🎁Pick Your Next Winner Target For August: $SOFI, $PLTR, $ADBE
💰💰💰Hi Tigers💖💖💖
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1. $SoFi Technologies Inc.(SOFI)$ Jumped 19.9% and hit 17-month high after Q2 results beat estimates
$SoFi Technologies Inc.(SOFI)$ 's total net revenue rose 37% to $498 million, driven by strong growth in personal loan originations that allowed its net interest income (NII) to more than double to $291.1 million in Q223. The San Francisco-based lender‘s total deposits at the end of the Q223 reached $12.7 billion, up from $7.34 billion at the end of 2022.
The student-loan business was the company’s most profitable through the end of 2019. Student-loan payments are expected to resume in the coming months, and could be a boon for $SoFi Technologies Inc.(SOFI)$.
$SOFI shares have added about 148.37% since the beginning of the year versus the $S&P 500(.SPX)$ 's gain of 19.3%. The average price target is $8.41 with a high forecast of $16.00 and a low forecast of $3.00 from market watch.
2. $Palantir Technologies Inc.(PLTR)$ stock up 11% as company rides A.I. craze
Data analytics company $Palantir Technologies Inc.(PLTR)$ is best known for its work with the U.S. government’s defense and intelligence agencies, offers a number of AI-powered services for organizations across public and private sectors. Wedbush covers $Palantir Technologies Inc.(PLTR)$ for the first time, rating it "outperform" with a target price of $25.
$Palantir Technologies Inc.(PLTR)$ 's Q123 posted revenues of $525.19 million, surpassing the Consensus Estimate by 4.03%. This represents an earnings surprise of 25%. CEO Alex Karp said in the company’s Q1 earnings that demand for $Palantir Technologies Inc.(PLTR)$ ’s new artificial intelligence platform is “without precedent,” company is expected to play an important role in the artificial intelligence revolution in the next decade.
$Palantir Technologies Inc.(PLTR)$ shares of the company closed up more than 206% year to date. The average price target of $Palantir Technologies Inc.(PLTR)$ from TIPRANK is $11.43 with a high forecast of $18.00 and a low forecast of $6.00. It is set to report second-quarter results on Aug. 7 after market close.
3. $Adobe(ADBE)$ gained positive ratings and share price jumped by 3.27%
Keith Weiss, an analyst at Morgan Stanley, recently states that the technology giant $Adobe(ADBE)$ is expected to rise by another 25% in 2024, and raised Adobe's stock rating to "overweight". Weiss put the agency's price target on $Adobe(ADBE)$ at $660 for the next year or so, which is just one step away from its record high of $688.37 in 2021.
In June, the California-based company lifted its full-year forecast of Full-year revenue and EPS. For the second quarter, Adobe expects earnings per share of $3.75 to $3.80 on an adjusted basis and $4.75 billion to $4.78 billion in revenue.
$Adobe(ADBE)$ shares have surged about 57% this year and are now worth $240 billion. Analysts generally believe that generative artificial intelligence can bring near-term and long-term benefits to both Adobe's creative and experience businesses, which may be a strong catalyst for revenue growth in 2024.
4. Question for Tigers（All valid and top 10 most popular stocks will be rewarded by Tiger Coins)
Will you take the time to consider the above 3 stocks to your Watch list? Why and What’s your target price?
Any other stocks are shaping the same gaped upward pattern?
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& for those who is using Adobe software, you will know how powerful it is & I will continue watching for this stocks as it's has been run up too far from my target price.
Tigers, come pick your next Winner target for Aug! & earn coinssss!
PLTR stock bulls point to artificial intelligence software as a growth driver.
Palantir has already mined the AI opportunity with government customers for intelligence gathering, counterterrorism and military purposes.
Furthermore, Palantir is a unique, market-leading, highly undervalued company relative to its revenue growth and profitability potential.
Moreover, while Palantir still has a relatively insignificant market cap, it may be on its way to becoming one of the most influential tech companies globally.
Therefore, Palantir's stock should appreciate considerably as the company becomes more profitable in the coming years.
Come and join the discussion my friends.
@GoodLife99 @Aqa @Universe宇宙 @icycrystal @b1uesky @koolgal @rL
Unfortunately, I didn’t manage to buy during its lows a couple of months ago.. and it has been soaring since. Believe there’s still room for growth for Adobe as it continues to innovate. Will certainly look for an entry point during the next correct. [Grin]
Adobe $Adobe(ADBE)$ is a software company operating in the IT sector with potential for dividend growth in the future. The company has experienced significant revenue and EPS growth over the past decade, partly due to its shift to a subscription-based business model. While Adobe does not currently pay dividends, its growing free cash flow and history of share buybacks suggest the potential for future capital returns to shareholders. Adobe's shares have seen significant appreciation right before and after its latest earnings report. Since EPS and revenue results were in-line, it appears to be due to forward-looking bullishness. This is sensible due to the company having already delivered generative AI capabilities into the market, with the goal of continuing to do so, creating a potential tailwind ahead. My target price is $580.
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