Goldman Sachs analysts noted that a range of stocks will be snapped up as earnings season gets underway. The company said there are a number of buy-rated companies with upcoming quarterly reports. These names include LivaNova, Spotify Technology, TKO Group and ServiceNow. “SPOT is the clear global audio platform leader,” Spotify Technology analyst Eric Sheridan wrote in a quarterly earnings preview to clients. The company said it believes the streaming service provider’s November earnings report will be Bring about a series of positive drivers. These include “compound user growth, increasing engagement across multiple format structures, and pricing power,” Sheridan wrote. Margins are also improving, he said, as the company finally sees its long-awaited goals achieved. Sheridan is also bullish on the company’s new chief financial officer, Christian Luiga, who was appointed to the position in April. The analyst said investors are eager to hear a more “consistent” policy on shareholder returns. The stock is set to gain nearly 99% by 2024. Analyst Stephen Laszczyk said investor sentiment has “improved significantly” in recent weeks and cited a series of positive catalysts for his paper. The analyst said demand for mixed martial arts events like the UFC remains high. Additionally, Laszczyk believes competition for sports rights remains fierce, which puts TKO in a strong negotiating position. The analyst said his survey also showed no signs of slowing consumption, as demand for live events remains strong. The firm warned that TKO’s quarterly results could come in below consensus but said it still held on to the stock. TKO Group shares will rise 56% by 2024. The company said investors should take advantage of any decline in the medical device company’s stock price. “With the business generating consistent results and improving margins, we believe this period of underperformance will fade away,” Roman wrote. The analyst said LivaNova is “entering a period with clear, more pronounced baseline growth period of driving forces and driven by underlying revenue and (earnings per share) upside,” Roman said, adding that the company should get a boost from “new product cycles and pipeline options.” Meanwhile, LivaNova is expected to report earnings at the end of October. By 2024, the share price will rise by more than 1%. Spotify Technology “SPOT is the clear leader in global audio platforms, which we expect to translate into compound user growth at scale, increasing engagement across multiple formats and pricing power over the forecast period of our operations. … More Consistent The potential of the shareholder return policy is more reflective of ServiceNow’s global TMT peer group in the coming years. Share of $15 billion in TAM (total addressable market) over the long term, we are 5% ahead of management’s target of over $15 billion in revenue by fiscal 2027 because we believe in solid execution and compelling Impressive pace of innovation positions company to sustainably grow 20%+ with best-in-class unit economics Enhanced by potential revenue and EPS upside from the new product cycle and pipeline optionality… We believe the underperformance in this period will fade as the business produces consistent results and the margin profile strengthens Being in the rear-view mirror…Positive earnings revisions and continued business momentum represent the core of our thesis, and we think the stock is likely to be re-rated higher on price to earnings over the next 12 months. “In our view, investors. Confidence in TKO Group and the wider sports media industry has improved significantly over the past few weeks, as strengthening statements and data points during the quarter support the view that: i) sports rights remain at high demand from content publishers and ii) live events We haven’t seen any signs of consumer weakness in ticket volumes or pricing.
