These stocks reporting results next week have earnings momentum at their back

[Pelican Press 0]

These stocks reporting results next week have earnings momentum at their back

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‘s three- and six-month earnings estimates by 139% and 309%, respectively. Consensus price targets suggest potential upside of 31% for the e-commerce platform. Shares of

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are up 18% for the year. The owner of

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Web Services (AWS) is due to report first-quarter earnings after markets close Tuesday. Earlier this month, both UBS and Citi reiterated buy ratings on

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and lifted their 12-month price targets. Citi analyst Ronald Josey highlighted the tech firm as one of his top picks across the Internet sector, while his updated price target of $235 indicated that shares could rise another 31%. “Given faster shipping speeds, we believe conversion rates are improving as

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’s retail business benefits from its regionalization approach with shorter transport distances as the overall cost to serve comes down,” Josey wrote. “While on AWS, demand for new instances appears to be improving, led by GenAI, as optimizations wane.” Mastercard has seen earnings estimates rise by 12% in the past three months, and 20% over the past six months. Average analyst price targets show that the stock could rally 18%. Earlier this month, TD Cowen initiated coverage of the credit card company at a buy rating. Analyst Bryan Bergin set a price target of $545, corresponding to an 18% rally for the credit card network. Shares of Mastercard are 8% higher this year. The company releases results before Wednesday’s stock market open. Data center company Equinix also turned up on the screen. Analysts have raised the Silicon Valley real estate investment trust’s earnings estimates by 29% over the past three and six months. Shares of Equinix have fallen 9% this year, but analysts predict that the stock could rally 11% from here. Equinix is on the docket to report its latest earnings and revenue next Wednesday. — CNBC’s Fred Imbert contributed to this report.

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Citi Trends Inc,Earnings,Equinix Inc,Mastercard Inc,

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.com Inc,S&P 500 Index,Stock markets,Investment strategy,business news
#stocks #reporting #results #week #earnings #momentum

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