Tech Giants Forecast Bright Q3 Amid AI Surge, Strategic Moves Unveiled
Monday, Oct 21, 2024 6:00 pm ET
1min read 1. Palantir Technologies (NYSE: PLTR)
Palantir Technologies dipped mildly by -2.55%. Wedbush predicts a strong Q3 for tech giants fueled by AI and digital ads resurgence. Mizuho maintains an "Underperform" rating on Palantir with a $30 target. Palantir disclosed insider transactions, including sales by Lauren Friedman and purchases by Taylor Ryan D. Ark Invest highlights Palantir's disruptive potential.
2. Block (NYSE: SQ)
Block dipped mildly by -2.58%. Block's performance was reaffirmed as outperform by RBC Capital with a target price of $88. Citi included Block on a 30-day negative catalyst watch but maintained a buy rating with a $90 target. Block collaborates with Lyft for Cash App Pay integration in ride payments.
3. Vertiv Holdings (NYSE: VRT)
Vertiv Holdings dipped mildly by -2.59%. Vertiv Holdings will report its third-quarter financial results on 2024-10-23. Mizuho, B of A Securities, Oppenheimer, and Evercore ISI Group have maintained positive ratings on Vertiv Holdings with target prices of $110, $130, $115, and $125, respectively.
4. Nike (NYSE: NKE)
Nike dipped mildly by -2.62%. Nike extends its partnership with NBA, WNBA, and NBA G League until 2037. Amid its focus on outdoor investments, particularly All Conditions Gear, Nike also announced leadership changes in China, revealing plans to bolster its performance post-challenging year.
5. Sony Group (NYSE: SONY)
Sony Group dipped mildly by -2.71%. Sony Group and Honda will introduce AI autonomous driving features in their co-developed premium electric vehicle "Afeela," set to launch in Japan and the US in 2026. This marks the first public introduction of such capabilities in a Japanese car.
Palantir Technologies dipped mildly by -2.55%. Wedbush predicts a strong Q3 for tech giants fueled by AI and digital ads resurgence. Mizuho maintains an "Underperform" rating on Palantir with a $30 target. Palantir disclosed insider transactions, including sales by Lauren Friedman and purchases by Taylor Ryan D. Ark Invest highlights Palantir's disruptive potential.
2. Block (NYSE: SQ)
Block dipped mildly by -2.58%. Block's performance was reaffirmed as outperform by RBC Capital with a target price of $88. Citi included Block on a 30-day negative catalyst watch but maintained a buy rating with a $90 target. Block collaborates with Lyft for Cash App Pay integration in ride payments.
3. Vertiv Holdings (NYSE: VRT)
Vertiv Holdings dipped mildly by -2.59%. Vertiv Holdings will report its third-quarter financial results on 2024-10-23. Mizuho, B of A Securities, Oppenheimer, and Evercore ISI Group have maintained positive ratings on Vertiv Holdings with target prices of $110, $130, $115, and $125, respectively.
4. Nike (NYSE: NKE)
Nike dipped mildly by -2.62%. Nike extends its partnership with NBA, WNBA, and NBA G League until 2037. Amid its focus on outdoor investments, particularly All Conditions Gear, Nike also announced leadership changes in China, revealing plans to bolster its performance post-challenging year.
5. Sony Group (NYSE: SONY)
Sony Group dipped mildly by -2.71%. Sony Group and Honda will introduce AI autonomous driving features in their co-developed premium electric vehicle "Afeela," set to launch in Japan and the US in 2026. This marks the first public introduction of such capabilities in a Japanese car.
