Streetbeat News

Analyst Ratings

ACN

Accenture's (NYSE:ACN) short percent of float has fallen 7.69% since its last report, with 7.54 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 sentiment towards the stock. Compared to its peers, Accenture has less short interest as a percentage of float, with an average of 2.63%.

Portfolio Pulse from Benzinga Insights

July 04, 2023 | 1:31 pm

WTW

Willis Towers Watson's (NYSE:WTW) short percent of float has fallen 12.84% since its last report, with 787 thousand shares sold short, which is 0.95% of all regular shares available for trading. This decrease in short interest could signal a more bullish sentiment towards the stock. However, it does not necessarily mean that the stock price will rise in the near term. Compared to its peers, Willis Towers Watson has less short interest.

Portfolio Pulse from Benzinga Insights

July 04, 2023 | 1:30 pm

CSCO

Cisco Systems Inc.'s stock has increased by 4.04% over the past month and by 21.39% over the past year. Despite this, its P/E ratio is lower than the aggregate P/E of the Communications Equipment industry, suggesting that the stock might be undervalued. However, a low P/E ratio can also indicate weak growth prospects or financial instability. Therefore, investors should consider other financial ratios, industry trends, and qualitative factors when making investment decisions.

Portfolio Pulse from Benzinga Insights

July 04, 2023 | 1:20 pm

SFTBY

Masayoshi Son, CEO of SoftBank Group, predicts a future where artificial intelligence (AI) surpasses human intellect and is applied in every industry. He urged Japan not to get distracted by minor issues like electricity efficiency in AI development, as it could cause the country to lag in the global AI race.

Portfolio Pulse from Benzinga Newsbot

July 04, 2023 | 10:20 am

TSLA

Morgan Stanley analyst Adam Jonas has updated his forecast for Tesla Inc (NASDAQ:TSLA), predicting the company will deliver 1.90 million vehicles in FY23 and 7.9 million units in FY30. Jonas believes that the slow introduction of EVs by traditional automakers will allow Tesla to maintain a higher market share for longer. He also noted that Tesla's recent price cuts have been effective and expects further price reductions in the future.

Portfolio Pulse from Anan Ashraf

July 04, 2023 | 3:21 am

ENSC

Ensysce Biosciences, Inc. (NASDAQ:ENSC) stock surged following positive coverage from HC Wainwright. The firm initiated coverage with a Buy rating and a $9 price target, far above current levels. The analyst cited the company's innovative platforms, including Trypsin-Activated Abuse Protection and Multi-Pill Abuse Resistant, which are intended to safeguard against opioid abuse. The total firm value was estimated at $70 million, with a price objective of $9 per share. Shares of ENSC closed Monday up 31.1% at $2.36.

Portfolio Pulse from Ryan Gustafson

July 03, 2023 | 8:28 pm

LRCX

A significant bullish stance has been taken on Lam Research (NASDAQ:LRCX) as evidenced by unusual options activity. The overall sentiment of these big-money traders is split between 53% bullish and 46% bearish. The whales have been targeting a price range from $570.0 to $685.0 for Lam Research over the last 3 months. Wells Fargo has maintained their Equal-Weight rating on Lam Research, with a price target of $620, while Mizuho downgraded its action to Buy with a price target of $520.

Portfolio Pulse from Benzinga Insights

July 03, 2023 | 7:48 pm

BX

A significant investor has taken a bearish stance on Blackstone (NYSE:BX), with 81% of the detected trades being bearish. The trades include 3 puts for a total of $368,064 and 8 calls for a total of $447,948. The targeted price range for Blackstone over the last 3 months is from $85.0 to $125.0. The current price of BX is up 1.93% at $94.76, and the next earnings are expected in 17 days.

Portfolio Pulse from Benzinga Insights

July 03, 2023 | 7:48 pm

VZ

A whale investor has taken a bullish stance on Verizon Communications (NYSE:VZ), with 70% of the investors opening trades with bullish expectations and 30% with bearish. The whale has been targeting a price range from $30.0 to $80.0 for Verizon over the last 3 months. The price of VZ is up 0.24% at $37.28. HSBC has maintained their Hold rating on Verizon, which currently sits at a price target of $39.

Portfolio Pulse from Benzinga Insights

July 03, 2023 | 7:47 pm

AAPL

AMZN

GOOG

SPY

TSLA

Benzinga's Twitter followers correctly predicted that Tesla (TSLA) would outperform other large-cap tech stocks in 2023. The prediction came after a poor 2023 for the S&P 500 and major tech companies, with the SPDR S&P 500 Global ETF (SPY) down 19.2%, Apple (AAPL) down 27%, Alphabet (GOOG, GOOGL) down 34%, Amazon (AMZN) down 51%, and Tesla down 69%. As of June 30, 2023, Tesla has seen a 142.2% return, outperforming Apple, Amazon, and Alphabet.

Portfolio Pulse from Chris Katje

July 03, 2023 | 7:30 pm