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Analysts are Revising Prices Targets of These 10 Stocks After Earnings

In this article, we will take a look at the 10 stocks that received updated price targets from analysts after their recent earnings. If you want to see some more companies on the list, go directly to Analysts are Revising Prices Targets of These 5 Stocks After Earnings.

The Dow Jones Industrial Average and S&P 500 gained 1.27 percent and 0.04 percent, respectively, as of 01:21 PM ET today. The surge was apparently driven by positive GDP data for the third quarter. The data showed that U.S. GDP improved 2.6 percent in the September quarter, above analysts’ average estimate calling for a gain of 2.4 percent. On the other hand, the 10-year Treasury yield dropped below 4 percent, adding to the gains of these indices.

However, the tech-dominated Nasdaq Composite once again fell on Thursday morning following disappointing financial results of Meta Platforms, Inc. (NASDAQ:META). The social network giant missed earnings expectations for Q3 and issued a weak sales outlook for the current quarter.

The latest earnings sent Meta Platforms, Inc. (NASDAQ:META) shares down to a nearly seven-year low. Meanwhile, several analysts trimmed their price targets for Meta Platforms, Inc. (NASDAQ:META), following the results.

In addition, ServiceNow, Inc. (NYSE:NOW) and Canadian Pacific Railway Limited (NYSE:CP) were also among the notable companies that received updated price targets from analysts after their recent earnings. Check out the complete article to see why analysts revised their price targets for these stocks.

10. IDEX Corporation (NYSE:IEX)

Number of Hedge Fund Holders: 25

Mizuho lifted its price target for IDEX Corporation (NYSE:IEX) from $205 per share to $208 per share on Thursday, October 27. The research firm’s increased price reflects the company’s better-than-expected Q3 results.

IDEX Corporation (NYSE:IEX) recently reported adjusted earnings of $2.14 per share, topping the consensus of $2 per share. The third-quarter revenue also jumped 16 percent versus the year-ago period to $824 million, smashing the expectations of $780.88 million.

In addition, IDEX Corporation (NYSE:IEX) also improved its full-year adjusted earnings outlook to a range of $8.04 – $8.09 per share.

9. V.F. Corporation (NYSE:VFC)

Number of Hedge Fund Holders: 29

JPMorgan slashed its price target for V.F. Corporation (NYSE:VFC) from $35 per share to $29 per share on Thursday, October 27. Analyst Tom Nikic was primarily moved by the apparel and footwear company’s revised profit outlook for the full year.

V.F. Corporation (NYSE:VFC) recently decreased its fiscal 2023 adjusted profit outlook to a range of $2.40 – $2.50 per share, from its previous projection between $2.60 – $2.70 per share. The company blamed currency headwinds and elevated inventory levels for the weakness.

The Denver-based company updated the outlook along with its fiscal second quarter results. V.F. Corporation (NYSE:VFC) reported adjusted earnings of 73 cents per share, below the consensus of 75 cents. Revenue for the quarter declined about 4 percent on a year-over-year basis to $3.1 billion, nearly matching expectations.

8. Teladoc Health, Inc. (NYSE:TDOC)

Number of Hedge Fund Holders: 32

Barclays trimmed its price target for Teladoc Health, Inc. (NYSE:TDOC) from $33 per share to $32 per share on Thursday, October 27. The price-target cut apparently came after Teladoc reduced the upper end of its 2022 adjusted EBITDA outlook from $265 million to $250 million.

Nevertheless, Teladoc Health, Inc. (NYSE:TDOC) shares climbed over 10 percent on Thursday morning following its impressive financial results for the third quarter. The virtual healthcare company reported a loss of 45 cents per share, narrower than a loss of 53 cents per share in the year-ago period.

In addition, Teladoc Health, Inc. (NYSE:TDOC) posted revenue of $611.4 million, representing a surge of 17 percent on a year-over-year basis. The results were better than analysts’ average estimate for a loss of 55 cents per share on revenue of $608.76 million.

Like Teladoc Health, Inc. (NYSE:TDOC), analysts also revised their price targets for Meta Platforms, Inc. (NASDAQ:META), ServiceNow, Inc. (NYSE:NOW) and Canadian Pacific Railway Limited (NYSE:CP), after their recent earnings.

7. Align Technology, Inc. (NASDAQ:ALGN)

Number of Hedge Fund Holders: 33

Shares of Align Technology, Inc. (NASDAQ:ALGN) plunged to a new 52-week low on Thursday, October 27, after posting disappointing financial results for the third quarter. Several analysts cut their price targets for the medical device company following its weak quarterly performance.

Piper Sandler analyst Jason Bednar cut his price target for Align Technology, Inc. (NASDAQ:ALGN) from $300 to $230, while Stifel analyst Jonathan Block trimmed his price target for the stock from $325 to $265. Both analysts were primarily moved by the company’s recent earnings.

Meanwhile, Align Technology, Inc. (NASDAQ:ALGN) attributed the weak performance to macroeconomic uncertainty, unfavorable foreign exchange rates and fading consumer confidence.

Overall, Align Technology, Inc. (NASDAQ:ALGN) reported adjusted earnings of $1.36 per share for the third quarter, well below $2.87 per share in the corresponding period of 2021. Sales also dropped 12.4 percent versus last year to $890.3 million. The results missed analysts’ average estimate of $2.21 per share for earnings and $974.89 million for revenue.

