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Analyst Ratings

CVNA

TSLA

Carvana Co (NYSE:CVNA) reported that its EV unit sales have grown by 786% over the last five years, with Tesla Inc (NASDAQ:TSLA) topping the list of bestsellers for the third year in a row. The Model 3 is the most popular used EV on Carvana due to its low prices. Tesla's strategy of lowering prices on its vehicles has boosted sales and driven better-than-expected delivery numbers. Tesla represents three of the top six bestselling EVs on Carvana's platform.

Portfolio Pulse from Adam Eckert

July 10, 2023 | 10:13 pm

COIN

CVNA

MTDR

MTUM

PDP

U

Tim Quast, CEO of ModernIR, discussed momentum trading strategies on Benzinga's 'PreMarket Prep', highlighting the importance of modest, repeated returns. He identified four momentum stocks with near daily volatility: Carvana Co (CVNA), Matador Resources Co (MTDR), Unity Software Inc (U), and Coinbase Global Inc (COIN). Quast also mentioned momentum trading-focused ETFs like the iShares MSCI USA Momentum Factor ETF (MTUM), and the Invesco DWA Momentum ETF (PDP). His strategy emphasizes riding the wave of a stock’s upward trend and selling as soon as there are signs of a downward trend.

Portfolio Pulse from AJ Fabino

July 10, 2023 | 9:01 pm

EBAY

Over the past 3 months, 8 analysts have published their opinion on eBay (NASDAQ:EBAY) stock. The average price target for eBay is $48.88, with a high of $59.00 and a low of $34.00. This average price target has increased by 4.0% over the past month.

Portfolio Pulse from Benzinga Insights

July 10, 2023 | 9:01 pm

IP

International Paper (NYSE:IP) has received mixed analyst ratings in the last quarter, with one somewhat bullish, one indifferent, one somewhat bearish, and one bearish rating. The average 12-month price target for the company, according to four analysts, is $33.25, a decrease of 5.67% from the previous average of $35.25.

Portfolio Pulse from Benzinga Insights

July 10, 2023 | 9:01 pm

CNM

Over the past 3 months, 11 analysts have published their opinion on Core & Main (NYSE:CNM) stock, with an average 12-month price target of $33.91. The average price target has increased by 12.66% over the past month. The analysts' ratings range from bullish to indifferent, with no bearish ratings.

Portfolio Pulse from Benzinga Insights

July 10, 2023 | 9:01 pm

CHKP

Analysts have provided mixed ratings for Check Point Software (NASDAQ:CHKP) in the last quarter, with 3 somewhat bullish, 8 indifferent, and 1 somewhat bearish. The average price target is $130.83, representing an upside from the current price of $124.56. However, this is a 4.43% decrease from the previous average price target of $136.89.

Portfolio Pulse from Benzinga Insights

July 10, 2023 | 9:00 pm

MPWR

Analysts have provided bullish and somewhat bullish ratings for Monolithic Power Systems (NASDAQ:MPWR) in the last quarter, with no bearish or indifferent ratings. The average 12-month price target for the company is $537.44, with a high of $625.00 and a low of $475.00. This average price target has increased by 0.15% over the past month.

Portfolio Pulse from Benzinga Insights

July 10, 2023 | 9:00 pm

CAH

In the last quarter, Cardinal Health (NYSE:CAH) received 1 bullish rating and 9 indifferent ratings from analysts. The company's average 12-month price target has increased by 8.83% to $91.9, with a high of $100.00 and a low of $85.00.

Portfolio Pulse from Benzinga Insights

July 10, 2023 | 9:00 pm

OKE

ONEOK's (NYSE:OKE) short percent of float has risen 7.17% since its last report, with 11.30 million shares sold short, which is 3.29% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. However, compared to its peers, ONEOK has less short interest as a percentage of float (3.48%).

Portfolio Pulse from Benzinga Insights

July 10, 2023 | 8:45 pm

LYG

Lloyds Banking Group's (NYSE:LYG) short percent of float has risen 40.0% since its last report, with 11.82 million shares sold short. This is 0.07% of all regular shares available for trading. Short interest can act as an indicator of market sentiment towards a stock. An increase in short interest can signal that investors have become more bearish. However, Lloyds Banking Group's peer group average for short interest as a percentage of float is 1.02%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

July 10, 2023 | 8:45 pm