Tech Giants Q2 Moves: Palantir, Block, Vertiv, Nike, Sony Insights

1. Palantir Technologies (NYSE: PLTR)
Palantir Technologies dipped mildly by -2.55%. Citigroup and Jefferies both maintain neutral/hold ratings on Palantir, setting the price target at $28. Palantir reported Q1 2024 revenue of $634 million, a 20.78% YoY increase. Insider trading disclosures show Glazer David A. sold 90,000 shares on July 18, 2024.

2. Block (NYSE: SQ)
Block dipped mildly by -2.58%. Block will report its Q2 2024 financial results after market close on August 1, 2024. Morgan Stanley maintains an underweight rating with a $55.00 price target. Macquarie maintains an outperform rating with a $100.00 price target. William Blair upgrades Block to outperform.

3. Vertiv Holdings (NYSE: VRT)
Vertiv Holdings dipped mildly by -2.59%. Vertiv Holdings reported a 28.99% year-over-year increase in net income for the first half of fiscal 2024, with revenues reaching $35.92 billion and net income at $1.72 billion. Additionally, Goldman Sachs maintained a buy rating for the company with a target price of $104.00.

4. Nike (NYSE: NKE)
Nike dipped mildly by -2.62%. Nike leads Olympic brand value ranking; launches new "Air" series for athletes. TD Cowen recently maintained a Hold rating on Nike, reducing the price target to $71. Nike's 2024 annual report revealed revenues of $51.36 billion and net profit of $5.7 billion.

5. Sony Group (NYSE: SONY)
Sony Group dipped mildly by -2.71%. Sony provided CineAlt cameras to budding filmmakers at the 18th FIRST Film Festival. Sony PlayStation announced a $79.99 "Astro Bot" themed DualSense controller, available for pre-order on August 9. Sony unveiled multiple games for the first time at ChinaJoy 2024.