Amazon and Other Tech Stocks Show Earnings Momentum Ahead of Upcoming Reports
Several major tech stocks, including Amazon, Apple, Microsoft, Meta Platforms, are preparing for their upcoming earnings reports with strong analyst momentum. According to CNBC Pro data from FactSet, these companies have seen significant upward revisions in earnings estimates and high buy ratings from analysts. Amazon is highlighted as having the most momentum, with a 400% increase in revised earnings expectations over the past three months. IQVIA Holdings and Vertiv Holdings are also on the list of stocks showing strong analyst confidence despite recent underperformance. IQVIA has seen positive signals due to industry trends like increased biotech funding and M&A activity, while Vertiv's collaboration with NVIDIA supports its growth in AI infrastructure projects. Analysts from Truist Securities, Deutsche Bank, and Baird have all issued optimistic price targets for these stocks. The broader market is closely watching the upcoming earnings season as over 150 S&P 500 companies report results next week.
Tickers: $AAPL $AMZN $IQV $META $MSFT $NVDA $VRT
Topics: Amazon analyst ratings earnings season IQVIA Holdings Magnificent Seven