Wedbush analysts have high hopes for Amazon.com Inc (NASDAQ:AMZN)’s upcoming third quarter results on October 30, given what they called positive commentary around Amazon Web Service (AWS) growth, “healthy” trends for the core retail business, and strong advertiser demand.
In a note to clients on Friday, the analysts highlighted several potential catalysts in the intermediate-term, including more meaningful improvements in cost to serve driven by deeper automation and robotics, commercialization of new AI capabilities in Alexa, monetization of Project Kuiper, which could begin late this year, and an expected increase in Prime Subscription prices in 2026.
Tech stocks are expected to deliver very strong earnings reports for the third quarter led by Big Tech stalwarts Microsoft Corp (NASDAQ:MSFT), Alphabet Inc (NASDAQ:GOOG) and Amazon.com Inc (NASDAQ:AMZN) on robust AI enterprise demand, analysts at Wedbush believe.
Wedbush noted that field checks suggest cloud businesses at these companies experienced significant uptake of AI solutions, contributing to expectations for solid revenue and profit growth.
Wedbush analysts expect Roblox Corp (NYSE:RBLX) to report another record-breaking third quarter on October 30, given the company’s strong intra-quarter data and improving monetization.
“We view Roblox as the most compelling growth opportunity in the video game sector, given its recent hit games driving massive platform growth, its slate of new and upcoming products, and the potential to unlock additional profit drivers within its business," the analysts wrote in a note to clients on Friday.
Intel Corp (NASDAQ:INTC, ETR:INL) reported third quarter earnings that exceeded both its own guidance and Wall Street expectations, sending its shares modestly higher on Friday morning to about $39.
The report promoted a mix of cautious optimism and tempered outlooks from analysts at Wedbush and Baird.
It has been a jittery few months for Novo Nordisk (NYSE:NVO) investors, but Berenberg thinks the worst of the uncertainty may be passing.
The broker has reiterated its 'buy' rating and DKK 425 price target, arguing that a run of upcoming announcements should bring long-awaited clarity to the debate over pricing, demand and leadership at the Danish drugmaker.
JP Morgan has launched its coverage on West African gold producer Endeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF) with an 'Overweight' rating and a £50 per share price target, implying around 63% upside from current levels.
Endeavour’s low-cost production base and growth potential across Côte d’Ivoire, Senegal, and Burkina Faso make it one of the most attractive gold names in the EMEA region, JP analyst Patrick Jones said.
Jeffries analysts believe Reddit (NYSE:RDDT)'s third quarter financial results could exceed Wall Street expectations, and the company could boost its outlook, when it reports on October 30.
In a note to clients on Friday, the analysts wrote that strong advertising indications suggest Reddit continues to benefit from faster growth in performance products and small/mid-sized customers.
IMAX Corp (NYSE:IMAX) reported record third quarter financial results, with strong growth across revenue, profitability, and global box office performance.
Revenue of $106.7 million was up 17% year-over-year and topped the Wall Street consensus estimate of $105 million.
North American miners start handing down their third quarter earnings results this week, with investor focus set to be on supply disruptions, capital allocation decisions and the growing role of government in strategic minerals, according to Bank of America analysts.
Among standouts for the quarter, Bank of America highlighted Agnico Eagle Mines Ltd (TSX:AEM), Cameco Corporation (TSX:CCO), and MP Materials.
International Business Machines Corp (NYSE:IBM)’s third quarter earnings report drew mixed reactions from analysts, who highlighted the company’s strong AI and infrastructure growth while expressing differing views on software execution.
For Q3, IBM reported revenue of $16.33 billion, above Wall Street estimates of $16.09 billion.
Analysts at Deutsche Bank have slightly reduced their price target for Live Nation Entertainment Inc (NYSE:LYV) ahead of the company's third quarter earnings report, pointing to ongoing growth expectations alongside potential regulatory overhangs.
The investment bank now has a price target of $173 per share, down from a previous target of $175, while maintaining a ‘Buy’ rating on the stock.
Wedbush analysts on Thursday weighed in on Super Micro Computer Inc (NASDAQ:SMCI)’s announcement that it is reducing its first quarter revenue guidance, viewing the net revenue implications of the company’s new orders as being more positive than negative.
Super Micro said the sales shortfall was due to design win upgrades that shifted some expected revenue from the first quarter to the second quarter of fiscal year 2026.
Tesla Inc's (NASDAQ:TSLA) most recently reported three months represent "a good quarter while laying the autonomous path,” that's the view from West Coast-based stockbroker Wedbush.
