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Analyst Ratings

LSXMA

QQQ

QQQM

SIRI

SiriusXM Holdings Inc (SIRI) experienced a nearly 66% surge in share prices due to a short squeeze, attracting the attention of meme stock investors. However, the stock later retreated following analyst downgrades from Deutsche Bank and Seaport Research. The surge was attributed to high short interest and preemptive buying driven by the impending NASDAQ 100 rebalance, tracked by the Invesco NASDAQ 100 ETF (QQQM). The NASDAQ-100 rebalancing may have triggered the buying of about 15 million SiriusXM shares by the Invesco QQQ Trust (QQQ). Some also attribute the stock’s sudden surge to investors unwinding a trade where they were long shares of Liberty Media Corp Series A (LSXMA), a stock created by Liberty Media which tracks, and shorts SiriusXM.

Portfolio Pulse from AJ Fabino

July 21, 2023 | 4:22 pm

IAS

Stifel analyst Mark Kelley maintains a 'Buy' rating on Integral Ad Science (NASDAQ:IAS) and raises the price target from $20 to $23.

Portfolio Pulse from Benzinga Newsdesk

July 21, 2023 | 4:20 pm

DV

Stifel analyst Mark Kelley maintains a 'Buy' rating on DoubleVerify Hldgs (NYSE:DV) and raises the price target from $35 to $44.

Portfolio Pulse from Benzinga Newsdesk

July 21, 2023 | 4:18 pm

BIIB

Unusual options activity has been observed for Biogen (NASDAQ:BIIB), with a large position indicating a bullish stance. The sentiment among these big-money traders is split evenly between bullish and bearish. The options activity suggests a target price range of $200 to $350 for Biogen over the last three months. Current price of BIIB is $276.65, up 0.71%. RBC Capital and Morgan Stanley maintain their positive ratings on Biogen with price targets of $341 and $355 respectively, while Needham and HC Wainwright & Co. have downgraded their actions to Buy with price targets of $321 and $325 respectively.

Portfolio Pulse from Benzinga Insights

July 21, 2023 | 4:17 pm

GOOGL

Stifel analyst Scott Devitt maintains a Buy rating on Alphabet (NASDAQ:GOOGL) and raises the price target from $130 to $135.

Portfolio Pulse from Benzinga Newsdesk

July 21, 2023 | 4:14 pm

CZR

Barclays has maintained an Overweight rating on Caesars Entertainment and raised its price target from $70 to $72. This has led to a rise in the company's shares.

Portfolio Pulse from Benzinga Newsdesk

July 21, 2023 | 4:12 pm

XPEV

JP Morgan has downgraded XPeng's stock from Neutral to Underweight, but increased its price target from $7.5 to $10. This has resulted in XPeng shares trading lower.

Portfolio Pulse from Benzinga Newsdesk

July 21, 2023 | 4:08 pm

EL

TD Cowen analyst Oliver Chen maintains an Outperform rating on Estee Lauder Cos (NYSE:EL) but lowers the price target from $235 to $210.

Portfolio Pulse from Benzinga Newsdesk

July 21, 2023 | 4:07 pm

KNX

TD Cowen analyst Jason Seidl maintains an Outperform rating on Knight-Swift (NYSE:KNX) but lowers the price target from $62 to $59.

Portfolio Pulse from Benzinga Newsdesk

July 21, 2023 | 4:05 pm

UAL

TD Cowen analyst Helane Becker maintains an Outperform rating on United Airlines Holdings (NASDAQ:UAL) and raises the price target from $65 to $70.

Portfolio Pulse from Benzinga Newsdesk

July 21, 2023 | 4:04 pm