Palantir and other names reporting next week boast earnings momentum
Shares of Palantir Technologies and Ralph Lauren could see a bounce next week as another raft of companies get set to report earnings. Among those on deck to deliver results next week are health care behemoths Eli Lilly , Merck and Pfizer . Semiconductor makers Advanced Micro Devices and Qualcomm report on Tuesday and Wednesday, respectively. And “Magnificent Seven” megacaps Alphabet and Amazon will force investors to weigh the outlook for hyperscalers that offer massive cloud computing platforms. CNBC Pro screened FactSet data to find which S & P 500 stocks are showing earnings momentum. Stocks in the table below had to meet the following criteria: At least 15 upward revisions to earnings estimates in the past three months Five or fewer downward revisions to earnings estimates in the past three months Have an average earnings estimate revision of upwards of 5% or more in the past three months, or 10% or more in the past six months Palantir, set to report earnings Monday after the market close, showed up on the screen. Up more than 80% in the past year, the company led by CEO Alex Karp has struggled since reaching an all-time high in November, sliding 25% over the past three months. Some 20 analysts have raised their Palantir earnings estimates over the past three months, lifting their profit numbers by 20%. Loop Capital on Thursday revised down its price target for Palantir to $220 from $230, while keeping a buy rating. Loop’s price target indicates almost 60% upside for Palantir. Analyst Mark Schappel acknowledged in a note to clients that, while there is investor skepticism around Palantir due to fears of an artificial intelligence bubble and valuation worries, the company remains in strong condition. “Quality matters during periods of volatility, and Palantir remains a premium AI asset — uniquely positioned as a category leader in the nascent enterprise AI software market, with near-flawless execution and best-in-class revenue growth plus margins,” Schappel wrote. “We continue to like Palantir long-term, which is why we retain our Buy rating.” High-end apparel maker Ralph Lauren also turned up on the screen as a stock that’s seen upwardly revised earnings estimates. The company, unchanged this year but higher by 37% over the past year, will report quarterly results next Thursday before the market opens. Analysts polled by FactSet estimate revenues will top $2.3 billion for the first time. About 19 analysts have increased their Ralph Lauren earnings estimates in the past three months, raising their projected profits figures by more than 8%. Jefferies in mid-January named Ralph Lauren a top fashion pick. The investment bank has a buy rating on Ralph Lauren with a $425 price target, indicating a potential 20% gain from Friday’s close. Analyst Blake Anderson sees broad-based momentum at the company’s back, particularly in the December quarter. “We expect a strong holiday [quarter] … to unlock higher EPS revisions as co. proves the U.S. value consumer is resilient,” Anderson wrote in a note. “An improving luxury backdrop, balanced growth across regions and channels, management execution, and healthy [balance sheet] further support our favorable CY26 outlook.”
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