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%.
2024-07-26 14:59:09
Stocks
Tech
Artificial Intelligence
Analysts Reset Price Targets for Tesla, Google, Apple, Palantir, Seagate, Amazon
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Analysts have been busy revising price targets for several major tech companies after their latest earnings reports. Tesla's Q2 earnings missed expectations, leading to revised targets as analysts weigh the long-term potential of the company's autonomy, energy storage, and zero emission vehicle income.
Google's parent company, Alphabet, reported strong Q2 earnings, but concerns over AI-driven capital spending led to mixed views on its stock. Apple is developing a foldable iPhone and plans to integrate AI-powered tasks into its ecosystem, prompting analysts to adjust price targets ahead of earnings.
Palantir's stock maintained a year-to-date gain despite a 1.95% dip, while Seagate saw its targets raised due to HDD technology leadership and AI-related deployments. Finally, Amazon's successful Prime Day and advertising revenue growth led to adjusted price targets.
Overall, analysts are closely monitoring these tech giants as they navigate the evolving landscape of AI and emerging technologies.
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The Street
Analyst reboots Amazon price target ahead of earnings TheStreet Daily Newsletter
Economy
Technology
Finance
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