{
  "id": 3987907,
  "title": "Analyst earnings roundup: Marvell, Elastic, Workday, and Gap after results",
  "url": "https://urgent.news/2026/08/28/analyst-earnings-roundup-marvell-elastic-workday-and-gap-after-results",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-28T15:46:55.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/stock-market-news/analyst-earnings-roundup-marvell-elastic-workday-and-gap-after-results-93CH-4881630"
  },
  "original_language": "en",
  "account": "Post-earnings activity among analysts has revealed a contrasting landscape, with Artificial Intelligence-related companies like Marvell experiencing declines despite meeting expectations, while turnaround companies such as Gap are receiving price target upgrades. Here's a breakdown of the Street's reactions to earnings this week.\n\nMarvell Technology (MRVL) experienced a 7.5% decline in the after-hours trading session, closing at $223, despite modestly surpassing Q2 estimates. Both revenue ($2.74B) and earnings per share ($0.94) came in slightly above expectations. Benchmark reiterated a Buy rating with a $275 price target, highlighting the stock's remarkable performance—up 196% over six months and 28% in a single month before earnings. The company's Q3 guidance of $3.15B in revenue and $1.10 EPS was described as a measured increase, coming in the wake of NVIDIA's announcement, which analysts deemed a much higher benchmark for the AI earnings season. This suggests that the standards for AI-related firms have been significantly raised.\n\nElastic NV (ESTC) managed to deliver strong results, beating expectations and raising guidance. Needham maintained a Hold rating, acknowledging the company's solid execution. Sales-led subscription revenue grew by 17% year-over-year to $398.5M, and total revenue increased by 15% to $478.1M. Management also raised FY27 guidance. Elastic's growth engines are identified as Security, Search & AI, and Observability.\n\nWorkday (WDAY) received an Outperform rating from William Blair, noting the stock's attractive valuation at 12.4x free cash flow for calendar 2027, compared to the peer median of 17.7x. Workday's shares have risen 71% since April lows but remain down 6% year-to-date. William Blair highlighted key risks, including macroeconomic headwinds, pressure on seat-based software models, and recent buyout rumors. The company's shares are up 71% from April lows but are still down 6% year-to-date.\n\nGap (GAP) saw a price target upgrade from UBS, raising the target to $42 from $40 and maintaining a Buy rating. The company's thesis revolves around a projected 23% EPS growth for FY2027, fueled by expansion in beauty and handbag categories. Gap reported Q2 adjusted EPS of $0.52, surpassing the $0.49 estimate, and raised full-year earnings, operating margin, and gross margin guidance. The stock trades at a low valuation of 8.5x P/E, with UBS predicting a re-rating to 13x. Analysts' take: this week's dominant theme is asymmetric expectations. AI-related firms must not just meet but exceed expectations, or face punishment from the market. On the other hand, value-oriented turnaround stories like Gap and reasonably-priced compounders like Elastic and Workday are being rewarded for consistent performance. The prevailing sentiment is: either demonstrate extraordinary results or find opportunities elsewhere.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Seeking Alpha News",
        "title": "Elastic soars 24% on strong results, raised FY27 earnings guidance",
        "url": "https://urgent.news/2026/08/28/elastic-soars-24-on-strong-results-raised-fy27-earnings-guidance",
        "published": "2026-08-28T14:45:50.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}