Tech Stocks See Mild Dips: Palantir, Block, Vertiv, Nike, Sony Updates

1. Palantir Technologies (NYSE: PLTR)
Palantir Technologies dipped mildly by -2.55%. Jefferies maintains its Hold rating on Palantir Technologies and raises the price target to $28. Additionally, on July 22, Palantir disclosed three insider trading activities, including CFO David A. Glazer selling 90,000 shares on July 18.

2. Block (NYSE: SQ)
Block dipped mildly by -2.58%. Macquarie and Deutsche Bank both maintain ratings of Outperform and Buy on Block, respectively, with target prices of $100.00 and $98.00. William Blair upgraded Block to Outperform. Block reported Q1 2024 revenue of $5.957 billion, up 19.38% year-over-year, with net profit at 4.7.

3. Vertiv Holdings (NYSE: VRT)
Vertiv Holdings dipped mildly by -2.59%. Vertiv Holdings reported first half of fiscal 2024 income of $35.92 billion, with net profit up 28.99% year-over-year to $1.72 billion. Goldman Sachs maintained a buy rating with a target price of $104. Vertiv maintains top position in China's UPS market for the 16th year.

4. Nike (NYSE: NKE)
Nike dipped mildly by -2.62%. NIKE tops the Olympic brand value ranking. On July 25, TD Cowen maintained a "Hold" rating on NIKE, lowering the price target to $71. On July 24, NIKE launched a new "Electric" series to support athletes with updated core technologies.

5. Sony Group (NYSE: SONY)
Sony Group dipped mildly by -2.71%. Sony's PlayStation showcased numerous games at ChinaJoy, with several titles offering demos for the first time. Additionally, Sony's cloud handheld device, Portal, will launch in September 2024. Sony also plans to release two new lenses and the α7M5 camera this year.