The Zacks Analyst Blog Highlights Target, TJX, NVIDIA, Palo Alto Networks and Snowflake

For Immediate ReleaseChicago, IL – November 21, 2024 – Zacks.com announces the list of Stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Target TGT, TJX Companies TJX, NVIDIA NVDA, Palo Alto Networks PANW and Snowflake SNOW.Here are highlights from Wednesday’s Analyst Blog:NVIDIA Beats, After-Market Yawns; PANW and SNOW Report, TooMarket indexes were flat on the day Wednesday, with some mixed big-box retail earnings numbers from Target which missed and TJX Companies which beat, but without a lot to hang our hat on. The major indexes were in the red most of the day; only the Nasdaq was (slightly) there at the close.The Dow gained +139 points on the session, +0.32%, while the S&P 500 was virtually flat at +0.008% at the close and the small-cap Russell 2000 was +0.045% on the day. The Nasdaq posted a minor negative, -21 points or -0.11%. Bond yields remain tame at +4.412% on the 10-year and +4.319% on the 2-year.NVIDIA Beats Q3 Estimates Once AgainNVIDIA outperformed expectations for its eight straight earnings beat Wednesday afternoon, posting earnings of 81 cents per share versus 75 cents expected. This amounted to a year-over-year earnings gain of +103%. Revenues in the quarter grew to $35.1 billion, nicely above the anticipated $33.2 billion.In the quarter, revenue for NVIDIA’s Data Center grew +94% year over year and +17% quarter after quarter, to $30.8 billion. Non-GAAP Gross Margins guidance came in up +73.5%. And next-quarter revenue is now forecast to $37.5 billion. A damn good quarter, any way you slice it.Yet NVDA shares bounced around lower for a while on the news, currently -2% in late trading. This often happens when a company is up +53% in just the past six months; NVDA is up +200% year to date. This follows a previous stellar year in the market. In fact, the stock is up +2600% in the past five years. And still a Zacks Rank #1 (Strong Buy).Check out the updated Zacks Earnings Calendar here.Palo Alto Networks, Snowflake Also Top Earnings EstimatesNot to be outdone, Zacks Rank #2 (Buy)-rated cybersecurity firm Palo Alto Networks also posted a fiscal Q1 earnings beat in its fiscal Q1 yesterday afternoon: earnings of $1.56 per share surpassed the Zacks consensus $1.48 and the $1.38 per share reported in the year-ago quarter.Revenues were in-line with expectations at $2.1 billion, which may be the reason why shares sold off -5% on the news. Guidance pushed higher the top of its ranges — most impressively on full-year earnings up to $6.39 per share — with Next Generation Security ARR at the company +40% and guiding higher. Palo Alto also announced a 2-for-1 stock split.Montana-based software company Snowflake outpaced Q3 expectations on both top and bottom lines, with shares climbing +18% on the news in after-hours trading. Earnings of 22 cents a share outdid the Zacks consensus by 7 cents, while $900.3 million in revenues grew +29% year over year and beat the consensus $898.77 million. The company reported a Net Revenue Retention Rate of +127%.Questions or comments about this article and/or author? Click here>>Why Haven't You Looked at Zacks' Top Stocks?Since 2000, our top stock-picking strategies have blown away the S&P's +7.0 average gain per year. Amazingly, they soared with average gains of +44.9%, +48.4% and +55.2% per year.Today you can access their live picks without cost or obligation.See Stocks Free >>Media ContactZacks Investment Research800-767-3771 ext. 9339support@zacks.comhttps://www.zacks.comPast performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.Research Chief Names "Single Best Pick to Double"From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Target Corporation (TGT): Free Stock Analysis Report The TJX Companies, Inc. (TJX): Free Stock Analysis Report NVIDIA Corporation (NVDA): Free Stock Analysis Report Palo Alto Networks, Inc. (PANW): Free Stock Analysis Report Snowflake Inc. (SNOW): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks