Dear Reader,We has just identified several tech stocks that are expected to release earnings this week.If you are interested in any of these companies, we encourage you to do your own research and due diligence before pursuing any investments.Keep in mind, the actual earnings date and time may change, so if you’re interested in any of these companies you will need to pay close attention to their announcements.
International Business Machines
Symbol: IBM
Recent Price: $139.92
Average Analyst Price Target: $151.89 (8.55%)
Market Cap: $125.85B
Last Year's EPS: $2.23
Consensus EPS Forecast: $2.27
Expected Earnings Date: Jul 17 2022
Recent Analyst Action: Wamsi Mohan, analyst at Bank of America Securities, reiterates coverage on International Business Machines (IBM) in the Technology sector with a Buy rating and a price target of $ 163 (3 days ago).
TipRanks.com also reports that International Business Machines currently has 9 analysts offering 12-month price targets and the consensus is a Moderate Buy rating with an average price target is $151.89 . The target pricing ranges from a high forecast of $166.00 down to a low forecast of $135.00. International Business Machines (IBM)’s last closing price was $139.92 which would put the average price target at 8.55% upside.Here are 3rd party ratings for IBM:
- TipRanks.com: Moderate Buy
- TradingView.com: n/a
- Yahoo! Finance: Bullish Short-Term Outlook
- Barchart.com: Strong buy
- Zacks.com: Sell, Bottom 15% (214 out of 251)
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HIVE Blockchain Technologies
Symbol: HIVE
Recent Price: $3.53
Average Analyst Price Target: $25.00 (608.22%)
Market Cap: $282.18M
Last Year's EPS: $0.19
Consensus EPS Forecast: $0.29
Expected Earnings Date: Jul 17 2022
Recent Analyst Action: Kevin Dede, analyst at H.C. Wainwright, reiterates coverage on HIVE Blockchain Technologies (HIVE) in the Technology sector with a Buy rating and a price target of $ 25 (1 month ago).
TipRanks.com also reports that HIVE Blockchain Technologies currently has 1 analysts offering 12-month price targets and the consensus is a Moderate Buy rating with an average price target is $25.00 . The target pricing ranges from a high forecast of $25.00 down to a low forecast of $25.00. HIVE Blockchain Technologies (HIVE)’s last closing price was $3.53 which would put the average price target at 608.22% upside.Here are 3rd party ratings for HIVE:
- TipRanks.com: Moderate Buy
- TradingView.com: Buy
- Yahoo! Finance: Bullish Short-Term Outlook
- Barchart.com: Strong sell
- Zacks.com: Strong Buy, Top 37% (93 out of 251)
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Karooooo
Symbol: KARO
Recent Price: $21.40
Average Analyst Price Target: $40.50 (89.25%)
Market Cap: $662.37M
Last Year's EPS: $3.9
Consensus EPS Forecast: $0.25
Expected Earnings Date: Jul 17 2022
Recent Analyst Action: Roy Campbell, analyst at Morgan Stanley, reiterates coverage on Karooooo (KARO) in the Technology sector with a Buy rating and a price target of $ 41 (2 months ago).
TipRanks.com also reports that Karooooo currently has 3 analysts offering 12-month price targets and the consensus is a Strong Buy rating with an average price target is $40.50 . The target pricing ranges from a high forecast of $41.00 down to a low forecast of $40.00. Karooooo (KARO)’s last closing price was $21.40 which would put the average price target at 89.25% upside.Here are 3rd party ratings for KARO:
- TipRanks.com: Strong Buy
- TradingView.com: Sell
- Yahoo! Finance: Bearish Short-Term Outlook
- Barchart.com: Strong sell
- Zacks.com: Hold, Bottom 45% (139 out of 251)
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Adtran
Symbol: ADTN
Recent Price: $20.20
Average Analyst Price Target: $28.00 (38.61%)
Market Cap: $996.31M
Last Year's EPS: $0.16
Consensus EPS Forecast: $0.11
Expected Earnings Date: Jul 18 2022
Recent Analyst Action: Ryan Koontz, analyst at Needham, reiterates coverage on Adtran (ADTN) in the Technology sector with a Buy rating and a price target of $ 28 (3 days ago).
TipRanks.com also reports that Adtran currently has 2 analysts offering 12-month price targets and the consensus is a Moderate Buy rating with an average price target is $28.00 . The target pricing ranges from a high forecast of $28.00 down to a low forecast of $28.00. Adtran (ADTN)’s last closing price was $20.20 which would put the average price target at 38.61% upside.Here are 3rd party ratings for ADTN:
- TipRanks.com: Moderate Buy
- TradingView.com: Strong Buy
- Yahoo! Finance: Bearish Short-Term Outlook
- Barchart.com: Weak buy
- Zacks.com: Buy, Top 9% (23 out of 251)
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Lockheed Martin
Symbol: LMT
Recent Price: $398.38
Average Analyst Price Target: $501.92 (25.99%)
Market Cap: $106.01B
Last Year's EPS: $6.52
Consensus EPS Forecast: $1.88
Expected Earnings Date: Jul 18 2022
Recent Analyst Action: Sheila Kahyaoglu, analyst at Jefferies, reiterates coverage on Lockheed Martin (LMT) in the Technology sector with a Hold rating and a price target of $ 470 (4 days ago).
TipRanks.com also reports that Lockheed Martin currently has 12 analysts offering 12-month price targets and the consensus is a Moderate Buy rating with an average price target is $501.92 . The target pricing ranges from a high forecast of $539.00 down to a low forecast of $470.00. Lockheed Martin (LMT)’s last closing price was $398.38 which would put the average price target at 25.99% upside.Here are 3rd party ratings for LMT:
- TipRanks.com: Moderate Buy
- TradingView.com: Sell
- Yahoo! Finance: Neutral Short-Term Outlook
- Barchart.com: Weak sell
- Zacks.com: Hold, Bottom 44% (140 out of 251)
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Netflix
Symbol: NFLX
Recent Price: $189.11
Average Analyst Price Target: $256.50 (35.64%)
Market Cap: $84.02B
Last Year's EPS: $2.97
Consensus EPS Forecast: $2.96
Expected Earnings Date: Jul 18 2022
Recent Analyst Action: John Blackledge, analyst at Cowen & Co., reiterates coverage on Netflix (NFLX) in the Technology sector with a Buy rating and a price target of n/a (2 days ago).
TipRanks.com also reports that Netflix currently has 41 analysts offering 12-month price targets and the consensus is a Hold rating with an average price target is $256.50 . The target pricing ranges from a high forecast of $400.00 down to a low forecast of $157.00. Netflix (NFLX)’s last closing price was $189.11 which would put the average price target at 35.64% upside.Here are 3rd party ratings for NFLX:
- TipRanks.com: Hold
- TradingView.com: Buy
- Yahoo! Finance: Bearish Short-Term Outlook
- Barchart.com: Strong sell
- Zacks.com: Sell, Bottom 30% (175 out of 251)
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To Your Financial Future,
The Editor, TechStockMovers.com
TechStockMovers.com keeps investors informed on a variety of tech stocks including communications equipment, IT Services, Semiconductors, Software, Technical hardware, storage and peripherals, artificial intelligence (AI), cybersecurity and more. (TSM) aggregates market data from top tier financial content providers like Barchart.com, Tipranks.com, TradingView.com, Yahoo! Finance, and Zacks.com.