6. O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Number of Hedge Fund Holders: 41

Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) climbed to a new 52-week high on Thursday, October 27, after crushing financial expectations for the third quarter. The impressive performance compelled Wells Fargo to raise its price target for the auto parts retailer from $800 per share to $850 per share.

O’Reilly Automotive, Inc. (NASDAQ:ORLY) reported earnings of $9.17 per share, up from $8.07 per share in the year-ago period. Revenue for the quarter also advanced 9 percent versus last year to $3.80 billion. Analysts were looking for earnings of $8.47 per share on revenue of $3.71 billion.

Looking forward, O’Reilly Automotive, Inc. (NASDAQ:ORLY) guided for earnings in the range of $32.35 – $32.85 per share and revenue between $14.1 – $14.3 billion for the full year.

Speaking on the results, CEO of O’Reilly Automotive, Inc. (NASDAQ:ORLY), Greg Johnson, said in a statement:

“We are pleased to report very strong performance in the third quarter, highlighted by a 7.6% increase in comparable store sales and an incredible three-year stacked comparable store sales increase of 31.2%.”

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Disclosure: None. Analysts are Revising Prices Targets of These 10 Stocks After Earnings is originally published on Insider Monkey.

AI, Tariffs, Nuclear Power: One Undervalued Stock Connects ALL the Dots (Before It Explodes!)

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

AI is eating the world—and the machines behind it are ravenous.

Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink.

Wall Street is pouring hundreds of billions into artificial intelligence—training smarter chatbots, automating industries, and building the digital future. But there’s one urgent question few are asking:

Where will all of that energy come from?

AI is the most electricity-hungry technology ever invented. Each data center powering large language models like ChatGPT consumes as much energy as a small city. And it’s about to get worse.

Even Sam Altman, the founder of OpenAI, issued a stark warning:

“The future of AI depends on an energy breakthrough.”

Elon Musk was even more blunt:

“AI will run out of electricity by next year.”

As the world chases faster, smarter machines, a hidden crisis is emerging behind the scenes. Power grids are strained. Electricity prices are rising. Utilities are scrambling to expand capacity.

And that’s where the real opportunity lies…

One little-known company—almost entirely overlooked by most AI investors—could be the ultimate backdoor play. It’s not a chipmaker. It’s not a cloud platform. But it might be the most important AI stock in the US owns critical energy infrastructure assets positioned to feed the coming AI energy spike.

As demand from AI data centers explodes, this company is gearing up to profit from the most valuable commodity in the digital age: electricity.

The “Toll Booth” Operator of the AI Energy Boom

  • It owns critical nuclear energy infrastructure assets, positioning it at the heart of America’s next-generation power strategy.
  • It’s one of the only global companies capable of executing large-scale, complex EPC (engineering, procurement, and construction) projects across oil, gas, renewable fuels, and industrial infrastructure.
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Trump has made it clear: Europe and U.S. allies must buy American LNG.

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As Trump’s proposed tariffs push American manufacturers to bring their operations back home, this company will be first in line to rebuild, retrofit, and reengineer those facilities.

AI. Energy. Tariffs. Onshoring. This One Company Ties It All Together.

While the world is distracted by flashy AI tickers, a few smart investors are quietly scooping up shares of the one company powering it all from behind the scenes.

AI needs energy. Energy needs infrastructure.

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This company has its finger in every pie—and Wall Street is just starting to notice.

Wall Street is noticing this company also because it is quietly riding all of these tailwinds—without the sky-high valuation.

While most energy and utility firms are buried under mountains of debt and coughing up hefty interest payments just to appease bondholders…

This company is completely debt-free.

In fact, it’s sitting on a war chest of cash—equal to nearly one-third of its entire market cap.

It also owns a huge equity stake in another red-hot AI play, giving investors indirect exposure to multiple AI growth engines without paying a premium.

And here’s what the smart money has started whispering…

The Hedge Fund Secret That’s Starting to Leak Out

This stock is so off-the-radar, so absurdly undervalued, that some of the most secretive hedge fund managers in the world have begun pitching it at closed-door investment summits.

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Why? Because excluding cash and investments, this company is trading at less than 7 times earnings.

And that’s for a business tied to:

  • The AI infrastructure supercycle
  • The onshoring boom driven by Trump-era tariffs
  • A surge in U.S. LNG exports
  • And a unique footprint in nuclear energy—the future of clean, reliable power

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A New Dawn is Coming to U.S. Stocks

I work for one of the largest independent financial publishers in the world – representing over 1 million people in 148 countries.

We’re independently funding today’s broadcast to address something on the mind of every investor in America right now…

Should I put my money in Artificial Intelligence?

Here to answer that for us… and give away his No. 1 free AI recommendation… is 50-year Wall Street titan, Marc Chaikin.

Marc’s been a trader, stockbroker, and analyst. He was the head of the options department at a major brokerage firm and is a sought-after expert for CNBC, Fox Business, Barron’s, and Yahoo! Finance…

But what Marc’s most known for is his award-winning stock-rating system. Which determines whether a stock could shoot sky-high in the next three to six months… or come crashing down.

That’s why Marc’s work appears in every Bloomberg and Reuters terminal on the planet…

And is still used by hundreds of banks, hedge funds, and brokerages to track the billions of dollars flowing in and out of stocks each day.

He’s used this system to survive nine bear markets… create three new indices for the Nasdaq… and even predict the brutal bear market of 2022, 90 days in advance.

Click to continue reading…