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Analyst Ratings

VGK

WFC

Wells Fargo has stated that a recession in the Eurozone is increasingly possible, although not yet inevitable. This could potentially impact the performance of the Vanguard FTSE Europe ETF (VGK), which tracks the performance of the European stock market.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 4:15 pm

MTCH

Match Group Inc's (MTCH) shares are trading higher by 4.2% following the company's Q3 financial results. The company reported earnings of 57 cents per share, surpassing the expected 54 cents, marking a 29.55% YoY increase. Quarterly sales were $881.6 million, slightly higher than the analyst estimate of $881.07 million, demonstrating an 8.9% YoY growth. However, the company’s preliminary 2024 revenue guidance was slightly below expectations, and the Q4 guidance came in lower due to geopolitical risk, FX and macro factors.

Portfolio Pulse from Henry Khederian

November 07, 2023 | 4:14 pm

CELH

Wedbush analyst Gerald Pascarelli has reiterated an Outperform rating on Celsius Holdings (NASDAQ:CELH) and maintained a price target of $225.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 4:14 pm

CVCO

Wedbush analyst Jay McCanless has maintained an 'Outperform' rating on Cavco Industries (NASDAQ:CVCO) but lowered the price target from $390 to $380.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 4:11 pm

EH

EHang shares are trading lower after Hindenburg Research disclosed a short position in the stock and issued a bearish report on the company.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 4:11 pm

EH

Hindenburg Research has issued a report on EHang (NASDAQ:EH), a China-based eVTOL aircraft company, alleging that the company has a hollow order book and fake sales. The report claims that 92+% of EHang's claimed 1,300+ unit preorder book is based on 'dead' or 'abandoned' deals, failed partnerships, and newly-formed customer entities with no discernible operations. It also alleges that EHang's largest deal, a 1,000-unit preorder from United Therapeutics, is 'dead'. The report also raises concerns about EHang's financial position, noting that it has only $44.9 million left in cash, and its recent $23 million capital raise was led by a South Korean music producer with a questionable past. Hindenburg Research has taken a short position in EHang.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 4:07 pm

PARA

Paramount Global's stock (NASDAQ:PARA) is trading slightly higher after a sharp fall due to a downgrade from B of A Securities analyst Jessica Reif Ehrlich. Despite exceeding expectations in their recent financial report and experiencing substantial growth in their streaming services, the stock was downgraded from Buy to Underperform with a $9 price target.

Portfolio Pulse from Henry Khederian

November 07, 2023 | 4:06 pm

NFLX

A significant investor has shown a bullish approach towards Netflix (NASDAQ:NFLX), with unusual options activity being observed. The investor's identity is unknown, but such a move usually suggests insider knowledge. The general sentiment among heavyweight investors is divided, with 53% leaning bullish and 46% bearish. The significant investors are aiming for a price territory stretching from $100.0 to $440.0 for Netflix over the recent three months. Analysts from Oppenheimer, JP Morgan, Piper Sandler, Benchmark, and Guggenheim have given their ratings and price targets for Netflix.

Portfolio Pulse from Benzinga Insights

November 07, 2023 | 4:01 pm

MELI

A significant bearish move has been observed in MercadoLibre's (NASDAQ:MELI) options trading. Analysis revealed 13 unusual trades, with 76% showing bearish tendencies. The significant investors are aiming for a price territory of $1200.0 to $1800.0 for MercadoLibre over the recent three months. The trading volume stands at 65,330, with MELI's price up 0.76%, positioned at $1385.19. Wedbush downgraded its action to Outperform with a price target of $1500.

Portfolio Pulse from Benzinga Insights

November 07, 2023 | 4:01 pm

TPR

In the last quarter, Tapestry (NYSE:TPR) has received 3 bullish, 7 somewhat bullish, and 2 indifferent ratings from analysts. The company's average 12-month price target is $46.75, representing a 7.94% decrease from the previous average price target of $50.78.

Portfolio Pulse from Benzinga Insights

November 07, 2023 | 4:00 pm