Palantir Technologies Inc. (PLTR) delivered a strong third quarter, exceeding analysts’ expectations across the board. Wedbush analyst Dan Ives, who calls Palantir the ‘Messi of AI,’ highlights the company’s robust growth, especially in commercial and government sectors. With increased deal momentum and strong forward guidance, Palantir’s AI platform AIP is attracting significant attention.
Wedbush analyst Jay McCanless believes the recent drop in Toll Brothers’ stock due to rising mortgage rates presents a buying opportunity. He points to strong demand from Toll’s competitors and the company’s ability to maintain pricing power, leading to an upgrade to Outperform and a price target increase to $175.
Ahead of Amazon’s third-quarter earnings release, Wedbush analysts remain optimistic about the company’s long-term growth potential despite near-term profitability concerns. They highlight the shift towards higher-margin advertising and AWS revenue, while acknowledging the impact of initiatives like Project Kuiper. The analysts maintain an Outperform rating and $225 price target, anticipating solid revenue growth and margin expansion in the coming quarters.
Wedbush analyst Dan Ives anticipates Tesla’s third-quarter deliveries to surpass expectations, driven by robust demand in China and favorable financing terms. He also highlighted the upcoming Robotaxi event as a key catalyst for the company.
Zillow Group’s stock (Z) is experiencing a surge following a positive upgrade from Wedbush Securities. The investment firm boosted the stock’s rating to Outperform and raised its price target from $50 to $80, citing the potential for lower mortgage rates to fuel Zillow’s core brokerage business. Wedbush analyst Jay McCanless highlights the significant contributions of Zillow’s services and solutions (S&S) revenues, which are driving faster growth than the national existing home market. Despite maintaining third-quarter estimates, McCanless expects a positive impact of lower rates on Zillow’s business, potentially impacting buyers in the fourth quarter.
