These stocks reporting this week primed for huge moves postearnings

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These stocks reporting this week primed for huge moves postearnings

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— and that’s, you know, that’s Zuckerberg.” Wall Street is largely neutral on Snap, as 30 of the 42 analysts covering it have a hold rating on the stock, per LSEG. With 10 analysts issuing a buy or strong buy rating, the average price target is roughly $15, which is more than 14% above current levels. Two names in the auto industry, Carvana and Hertz , are the next high-profile stocks on the list with an expected move of 15.1% and 15%, respectively. Carvana reports after the bell on Wednesday, while Hertz releases its results before the open on Thursday. Carvana has had a monster year, with the stock surging more than 140%. Despite the outperformance, JPMorgan analyst Rajat Gupta sees even more upside ahead. Ahead of earnings, the analyst increased the firm’s price target on the stock by $5 to $155, which implies about 16.7% upside from Friday’s close. “We believe the company’s investments in infrastructure/network, including the ADESA physical auction business, are proving to be a long-term competitive advantage that is hard to replicate,” the analyst said in a note earlier this month. “As such, we expect CVNA to continue gaining rapid share while sustaining margins well above peers, which could lead to positive earnings revisions in the medium-term.” Meta , which is set to release its results Wednesday after the bell, closes out the list with a move of 8.3%. While it is the only name on the list with an implied move under 10%, its market cap of more than $1 trillion means there could be broader-market ripples from the move. The Street is primarily bullish on Meta. To be exact, 55 of the 63 analysts covering it have a buy or strong buy rating. Heading into earnings, Wolfe Research analyst Shweta Khajuria expects the company to beat second-quarter estimates and sees more than 33% upside ahead for the stock. While Meta is down more than 6% over the past month, shares are up more than 33% in 2024.

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#stocks #reporting #week #primed #huge #moves #postearnings

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