Analyst Dan Ives, a notable Tesla bull, highlighted continued revenue momentum and accelerating progress across its self-driving and energy segments.
Analysts at Citi have gamed out a potential asset swap between Rio Tinto Ltd (LSE:RIO, ASX:RIO, OTC:RTNTF) and its major shareholder Chinalco, claiming such a deal could be "a positive turning point" for the miner’s investment case.
Rio is exploring ways to exchange the Chinese state-owned group’s $12.5 billion holding, Citi said, citing a report by Reuters, with the American bank's London-based analysts arguing that an arrangement for Chinalco's 11% shareholding in Rio may ease longstanding structural and geopolitical frictions.
Carvana Co. (NYSE:CVNA) shares fell sharply on Wednesday after prominent short seller Jim Chanos said he saw “lots of red flags” in the company’s business model and financial disclosures.
His comments, made during an investor presentation, reignited concerns about Carvana’s exposure to the subprime auto lending market and the sustainability of its recent growth.
Upcoming third quarter earnings reports from major online travel companies Airbnb Inc (NASDAQ:ABNB, ETR:6Z1), Booking Holdings Inc (NASDAQ:BKNG, ETR:PCE1), and Expedia Group Inc (NASDAQ:EXPE, ETR:E3X1) will underscore a growing divergence in performance between the US and international markets, according to Wedbush analysts.
In a note to clients, the firm wrote that the overall backdrop for the sector has been mixed, with investors turning more cautious on global travel demand amid modest data and softer commentary compared with estimates.
Netflix Inc (NASDAQ:NFLX, ETR:NFC)'s third quarter earnings report prompted a mixed but optimistic response from Wall Street analysts, who believe the company’s long-term outlook remains intact despite near-term uncertainty.
While results and guidance were broadly in line with expectations, analysts at Jefferies, Wedbush, and UBS highlighted margin expansion and rapid growth in advertising as evidence of Netflix’s strengthening business fundamentals.
Wedbush analysts remain ‘Neutral’ on Intel Corp (NASDAQ:INTC, ETR:INL) but have nudged their target price on the stock up by $1 to $20 per share ahead of the chipmaker’s third quarter financial results on October 23.
“While we struggle to justify the company's recent surge in valuation, we also are reluctant to shift our opinion on the stock into an earnings period where Intel's results/outlook should show improvement," the analysts wrote in a note to clients on Wednesday.
Wedbush analysts believe Microsoft Corp (NASDAQ:MSFT) has a “comfortable” lead in the AI revolution and expects the tech giant’s upcoming fiscal first quarter 2026 earnings and outlook to be “robust”.
In a note to clients on Wednesday, the analysts stated that Microsoft’s stock, in their opinion, has yet to price in the next wave of Cloud and AI growth, given what they called the company’s strong competitive Cloud edge over Amazon and Google.
Tesla Inc (NASDAQ:TSLA) is set to reports its third quarter 2025 earnings on Wednesday after US markets close, with Wedbush analysts anticipating a stronger-than-expected quarter driven by EV deliveries and a rebound in China sales.
“After a brutal few quarters we are finally starting to see stable demand trends for Tesla,” the analysts believe.
Teck Resources Ltd (TSX:TECK.B) reported rising revenues driven by higher copper and zinc prices and a profit for the third quarter, compared to a loss for the same period last year.
The company’s profit was C$281 million or C$0.57 per share, compared to a loss of C$748 million or loss per share of C$1.45 in Q3 2024.
Wedbush analysts have boosted their price target on General Motors Company (NYSE:GM) on renewed confidence in the automaker’s ability to sustain profitability amid a volatile tariff landscape.
They upped their price target to $75 from $65. Shares traded up 15% at $66 on Tuesday afternoon.
Government money is pouring into the mining sector at levels not seen before, with US initiatives and strategic metals at the center of the surge, Jefferies analysts said in a new report.
Mentions of government financing, equity participation, and grants have more than quadrupled since 2019, signaling a major policy shift that analysts say could reshape the industry and boost share prices for companies in the right sectors.
Boku Inc (AIM:BOKU) has earned a price target bump from Jefferies analysts following their attendance at the San Francisco and London-based mobile payment company’s Capital Markets Day last week.
Jefferies raised its price target to 324p from 275p, implying upside from Boku’s closing price of 243p on Tuesday, and repeated its ‘Buy’ rating.
Bed Bath & Beyond Inc. (NASDAQ:BBBY) is poised to continue its turnaround, according to Wedbush analysts, who reiterated an ‘Outperform’ rating on the retailer with a 12-month price target of $13.
