* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Saturday, September 6, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    ITV Studios Launches New Entertainment Label – Global Bulletin – IMDb

    ITV Studios Unveils Exciting New Entertainment Label

    TS Entertainment bringing Malibu Jack’s to former Owensboro mall – Lane Report

    TS Entertainment Launches Malibu Jack’s at Former Owensboro Mall Location

    Jenny Han Dropped a Major ‘The Summer I Turned Pretty’ Easter Egg Revealing [SPOILER] – yahoo.com

    Jenny Han Just Unveiled a Huge ‘The Summer I Turned Pretty’ Easter Egg That Changes Everything [SPOILER]

    Liam Payne’s Cousin Ross Harris Honors Late Singer With Emotional Song ‘Bones’ – yahoo.com

    Liam Payne’s Cousin Ross Harris Honors Late Singer with Emotional New Song ‘Bones

    Country music star apologizes after drunken show ends with cops taking him down: ‘I’m not OK’ – PennLive.com

    Country Music Star Apologizes After Drunken Show Ends in Police Intervention: ‘I’m Not OK

    Comanche Nation Entertainment closes casino near Devol – KSWO 7News

    Comanche Nation Entertainment Closes Casino Near Devol in Surprising Move

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Coherent Joins LLNL’s STARFIRE Diode Technology Working Group to Advance Inertial Fusion Energy – GlobeNewswire

    Coherent Partners with LLNL’s STARFIRE Team to Drive Breakthroughs in Inertial Fusion Energy

    Gene Associated With Deadly Heart Disease in Golden Retrievers Identified – Technology Networks

    Breakthrough Discovery Uncovers Gene Behind Deadly Heart Disease in Golden Retrievers

    Monkey Island LNG Picks ConocoPhillips’ Liquefaction Technology – Hart Energy

    Monkey Island LNG Selects ConocoPhillips’ Advanced Liquefaction Technology for Next-Gen Energy Solutions

    Credo Technology Group Holding Ltd. (CRDO) Surpasses Q1 Earnings and Revenue Estimates – Yahoo Finance

    Credo Technology Group Surpasses Q1 Earnings and Revenue Expectations

    The Economist is hiring a science and technology correspondent – The Economist

    Exciting Opportunity: Become Our Next Science and Technology Correspondent!

    Blockchain lender Figure Technology seeks to raise up to $526M in IPO (FIGR:Pending) – Seeking Alpha

    Blockchain Lender Figure Technology Sets Sights on $526M in Thrilling IPO Launch

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    ITV Studios Launches New Entertainment Label – Global Bulletin – IMDb

    ITV Studios Unveils Exciting New Entertainment Label

    TS Entertainment bringing Malibu Jack’s to former Owensboro mall – Lane Report

    TS Entertainment Launches Malibu Jack’s at Former Owensboro Mall Location

    Jenny Han Dropped a Major ‘The Summer I Turned Pretty’ Easter Egg Revealing [SPOILER] – yahoo.com

    Jenny Han Just Unveiled a Huge ‘The Summer I Turned Pretty’ Easter Egg That Changes Everything [SPOILER]

    Liam Payne’s Cousin Ross Harris Honors Late Singer With Emotional Song ‘Bones’ – yahoo.com

    Liam Payne’s Cousin Ross Harris Honors Late Singer with Emotional New Song ‘Bones

    Country music star apologizes after drunken show ends with cops taking him down: ‘I’m not OK’ – PennLive.com

    Country Music Star Apologizes After Drunken Show Ends in Police Intervention: ‘I’m Not OK

    Comanche Nation Entertainment closes casino near Devol – KSWO 7News

    Comanche Nation Entertainment Closes Casino Near Devol in Surprising Move

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Coherent Joins LLNL’s STARFIRE Diode Technology Working Group to Advance Inertial Fusion Energy – GlobeNewswire

    Coherent Partners with LLNL’s STARFIRE Team to Drive Breakthroughs in Inertial Fusion Energy

    Gene Associated With Deadly Heart Disease in Golden Retrievers Identified – Technology Networks

    Breakthrough Discovery Uncovers Gene Behind Deadly Heart Disease in Golden Retrievers

    Monkey Island LNG Picks ConocoPhillips’ Liquefaction Technology – Hart Energy

    Monkey Island LNG Selects ConocoPhillips’ Advanced Liquefaction Technology for Next-Gen Energy Solutions

    Credo Technology Group Holding Ltd. (CRDO) Surpasses Q1 Earnings and Revenue Estimates – Yahoo Finance

    Credo Technology Group Surpasses Q1 Earnings and Revenue Expectations

    The Economist is hiring a science and technology correspondent – The Economist

    Exciting Opportunity: Become Our Next Science and Technology Correspondent!

