A handful of “Magnificent Seven” tech mega-caps will post earnings next week, and a cloud services giant among them has momentum going into its report. The peak of earnings season is right around the corner as over 150 S & P 500 companies are set to report in the coming week. More than half of the ‘Magnificent Seven’ will be headlining as Apple , Microsoft , Meta Platforms and Amazon will release earnings on Wednesday and Thursday. CNBC Pro screened data from FactSet to find the S & P 500 companies reporting results next week that have seen accelerated earnings momentum lately. The stocks in the table below match the following criteria: Analysts increased their 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 sits at the top of the table and is set to report earnings on Thursday. Investors set high expectations, revising earnings estimates by more than 400% in the past 90 days. On Monday, Truist Securities reiterated its buy rating and price target. “We believe the area of focus among investors remains AWS, which should show sequential acceleration in Y/Y growth for the 5th consecutive quarter in a row driven by strength across both core and AI-related workflow,” analyst Youssef Squali wrote. Truist Securities’ price target is $320, indicating a 38% increase from Friday’s close. Shares are up marginally on the year. Another firm that made the list is IQVIA Holdings . The healthcare information technology stock is down nearly 8% this year, yet 80% of analysts following the stock rate it a buy or overweight. IQVIA is slated to report on Tuesday. Deutsche Bank analyst Justin Bowers wrote in a July 9 note that the stock has underperformed due to “misplaced fears” around the company’s business mix and the threat of artificial intelligence and machine learning. “Recent industry checks and favorable macro trends like strengthening biotech funding and increasing Biopharma M & A provide proof points of the cyclical recovery in end-market demand,” the analyst wrote. “We believe this backdrop along with the company’s leadership positions in [Real World Evidence] and AI/ML, and negative sentiment, increases the probabilities of positive surprises.” Deutsche Bank set a price target at $240, suggesting a 15% increase in the next 12 months. Analysts have high expectations for Vertiv Holdings , revising earnings-per-share estimates up 393% in the past three months. The data center infrastructure company, which specializes in power and cooling, will report on Wednesday. In a July 15 note, Baird started its coverage with an outperform rating and $370 price target — implying 27% upside from Friday’s close. Shares are up almost 80% in 2026. “We like Vertiv as a data center pure-play, whose foundational NVIDIA alignment supports strong innovation visibility,” analyst Luke Junk stated. Nvidia and Vertiv have collaborated on several AI infrastructure projects . “The company’s $24 billion capital allocation bazooka is also compelling, with expanding VRT’s $/MW and further building out services both attractive uses of capital,” the analyst added. Other stocks on CNBC Pro’s list include Generac Holdings , CBRE Group and Cigna .
