Streetbeat News

Analyst Ratings

EOG

EOG Resources's short percent of float has risen 14.29% since its last report, with 7.96 million shares sold short, which is 1.36% of all regular shares available for trading. It would take traders 2.56 days to cover their short positions on average. The company's short interest is less than its peer group average of 6.24%.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 6:00 pm

EA

Electronic Arts's (NYSE:EA) short percent of float has fallen 12.18% since its last report, indicating a more bullish sentiment towards the stock. The company has 4.69 million shares sold short, which is 1.73% of all regular shares available for trading. Compared to its peers, EA has less short interest as a percentage of float, with an average of 3.14%.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 6:00 pm

DT

Over the past 3 months, 21 analysts have published their opinion on Dynatrace (NYSE:DT) stock. The average price target for Dynatrace has increased by 8.99% from the previous average price target of $49.50 to $53.95. The majority of the ratings are bullish.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 6:00 pm

SPOT

Deutsche Bank analyst Benjamin Black upgraded Spotify Technology SA (NYSE:SPOT) from Hold to Buy with a $180 price target. The upgrade is due to outperforming metrics, 3Q gross margin guide beating consensus, and narrowed operating losses. Black expects ARPU to improve from 3Q onward with pricing as a growth driver. The price increase is expected to drive about 40bps of gross margin improvement from leverage on streaming delivery costs. FY23 operating income forecast decreased due to higher write-downs and increased FX headwinds.

Portfolio Pulse from Anusuya Lahiri

July 26, 2023 | 5:38 pm

PEP

Unusual options activity has been observed for PepsiCo (NASDAQ:PEP), with a large bullish position appearing on publicly available options history. Benzinga's options scanner spotted 11 options trades for PepsiCo, with 81% bullish sentiment and 18% bearish. The price range targeted by these 'whales' over the last 3 months is from $130.0 to $195.0. The price of PEP is currently up 0.22% at $191.78. Several financial institutions have maintained their positive ratings on PepsiCo, with price targets ranging from $195 to $212.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 5:31 pm

MPWR

TXN

Shares of Monolithic Power Systems Inc (NASDAQ:MPWR) are trading lower by 5.43% due to a negative sentiment in the semiconductor and chip stocks sector, following Texas Instruments Inc's lower than expected third-quarter EPS guidance. Texas Instruments reported a 23.67% decrease in quarterly earnings per share, but exceeded expectations with quarterly sales of $4.53 billion. The overall market volatility ahead of the Fed decision also contributed to the decline in MPWR's shares.

Portfolio Pulse from Henry Khederian

July 26, 2023 | 5:16 pm

ECL

Ecolab's (NYSE:ECL) short percent of float has risen 21.92% since its last report, with 2.20 million shares sold short, which is 0.89% of all regular shares available for trading. It would take traders 2.1 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. Ecolab's peer group average for short interest as a percentage of float is 3.77%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 5:15 pm

CTSH

Cognizant Tech Solns's (NYSE:CTSH) short percent of float has fallen 6.82% since its last report, indicating a more bullish market sentiment towards the company. The company has 7.37 million shares sold short, which is 1.64% of all regular shares available for trading. Compared to its peers, Cognizant has less short interest as a percentage of float, with the average being 4.53%.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 5:15 pm

LHX

L3Harris Technologies (NYSE:LHX) has seen a 4.6% rise in its short percent of float since its last report, with 1.73 million shares sold short. This represents 0.91% of all regular shares available for trading. The increase in short interest could indicate a bearish market sentiment towards L3Harris. However, compared to its peers, L3Harris has less short interest, with an average of 3.38% for its peer group.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 5:15 pm

AMD

TXN

Shares of Advanced Micro Devices, Inc. (AMD) are trading lower by 2.52% due to lower guidance from Texas Instruments Inc (TXN) and overall market volatility. Texas Instruments reported a 23.67% decrease in quarterly earnings but exceeded sales expectations. AMD's 52-week high is $132.83 and low is $54.57.

Portfolio Pulse from Henry Khederian

July 26, 2023 | 5:13 pm