    Blockchain lender Figure Technology seeks to raise up to $526M in IPO (FIGR:Pending) – Seeking Alpha

    Blockchain Lender Figure Technology Sets Sights on $526M in Thrilling IPO Launch

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

Analysts See Tech Companies Leading the Rally Ahead of Q2 Earnings, Lifts Target Price Over 20% For 3 Tech Stocks

July 20, 2024
in Business
Analysts See Tech Companies Leading the Rally Ahead of Q2 Earnings, Lifts Target Price Over 20% For 3 Tech Stocks
Share on FacebookShare on Twitter

Wedbush Securities tech analyst Dan Ives has long maintained that today’s tech revolution is unlike anything seen since the 1990s despite the industry facing a slump in 2022.

However, the worst year for US stocks since 2008 didn’t change Ives’ optimistic outlook on the tech industry. “The bull market was under the covers; it just took time to come out after the macro and Fed fears cleared,” Ives stated in a recent interview. “We had a high level of confidence — even in 2022 — that we would be getting to this side of the mountain with the bulls leading in 2024.”

His forecast came to fruition in 2023 as investors piled into large-cap tech companies with exposure to AI, especially Nvidia and Microsoft. Late last year, Ives wrote that he expected another 20% gain for AI and cloud computing stocks, believing the “AI revolution is the strongest tech trend” in four decades.

“We believe 2Q earnings will be a major positive catalyst for the tech sector and expect tech stocks to be up another 15% for the year, adding to the robust tech gains in 1H 2024 as now the broader tech growth story takes centre stage led by software, cyber security, digital advertising, and semis,” Ives wrote in a July 14 note.

Tech Stocks Will Continue To Lead Rally

Despite high valuations and sentiments that the tech sector will finally take a breather after a record 2024 rally, Ives doesn’t see a market rotation away from the group. “Emphatically, we believe tech will continue to lead this rally,” he said, adding that anyone who thinks differently “will be proven wrong because the growth is so outsized in the tech sector.”

Ives predicts that despite stretched valuations, stocks will grow into them as earnings continue to beat Wall Street estimates on strong demand. “Tech stocks will go higher for the rest of the year not because of multiples, but as growth and earnings accelerate with the AI revolution driving this transformational growth wave vs. Street expectations,” Ives noted.

He explained that Wedbush’s research in the past month has given them “a high level of confidence that the AI revolution monetisation has now begun to hit its next gear of growth as the baton has been handed from semis to the software phase with use cases exploding across the board.”

Ives’ team is also tracking the top tech stocks and recently increased the stock target prices of three tech companies by over 20%.

Microsoft (Nasdaq: MSFT)

According to Microsoft CEO Satya Nadella, Microsoft Copilot and the Copilot stack are “orchestrating a new era of AI transformation” to drive better “business outcomes.” The company posted double-digit revenue and net income growth for the March-ended quarter as revenues from Microsoft Cloud jumped 23% year over year (YoY) to $35.1 billion.

With a market capitalisation of over $3.3 trillion, Microsoft’s integration of AI in business processes and new products is helping it increase revenue across segments like Intelligence Cloud and personal computing. The AI leader returned $8.4 billion to shareholders during the quarter through share repurchases and dividends.

Wedbush analysts had a price target of $550 for the stock, implying an almost 25% upside from its latest close of $440.37.

Palantir (NYSE: PLTR)

In a recent interview with BNN Bloomberg, Ives said Palantir Technologies is the “purest AI name in the market in terms of use cases.” Palantir offers enterprise AI software systems for machine-assisted data analysis and builds data fusion platforms like the Palantir Artificial Intelligence Platform (AIP) and the Palantir Foundry to push the boundaries of big data analytics.

The firm’s machine learning capabilities enabled it to consistently deliver for the US Department of Defense (DoD). In Q1, it extended and bagged new defence contracts. For instance, the US Army extended the ongoing Maven Smart System contract with Palantir for five more years. Palantir also secured a DoD Chief Digital and AI Office contract to make licenses of AI-powered operating systems across the department.

Meanwhile, the company expanded its partnership with Voyager Space to supply software data management products for the upcoming Starlab commercial space station. Palantir’s Q1 revenue increased 21% YoY to $634 million; almost $257 million came from US government contracts.

