As earnings season intensifies, tech giants like Amazon are showing strong momentum heading into their reports. CNBC Pro’s analysis identified companies with accelerated earnings estimates and high analyst ratings, including Amazon, IQVIA Holdings, and Vertiv Holdings.
Amazon, in particular, has seen significant upward revisions in earnings estimates, with analysts pointing to AWS growth and AI-driven opportunities. Other notable mentions include Vertiv, a data center infrastructure firm, and IQVIA Holdings, a healthcare IT company.
Amazon and Tech Giants Eye Momentum Ahead of Earnings Reports
As the peak of earnings season approaches, several "Magnificent Seven" tech giants, including Amazon, are poised to release their quarterly results next week. CNBC Pro's analysis of FactSet data highlights companies with accelerating earnings momentum, strong analyst ratings, and significant upside potential.
Key Companies with Earnings Momentum
Over 150 S&P 500 companies are scheduled to report, with a significant portion of the "Magnificent Seven" set to dominate the headlines. Apple, Microsoft, Meta Platforms, and Amazon will all release their earnings on Wednesday and Thursday. CNBC Pro identified stocks that meet specific criteria:
Analysts have increased earnings estimates by at least 10% in the past three and six months.
At least 55% of analysts have buy or overweight ratings.
The average upside to the price target is 20% or more.
Amazon Leads the Pack
Amazon (AMZN) stands out at the top of the list, with investors anticipating strong performance. Earnings estimates have been revised upward by over 400% in the past 90 days. Truist Securities reiterated a buy rating with a $320 price target, suggesting a 38% increase from recent closing prices. Analyst Youssef Squali highlighted the focus on AWS, expecting its year-over-year growth to accelerate for the fifth consecutive quarter, driven by both core services and AI-related workloads. Despite a marginal increase in share price year-to-date, the outlook remains positive.
Amazon is among the tech giants with strong momentum heading into earnings season.
Other Notable Companies
IQVIA Holdings (IQV), a healthcare information technology firm, is scheduled to report on Tuesday. Despite being down nearly 8% year-to-date, 80% of analysts rate the stock as a buy or overweight. Deutsche Bank analyst Justin Bowers believes the stock has underperformed due to "misplaced fears" regarding its business mix and AI threats. Favorable macro trends, including strengthening biotech funding and increased biopharma M&A, along with IQVIA's leadership in Real World Evidence and AI/ML, point to potential positive surprises. Deutsche Bank has set a $240 price target, indicating a 15% upside.
Vertiv Holdings (VRT), a data center infrastructure company specializing in power and cooling, will report on Wednesday. Analysts have significantly revised EPS estimates upward by 393% in the past three months. Baird initiated coverage with an outperform rating and a $370 price target, implying a 27% upside. The company's collaboration with NVIDIA on AI infrastructure projects and its substantial capital allocation plan are seen as key strengths. Shares are up nearly 80% in 2026.
Other stocks highlighted by CNBC Pro's screening include Generac Holdings (GNRC), CBRE Group (CBRE), and Cigna (CI).
The upcoming earnings reports from these tech leaders will be closely watched for insights into the ongoing growth trends in cloud computing, AI, and broader market sentiment.
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