. Vertiv Holdings (NYSE: VRT)
Vertiv Holdings dipped mildly by -2.59%. Vertiv Holdings reported revenue of $35.92 billion and net profit of $1.72 billion in the first half of fiscal 2024, with a 28.99% year-over-year growth in net profit. Goldman Sachs maintained a buy rating with a revised target price of $104.00.

4. Nike (NYSE: NKE)
Nike dipped mildly by -2.62%. Nike reported fiscal 2024 revenue of $51.362 billion and net profit of $5.7 billion. Nike maintains a "hold" rating from TD Cowen, with a revised target price of $71. Nike remains a leading brand in the Olympic games.

5. Sony Group (NYSE: SONY)
Sony Group dipped mildly by -2.71%. Sony announced a DualSense wireless controller themed "Astro Bot" for $79.99, available for pre-order on August 9; PC version of "Bloodborne" successfully tested by players; PS VR2 sales surged after a $200 price drop; CineAlt cameras supported filmmakers at the FIRST festival.