The Street
Analyst resets Palantir stock price target ahead of Q2 earnings TheStreet Daily Newsletter
Finance
Economy
Technology
Palantir shares were down 1.95% in premarket trading to $28.11, but still maintain a year-to-date gain of around 70%.
2024-07-25 22:59:45
Stocks
Tech
Business
Analysts adjust price targets for Tesla and Google after disappointing Q2 earnings
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The Q2 earnings reports from Tesla and Google have led analysts to revise their price targets for the companies. Tesla reported lower-than-expected earnings, leading to a drop in its stock price.
Analysts have noted the challenges that Tesla faces in achieving its ambitious vision for the future, including regulatory hurdles and profitability concerns. Google, on the other hand, reported strong growth in its cloud division and core search business.
However, concerns over the company's accelerated spending on AI-driven initiatives have led analysts to question whether revenue growth can outpace expenses in the long term. Overall, the Q2 earnings reports have had a significant impact on the stock prices of both companies, highlighting the importance of financial performance and investor confidence in the tech industry.
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The Street
Tesla reverses course on a tough workforce decision TheStreet Daily Newsletter
Technology
Economy
Tesla, led by Elon Musk, reverses layoffs by hiring 800 workers, particularly in AI, robotics like Tesla Bot. The company attributes the previous job cuts to rapid growth and duplicated job functions. Musk also shifted focus to AI and robotics, delaying the self-driving robotaxi vehicle unveiling. Tesla plans to unveil second-quarter earnings soon, revealing a 4.8% decrease in vehicle deliveries.
The Street
Analysts revamp Google parent stock price target into Q2 earnings TheStreet Daily Newsletter
Technology
Finance
Economy
Alphabet shares dipped despite bullish analyst note ahead of Q2 earnings. Google parent added $520B in market value on AI, search dominance. Analysts see $197B in search revenue this year, $217B by 2025, boosted by AI chatbot Gemini. YouTube revenue expected to reach $37B in 2024, $43B in 2025. Google Cloud to grow 28%, boosted by generative AI. Alphabet plans $70B buyback, first-ever dividend after strong Q1. Biden administration set Jan 19 deadline for TikTok parent ByteDance to divest U.S...
The Street
Analyst revises Trade Desk stock price target ahead of earnings TheStreet Daily Newsletter
Finance
Technology
Politics
Wolfe Research analyst Shweta Khajuria initiated coverage of The Trade Desk with an outperform rating and $115 price target, citing the company's attractive, scalable business model, healthy topline growth, high margins, and leadership position in product suite, innovation, and execution. Analysts across the board are bullish on The Trade Desk's growth potential.
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