US futures, Nikkei rebound, Google's case - what's moving markets

Palantir Technologies Inc. (PLTR) PT Raised to $30 at Citi

Citi analyst Tyler Radke raised the price target on Palantir Technologies Inc. (NYSE: PLTR) to $30.00 (from $28.00) while maintaining a Neutral rating.

The analyst comments "We are updating our Palantir model following a strong FQ2 beat with accelerating growth led by a return... More

Google search share declined marginally in July - report

According to a recent note from Bank of America, Google's global search market share experienced a slight decline in July.

The investment bank said Statcounter data revealed that Google's share decreased by 4 basis points (bps) month-over-month (m/m) and 105 bps year-over-year (y/y), settling at 91.0%.

In contrast, they note that Bing's share increased by 16 bps m/m and 89 bps y/y, reaching 3.9%. Other search engines, including Yandex, Baidu, Naver, and DuckDuckGo, saw a decline of 10 bps m/m but an increase of 9 bps... More

BofA Securities on Apple (AAPL): 'we see the potential for consensus estimates to be revised higher'

BofA Securities analyst Wamsi Mohan reiterated a Buy rating and $256.00 price target on Apple (NASDAQ: AAPL).

The analyst comments "

As per SensorTower data, App Store revenues in F4Q (after 36 days) increased to $3.0bn (+12% y/y, according to data on developer revs from... More

Palantir Technologies Inc. (PLTR) PT Raised to $16 at Goldman Sachs

Goldman Sachs analyst Gabriela Borges raised the price target on Palantir Technologies Inc. (NYSE: PLTR) to $16.00 (from $14.00) while maintaining a Neutral rating.

The analyst comments "Palantir is up 14% on 8/6 after reporting 2Q24 revenue 4% above the Street and operating margins ~470bps above (FactSet). Palantir raised... More

Lucid Group Inc. (LCID) PT Raised to $4 at Stifel

Stifel analyst Stephen Gengaro raised the price target on Lucid Group Inc. (NASDAQ: LCID) to $4.00 (from $3.00) while maintaining a Hold rating.

The analyst comments "Lucid's 2Q24 revenue outpaced our estimate by 20.2%, but adjusted EBITDA landed below our forecasts. The company announced up to $1.5... More

Palantir Technologies Inc. (PLTR) PT Raised to $30 at BofA Securities

BofA Securities analyst Mariana Perez Mora raised the price target on Palantir Technologies Inc. (NYSE: PLTR) to $30.00 (from $28.00) while maintaining a Buy rating.

The analyst comments "We liken the market, industry, and investor attitudes toward AI to that of the California gold... More

William Blair Reiterates Underperform Rating on Palantir Technologies Inc. (PLTR)

William Blair analyst Louie DiPalma reiterated an Underperform rating on Palantir Technologies Inc. (NYSE: PLTR)

The analyst comments "Valuation and Risks. Palantir is trading at a $68 billion market capitalization, compared with Snowflakes (SNOW $112.63; Outperform) $38 billion, even though Snowflake has greater revenue ($3.5 billion... More

Caterpillar Q2 earnings beat estimates, revenue slightly misses

(Updated - August 6, 2024 9:49 AM EDT)

Caterpillar (NYSE: CAT) reported second-quarter earnings on Tuesday, surpassing analyst profit expectations, while revenue fell slightly short of estimates. The heavy equipment manufacturer's stock rose more than 2% following the announcement.

Caterpillar posted adjusted earnings per share of $5.99 for the second quarter, beating the analyst consensus of $5.54 by $0.45. Revenue came in at $16.7 billion, just below the estimated $16.76 billion and down 4% YoY from $17.3 billion in the same quarter last year.... More

Palantir Technologies Inc. (PLTR) PT Raised to $38 at Wedbush

Wedbush analyst Dan Ives raised the price target on Palantir Technologies Inc. (NYSE: PLTR) to $38.00 (from $35.00) while maintaining a Outperform rating.

The analyst comments "We are raising our price target to $38 from $35 as the AIP story now takes hold for the Palantir story. We maintain our OUTPERFORM rating with our bull case $50. This was a game changer quarter for the Palantir story as the AIP... More

Cantor Fitzgerald Upgrades Lucid Group Inc. (LCID) to Neutral

Cantor Fitzgerald analyst Andres Sheppard upgraded Lucid Group Inc. (NASDAQ: LCID) from Underweight to Neutral with a price target of $4.00.

The analyst comments "New $1.5B Capital Raise with the PIF - Extends Cash Runway Into 4Q25. On 8/5, LCID announced that it has... More