Shares of Bed Bath & Beyond traded hands at $8.50 on Tuesday, having gained more than 72% so far this year.
Netflix Inc (NASDAQ:NFLX, ETR:NFC) continues to have Wedbush analysts bullish, with the firm repeating its ‘Outperform’ rating and 12-month price target of $1,500 on the streaming giant, citing steady subscriber growth, growing ad revenue, and strong upcoming content.
Shares of Netflix are up almost 40% in the year to date, trading hands at $1,242 on Tuesday afternoon.
A new deal between the United States and Australia could support the development of a Western rare earths supply chain, reducing reliance on China, analysts at UBS highlight in a note.
The two countries signed a critical minerals framework as part of a wider deal to boost defence and technology cooperation, with the initial information pointing to US$8.5 billion in ready-to-go projects, and US$1 billion in funding each from the US and Australia over the next six months.
Elf Beauty (NYSE:ELF) shares moved lower on Monday after the company released the first detailed information following its recent acquisition of Hailey Bieber’s beauty brand Rhode.
Prior to the release, investors knew only that Rhode generated $212 million in annual sales for financial year 2025 and was accretive to gross margin, operating margin, and adjusted EPS, but the level of accretion and recent growth trajectory were largely unknown.
Zoom Video Communications Inc (NASDAQ:ZM) faces balanced risk and reward as growth in its core Meetings business slows, according to analysts at UBS, with modest contributions expected from its Phone and Contact Center products and limited near-term upside from AI monetization.
UBS assumed coverage of Zoom with a Neutral rating, saying it is waiting for clearer signs of a growth acceleration as its core Meetings product matures.
US holiday spending is expected to rise modestly this year, according to UBS analysts, who forecast a 1% year-over-year increase based on October survey data.
Heading into the holiday quarter, the analysts favor ‘Buy’-rated On Holding, Deckers Outdoor Corp (NYSE:DECK), Gildan Activewear, Aritzia Inc (TSX:ATZ), Ralph Lauren Corp (NYSE:RL), Levi Strauss & Co (NYSE:LEVI), Amer Sports Inc (NYSE:AS), Birkenstock Holding PLC (NYSE:BIRK), TJX Companies Inc (NYSE:TJX), Burlington Stores Inc. (NYSE:BURL), PVH Corp. (NYSE:PVH), and Signet Jewelers Limited (NYSE:SIG).
Engagement patterns across major internet platforms shifted during September heading into third quarter earnings reports, according to an analysis by Wedbush analysts.
The analysts noted stronger-than-expected trends for Pinterest Inc (NYSE:PINS) and DoorDash Inc (NYSE:DASH), while Uber Technologies Inc (NYSE:UBER, ETR:UT8)'s metrics were more subdued.
Eli Lilly and Co (NYSE:LLY) will report its third quarter 2025 earnings next Thursday, with Bank of America analysts closely watching how the company’s obesity and diabetes treatments are performing amid ongoing policy debates over US drug pricing.
The firm believes the drugmaker’s upcoming report could offer insight into the company’s key brands while highlighting broader industry trends affecting margins and growth.
Wedbush analysts on Monday raised their target price on Snowflake Inc (NYSE:SNOW) to $270 per share from $250, while expressing their “incremental confidence” on the company’s AI growth story.
“Snowflake remains at the forefront of innovation with its cloud-based data platform providing advanced capabilities for data processing and warehousing while looking to simplify platform architectures across industries,” the analysts wrote in a note to clients.
Deutsche Bank has upgraded its rating on Intuitive Machines Inc (NASDAQ:LUNR) from Hold to Buy, citing what it called an attractive risk-reward outlook for the next three to six months.
Analysts said the firm views Intuitive Machines as a "secular winner" in the space exploration sector, with a role in helping the US and its allies prepare the Moon for a human return mission, ahead of China.
Wedbush analysts expect International Business Machines Corp (NYSE:IBM) to report “another solid quarter” on October 22, driven by AI demand for the company’s offerings.
“We believe that IBM is well-positioned to capitalize on the current demand shift for hybrid and AI applications as well as quantum computing that will drive long-term profitable growth while the company’s strategic partnerships further expand its market,” the analysts wrote in a note to clients on Monday.
Could MGM Resorts International (NYSE:MGM) be limbering up for another tilt at Entain PLC (LSE:ENT)?
The question has resurfaced after a series of moves by the US casino group that look, at least on paper, like balance-sheet preparation.