Investing in the stock market can be a rollercoaster of ups and downs, especially during earnings season. However, there are certain companies that have the potential to see a postearnings boost, according to analysts. At Extreme Investor Network, we pride ourselves on providing valuable insights for our readers to make informed investment decisions.
One company that is expected to report strong quarterly results next week is Amazon. Analysts have raised their earnings estimates on Amazon by a significant margin in the past three and six months. The consensus price target suggests about a 31% potential upside over the next year, with 82% of analysts covering the stock giving it a buy rating. BMO Capital Markets analyst Brian J. Pitz reiterated his outperform rating on Amazon, calling it a “top pick” with a target price that implies nearly 28% upside from the current price.
Another company to keep an eye on is telecommunications giant T-Mobile. Analysts have revised their earnings estimates upward by 35% and 50% in the past three and six months, respectively. The consensus price target suggests an 11% potential upside over the next year, adding to the stock’s 9% gain so far this year. Citi recently maintained its buy rating for T-Mobile and raised its target price, indicating a 20% potential upside from the current price.
Power management company Eaton is also on the earnings docket next week and is considered an artificial intelligence-tied data center play. Analysts have revised their earnings estimates higher by 24% and 47% in the past three and six months, respectively. With increasing optimism ahead of the company’s financial report, there is potential for a postearnings bump in the stock price.
These are just a few examples of companies that could see a postearnings boost next week. At Extreme Investor Network, we believe in providing our readers with timely and valuable information to help them navigate the stock market with confidence. Stay tuned for more insights and analysis on potential investment opportunities.