Ives’ target price for the stock was $35 apiece, implying an over 22% upside from its latest close of $28.64 on July 18.

Zscaler (Nasdaq: ZS)

Cloud security specialist Zscaler continues to witness high demand for its Zero Trust Exchange platform. For the quarter ending April, the company recorded 32% YoY revenue growth to $553.2 million.

The company has been on an acquisition spree, recently taking over Avalor Technology to enhance AI innovations by combining its datasets with Avalor’s Data Fabric for Security for improved vulnerability tracing. Zscaler also acquired Airgap Network to enhance Zero Trust Segmentation for IoT devices.

Elsewhere, the firm introduced an AI assistant called ZDX Copilot to its Zscaler Digital Experience service. The AI assistant harnesses knowledge from trillions of data points to provide insights to IT operations and security teams. For Q2, company management expects revenues of up to $567 million.

Wedbush analysts had a target price of $260 per share, implying an upside potential of over 30% from its latest close of 190.37.

Disclaimer: Our digital media content is for informational purposes only and not investment advice. Please conduct your own analysis or seek professional advice before investing. Remember, investments are subject to market risks and past performance doesn’t indicate future returns.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : IBTimes – https://www.ibtimes.co.uk/analysts-see-tech-companies-leading-rally-ahead-q2-earnings-lifts-target-price-over-20-3-tech-1725603

Tags: Analystsbusinesscompanies
Previous Post

‘We Will No Longer Attend Cultural Awareness Festivals’: Another US Company Joins Microsoft In Axing DEI Policies

Next Post

Just Stop Oil Co-Founder Jailed For 5 Years After 2022 M25 Protest That Affected Over 500K Vehicles

Blending art, culture and native plants at Wakamatsu – Mountain Democrat

Discover the Harmony of Art, Culture, and Native Plants at Wakamatsu

September 6, 2025
The Two-Body Problem for Women in Science – Nautilus | Science Connected

The Two-Body Problem for Women in Science – Nautilus | Science Connected

September 6, 2025
How AI and Automation are Speeding Up Science and Discovery – Berkeley Lab News Center (.gov)

How AI and Automation Are Accelerating Breakthroughs in Scientific Discovery

September 6, 2025

American Trust Investment Services Serves as Exclusive Placement Agent in $9 Million Follow-On Offering for Nova LifeStyle, Inc. – Morningstar

September 6, 2025
Coherent Joins LLNL’s STARFIRE Diode Technology Working Group to Advance Inertial Fusion Energy – GlobeNewswire

Coherent Partners with LLNL’s STARFIRE Team to Drive Breakthroughs in Inertial Fusion Energy

September 6, 2025
EA SPORTS™ and New York City FC Extend Partnership to Power the Future of Football Fandom in NYC – New York City FC

EA SPORTS™ and New York City FC Join Forces to Transform Football Fandom in NYC

September 6, 2025
News – Ancient DNA Pinpoints Culprit Responsible for World’s First Pandemic – Archaeology Magazine

Ancient DNA Reveals the True Cause of the World’s First Pandemic

September 5, 2025
Fears of US recession as economy adds just 22,000 jobs – The Times

Fears of US recession as economy adds just 22,000 jobs – The Times

September 5, 2025
Musiq Soulchild Surprises Fan’s Bride With “Dontchange” Wedding Serenade – yahoo.com

Musiq Soulchild Captivates Wedding Guests with Heartfelt Serenade of “Don’tchange

September 5, 2025
States fight feds over future of school mental health services – Courthouse News Service

States Clash with Federal Government Over the Future of School Mental Health Services

September 5, 2025

Categories

Archives

September 2025
MTWTFSS
1234567
891011121314
15161718192021
22232425262728
2930 
« Aug    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (809)
  • Economy (827)
  • Entertainment (21,704)
  • General (16,879)
  • Health (9,868)
  • Lifestyle (840)
  • News (22,149)
  • People (829)
  • Politics (834)
  • Science (16,038)
  • Sports (21,326)
  • Technology (15,808)
  • World (808)

Recent News

Blending art, culture and native plants at Wakamatsu – Mountain Democrat

Discover the Harmony of Art, Culture, and Native Plants at Wakamatsu

September 6, 2025
The Two-Body Problem for Women in Science – Nautilus | Science Connected

The Two-Body Problem for Women in Science – Nautilus | Science Connected

September 6, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version