"NKE continues to make progress on their turnaround, with a significant QoQ acceleration in top-line trends and improvement in key focus areas of the business,"
"NVIDIA, a leader in accelerated computing, has broadened its reach into high-compute healthcare workloads and continues to engage in partnerships on the application side,"
Tracking analyst upgrades can reflect company fundamentals, industry trends, earnings surprises, and management guidance. Analysts at Bank of America reiterated a buy on Nike, citing the recent pullback since first-quarter earnings as an attractive opportunity and a path toward improving sales and margins; Nike trades around $60 after forecasting another quarter of negative growth. Needham noted quarter-over-quarter acceleration in Nike's top-line trends and improvements in key focus areas. Ahead of earnings, Citi reiterated a buy on NVIDIA with a $220 price target and expected sales of $56.8 billion. Bank of America highlighted NVIDIA's positioning in healthcare and artificial intelligence. SoftBank sold its entire NVIDIA stake, contributing to premarket weakness.
Read at 24/7 Wall St.
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