Streetbeat News

Analyst Ratings

ZS

A 'golden cross' has formed on the chart of Zscaler (NASDAQ:ZS), which could be bullish for the stock. This occurs when the 50-day moving average crosses above the 200-day moving average, indicating a potential upward trend. Zscaler is currently trading around $139.78. The company has consistently exceeded earnings and revenue estimates in recent quarters.

Portfolio Pulse from Benzinga Insights

July 06, 2023 | 2:47 pm

SE

A significant bearish stance has been taken on Sea (NYSE:SE) by a large investor, as indicated by a large position in options. The overall sentiment of these big-money traders is 30% bullish and 70% bearish. The price of SE is currently down -5.11% at $55.02, and RSI indicators suggest that the stock may be oversold. The next earnings are expected to be released in 40 days.

Portfolio Pulse from Benzinga Insights

July 06, 2023 | 2:47 pm

BABA

A significant bearish stance has been taken on Alibaba Group Holding (NYSE:BABA) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split between 46% bullish and 53% bearish. Whales have been targeting a price range from $70.0 to $160.0 for Alibaba over the last 3 months. The price of BABA is currently down -1.52% at $83.02. Bernstein downgraded its action to Market Perform with a price target of $98, Loop Capital maintained their Buy rating with a price target of $135, and Benchmark downgraded its action to Buy with a price target of $180.

Portfolio Pulse from Benzinga Insights

July 06, 2023 | 2:47 pm

UBER

A significant bearish stance has been taken on Uber Technologies (NYSE:UBER) as indicated by unusual options activity. The sentiment among big-money traders is split between 39% bullish and 60% bearish. Whales have been targeting a price range from $30.0 to $60.0 for Uber over the last 3 months. The price of UBER is currently down -2.19% at $42.7. Several financial institutions have maintained their positive ratings on Uber, with price targets ranging from $50 to $65.

Portfolio Pulse from Benzinga Insights

July 06, 2023 | 2:47 pm

CCCC

Brookline Capital has issued a note stating that the FDA-clearance of IND supports their outlook that C4 Therapeutics' CFT8634 could enter the third-line NSCLC market and could have sales of $1.1 billion. They have given C4 Therapeutics a buy rating and a price target of $84.

Portfolio Pulse from Happy Mohamed

July 06, 2023 | 2:41 pm

BTCUSD

Cryptocurrency services provider Matrixport predicts that Bitcoin (BTC) could reach a value of $125,000 by the end of 2024. This prediction is based on historical data indicating that a prolonged bullish trend typically follows the end of a bear market. The next halving of the mining reward, which often triggers an upward trend, is expected to occur in March/April 2024.

Portfolio Pulse from Murtuza Merchant

July 06, 2023 | 2:38 pm

UVE

Piper Sandler analyst Paul Newsome maintains an Overweight rating on Universal Insurance Hldgs (NYSE:UVE) but lowers the price target from $23 to $22.

Portfolio Pulse from richadhand@benzinga.com

July 06, 2023 | 2:33 pm

UFCS

Piper Sandler analyst Paul Newsome has maintained an 'Underweight' rating on United Fire Gr (NASDAQ:UFCS) and lowered the price target from $26 to $22.

Portfolio Pulse from richadhand@benzinga.com

July 06, 2023 | 2:33 pm

APLD

The Bear Cave has released a short report on Applied Digital (NASDAQ:APLD), questioning the company's credibility. The report highlights the company's history of pivoting between different industries and its reliance on 'puffery over substance'. The company, which claims to design and operate next-generation datacenters, has seen its shares rise by over 800% in the last twelve months, largely due to retail investor interest. The report also notes that the company's CEO, Wes Cummins, controls roughly 25% of the company's voting shares.

Portfolio Pulse from Happy Mohamed

July 06, 2023 | 2:32 pm

CNC

Centene's (NYSE:CNC) short percent of float has fallen 14.94% since its last report, with 6.31 million shares sold short, which is 1.31% of all regular shares available for trading. It would take traders 1.78 days to cover their short positions on average. Compared to its peers, Centene has less short interest as a percentage of float, which is 3.45% on average.

Portfolio Pulse from Benzinga Insights

July 06, 2023 | 2:31 pm