Goldman Sachs Group Inc (NYSE:GS, ETR:GOS) analysts have raised their 12-month price target for Amazon.com Inc (NASDAQ:AMZN) shares to $240 from $220, reiterating a ‘Buy’ rating on the eCommerce giant and emphasizing a constructive multi-year outlook across the company’s core businesses.
The upward revision follows Amazon’s second quarter earnings report, which largely exceeded expectations and reinforced analyst confidence in the company’s positioning across eCommerce, cloud, and advertising.
Goldman Sachs Group Inc (NYSE:GS, ETR:GOS) analysts have raised their 12-month price target for Amazon.com Inc (NASDAQ:AMZN) shares to $240 from $220, reiterating a ‘Buy’ rating on the eCommerce giant and emphasizing a constructive multi-year outlook across the company’s core businesses.
The upward revision follows Amazon’s second quarter earnings report, which largely exceeded expectations and reinforced analyst confidence in the company’s positioning across eCommerce, cloud, and advertising.
Expedia Group Inc (NASDAQ:EXPE, ETR:E3X1) reported second quarter results that came in ahead of its own guidance and Wall Street expectations, supported by growth in international and B2B bookings.
The company also raised its full-year forecast, citing stronger-than-expected travel demand entering the second half of the year.
Take-Two Interactive Software Inc (NASDAQ:TTWO) reported stronger-than-expected fiscal first quarter results, driven by robust performances in mobile gaming and live services, prompting Wedbush to raise its price target and reaffirm its bullish outlook.
The company reported revenue of $1.5 billion, above Wall Street estimates of $1.35 billion and Take-Two’s guidance of $1.35 billion to $1.4 billion.
Pinterest Inc (NYSE:PINS) shares fell around 8.3% after it reported second quarter earnings that fell short of Wall Street expectations, but Wedbush analysts remain bullish on the social media platform, suggesting investors buy the dip.
For Q2, Pinterest report adjusted earnings per share (EPS) of $0.33, short of the expected $0.35.
Shares in Flutter Entertainment PLC (LSE:FLTR, NYSE:FLUT) fell 3% despite the world’s largest online sports betting and iGaming operator raising its full-year 2025 guidance after a strong second quarter, with performance largely anticipated by the market.
Revenue rose 16% year-on-year to $4.2 billion in the three months to 30 June, while adjusted earnings before interest, tax, depreciation and amortisation increased 25% to $919 million.
The market is still underestimating how large and far-reaching the artificial intelligence boom will be, analysts at Wedbush believe.
The analysts reiterated their bullish stance on the sector, highlighting strong earnings from major tech names and growing enterprise adoption of AI.
Uranium is back in the spotlight, with UBS highlighting a fresh round of optimism from Sprott, the world’s best-known uranium investor.
Sprott’s latest call left little doubt about its bullish outlook, but UBS finds the story on the commodity itself more compelling than the outlook for the listed uranium shares.
AMC Entertainment Holdings (NYSE:AMC) will report its second quarter earnings next week, with Wedbush analysts expecting a solid report with potential for upside.
“We remain positive into the Q2 print, which should highlight AMC’s strengths geographically and with its premium screens, likely driving market share gains,” analysts wrote.
Target Corp (NYSE:TGT) will hand down its second quarter earnings on August 20, with Wall Street expecting the retail giant to report year-over-year declines in both revenue and earnings.
Revenue is pegged at $24.88 billion, a 2.3% drop from the year-ago period, while earnings per share are expected to slide 19% to $2.08.
OpenAI’s new open-weight models will be available on Amazon Web Services (AWS), the two companies announced earlier this week, a move that has been welcomed as a positive step by Bank of America analysts.
On Monday, AWS said it will add OpenAI’s gpt-oss-120b and gpt-oss-20b to its Amazon Bedrock and Amazon SageMaker AI platforms, marking the first time any OpenAI models have been made available on AWS.
After a brutal 52% slide this year (not helped by a surprise profit warning last week), Novo Nordisk (NYSE:NVO) is struggling to regain its footing.
Wednesday’s second-quarter results confirmed the picture: rising competition in the weight-loss market is hitting margins, with Eli Lilly’s Mounjaro and cheaper compounded copycats in the US putting the squeeze on Wegovy and Ozempic sales.
Glencore PLC (LSE:GLEN) shares were among the biggest fallers on the FTSE 100, down almost 4%, after the commodities trading giant's half-year results disappointed and it confirmed that it does not plan to shift its main listing from London to New York.
Chief executive Gary Nagle committed to the group keeping its LSE listing, saying "London is where we are happy".
Shares in Advanced Micro Devices Inc (NASDAQ:AMD, ETR:AMD) dropped 5% in after-hours trading, as investors digested a mixed earnings report that, while strong on the surface, fell short of the market’s increasingly lofty expectations, particularly in artificial intelligence (AI) and data centre GPU performance.
The company reported revenue of $7.7 billion for the second quarter, 4% ahead of Deutsche Bank’s forecast, and issued guidance for the third quarter of $8.7 billion, also ahead of expectations.
Snap Inc (NYSE:SNAP) shares tumbled almost 15% after Tuesday’s closing bell as the social media platform’s second quarter earnings disappointed investors, with key metrics falling short of expectations.
A loss per share of $0.16 was worse than the loss per share of $0.15 reported for the same period last year and earnings per share of $0.01 expected by Wall Street analysts.
Airbnb Inc (NASDAQ:ABNB, ETR:6Z1) will report its second quarter earnings on Wednesday with Bank of America analyst expecting the alternative accommodation provider to deliver modest upside, with nights booked and revenue set to exceed Wall Street estimates.
The company has guided revenue between $2.99 billion and $3.05 billion, representing year-over-year growth of 9% to 11%.
Kinross Gold Corporation (TSX:K) has earned a ‘Buy’ rating from UBS analysts in their initial coverage, along with a US$20 per share price target.
Shares of Kinross added almost 5% on the news, trading hands at US$18 on Tuesday afternoon.
Palantir Technologies Inc (NYSE:PLTR)’s latest quarterly results have triggered enthusiastic responses from major Wall Street analysts, who highlighted the company’s accelerating growth and its leadership in enterprise AI deployment.
Bank of America analysts welcomed the report, writing that Palantir is “approaching its own ‘singularity’ moment this quarter.”
Stifel has reiterated its ‘buy’ recommendation and price target on Seeing Machines Ltd (AIM:SEE, OTC:SEEMF) following a trading update showing record quarterly production and strong aftermarket growth.
The broker highlighted that production of the company’s driver monitoring technology accelerated sharply.
UBS has lowered its rating on Novo Nordisk (NYSE:NVO) from 'buy' to 'neutral', slashing the price target to DKK340 from DKK600.
The downgrade comes after what UBS described as “challenging times” for the Danish pharmaceutical group, citing a sharp slowdown in growth for its flagship GLP-1 medicines, intensifying competition from Eli Lilly, and persistent pricing pressures.