Top Four Nasdaq 100 Stocks to Watch Next Week: AMD, Uber, Palantir, Airbnb – Palantir Technologies (NASDA
AMD to Showcase its Data Center Growth
AMD has gone on the offensive. It recently announced a $5 billion investment in Anthropic. It also announced a large deal that will see OpenAI deploy 6 gigawatts of AMD GPUs. OpenAI will have the option to take a 10% stake in AMD.
The upcoming earnings are expected to show that its revenue growth accelerated in the quarter. Analysts expect the data to show that its revenue jumped by 47% to $11.31 billion, with the earnings-per-share rising from $0.48 to $1.61. Benzinga data shows that most analysts have a bullish outlook for the stock, with the consensus target being $529.
Uber Technologies Earnings May Provide a Reset
Uber recently announced a large M&A deal that will see it acquire Delivery Hero, a large name in Europe for $14.8 billion. As such, the upcoming earnings will likely provide a reset, especially if it demonstrates strong organic growth.
The average estimate is that its revenue jumped by 12.7% in the second quarter to $14.27 billion. Its EPS is expected to rise from 63 cents to 83 cents.
Airbnb’s Earnings to Showcase World Cup Success
Analysts predict that its revenue rose by 15.4% to $3.58 billion, while its EPS moved from $1.03 to $1.25. Benzinga data shows that only 1 Wall Street analyst has a sell rating on the company. 25 of these analysts have a buy rating, with the average target being $160.
Palantir Technologies to Publish Earnings as its Stock Remains Under Pressure
Palantir will release its earnings on Monday, with its growth trajectory expected to continue. The estimate is that its revenue jumped by 80% YoY to $1.8 billion. This growth will be driven by its government and commercial divisions as demand for its products rise.
Palantir Technologies has seen its valuation multiples improve, with its forward price-to-earnings ratio falling from over 200 to 80.
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