Streetbeat News

Analyst Ratings

SONY

Sony Group's (NYSE:SONY) short percent of float has risen 9.09% since its last report, with 1.51 million shares sold short. This indicates that more traders are betting on the stock's price to fall. However, compared to its peers, Sony has less short interest as a percentage of float, which is 4.56% on average.

Portfolio Pulse from Benzinga Insights

July 20, 2023 | 5:45 pm

ADP

Automatic Data Processing's (NYSE:ADP) short percent of float has fallen 4.0% since its last report, with 4.97 million shares sold short, which is 1.2% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards ADP. Compared to its peers, ADP has less short interest as a percentage of float, with the average being 5.99%.

Portfolio Pulse from Benzinga Insights

July 20, 2023 | 5:45 pm

TTWO

Take-Two Interactive's (NYSE:TTWO) short percent of float has risen 6.8% since its last report, with 5.57 million shares sold short, which is 3.3% of all regular shares available for trading. This indicates that more traders are betting on the stock's price to fall. However, an increase in short interest can sometimes be bullish for a stock.

Portfolio Pulse from Benzinga Insights

July 20, 2023 | 5:45 pm

TSLA

Tesla Inc's stock plunged over 8% following its Q2 earnings release, despite beating expectations. Analysts from four firms raised their price targets for the stock. Baird analyst Ben Kallo maintains Tesla as a “Best Pick” for the second half of 2023, noting the company's declining margins. Despite the sell-off, the stock's uptrend has not been negated, and the downturn occurred on lower-than-average volume, suggesting bullish control.

Portfolio Pulse from Melanie Schaffer

July 20, 2023 | 5:40 pm

APLS

Apellis Pharmaceuticals Inc's stock has dropped around 50% due to safety concerns related to its product, Syfovre. The company disclosed that retinal vasculitis events are occurring at a rate of ~1/10,000 injections. Wedbush analyst has lowered the price target from $86 to $40, with a Neutral rating. The analyst also mentioned that the potential entry of Zimura from Iveric Bio/Astellas could affect Syfovre's market share.

Portfolio Pulse from Vandana Singh

July 20, 2023 | 5:38 pm

LLY

Truist Securities analyst Robyn Karnauskas has reiterated a Buy rating on Eli Lilly And Company (LLY), raising the price target to $525 from $430. Karnauskas believes LLY is building a solid franchise in Alzheimer's disease and diabetes/obesity led by donanemab and Mounjaro. The analyst raised donanemab sales estimates for FY23 from $5 billion to $8 billion and Mounjaro sales estimates for FY23 to $41 billion from $33 billion. For FY23, Karnauskas expects LLY's revenues to jump 9.7% to $31.32 billion.

Portfolio Pulse from Nabaparna Bhattacharya

July 20, 2023 | 5:36 pm

MNST

Monster Beverage's stock has been mentioned in a popular retail investor newsletter.

Portfolio Pulse from Happy Mohamed

July 20, 2023 | 5:18 pm

C

A significant bullish stance has been taken on Citigroup (NYSE:C) by an unknown entity, possibly an institution or wealthy individual. This was noticed through publicly available options history. The overall sentiment of these big-money traders is split between 50% bullish and 50% bearish. The whales have been targeting a price range from $45.0 to $60.0 for Citigroup over the last 3 months. Various experts have given different ratings and price targets for Citigroup.

Portfolio Pulse from Benzinga Insights

July 20, 2023 | 5:17 pm

VZ

A significant bearish stance has been taken on Verizon Communications (NYSE:VZ) as indicated by unusual options activity. The sentiment among these big-money traders is split between 40% bullish and 60% bearish. The whales have been targeting a price range from $30.0 to $38.0 for Verizon over the last 3 months. Morgan Stanley has downgraded its action to Overweight with a price target of $44 while Wells Fargo maintains their Equal-Weight rating with a price target of $36.

Portfolio Pulse from Benzinga Insights

July 20, 2023 | 5:17 pm

AAPL

AMZN

DIS

FWONA

GOOG

NFLX

ROKU

Netflix Inc (NASDAQ:NFLX) has indicated that it will not be a major player in the live sports market, focusing instead on sports docuseries. The company's co-CEO, Ted Sarandos, stated that Netflix can offer a strong selection for sports fans without the economic challenges of live sports licensing. This comes as Netflix aims to control aggressive spending. Other streaming companies, such as Amazon.com Inc (NASDAQ:AMZN), Apple Inc (NASDAQ:AAPL), and Alphabet Inc (NASDAQ:GOOG)(NASDAQ:GOOGL), have secured rights to various sports events, potentially gaining a live content edge over Netflix.

Portfolio Pulse from Chris Katje

July 20, 2023 | 5:13 pm