Movement Alert|Linde PLC Rises 3.46% Overnight, Multiple Institutions Raise Price Targets Ahead of Earnings Release

Market Focus
Jul 27

On July 27, Linde PLC rose 3.46% overnight, trading at $512.61/share, with turnover of $43,200.

The move was driven by upcoming quarterly earnings on July 31 combined with multiple analyst price target upgrades. Market consensus expects Q2 revenue of $8.989 billion, up 7.62% year-over-year, with adjusted EPS of $4.48, representing 11.20% growth. In July alone, UBS raised its target to $622 from $600, RBC lifted to $576 from $570, and Evercore ISI adjusted to $525 from $515. UBS research further noted that the growing space launch market could boost Linde's annual volume growth by 30 to 70 basis points, with commercial space propellant sales potentially reaching $1.3 billion by 2030.

In Q1, Linde beat estimates with adjusted EPS of $4.33 versus the $4.26 consensus, on revenue of $8.781 billion. Full-year guidance was set at adjusted EPS of $17.60 to $17.90.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10