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ZS

Analysts have provided varied opinions on Zscaler (NASDAQ:ZS) over the past three months, with 27 analysts offering ratings. The average 12-month price target for ZS is now $214.59, up 13.28% from the previous target of $189.44. Multiple analysts have raised their price targets and ratings, reflecting a positive outlook on the company's performance. Zscaler is a SaaS firm specializing in cloud-native cybersecurity solutions. Despite its impressive revenue growth of 39.7%, the company's market capitalization is below the industry average, and it has lower net margin and ROE compared to industry benchmarks.

Portfolio Pulse from Benzinga Insights

January 10, 2024 | 7:01 pm

SONY

Sony Group Corporation (NYSE:SONY) shares rose after announcing a strategic venture with Roast Productions and success with the film 'Anyone But You'. Sony Music Masterworks will collaborate with Roast Productions on new live productions. The film 'Anyone But You' has grossed $60 million globally and may exceed $100 million. Sony's 'No Hard Feelings' earned $87 million globally. Additionally, Zee Entertainment's merger with Sony's Indian arm remains on track, countering rumors of its collapse. SONY shares increased by 4.29% to $96.06.

Portfolio Pulse from Nabaparna Bhattacharya

January 10, 2024 | 6:49 pm

BTCUSD

Cathie Wood, during a Bloomberg TV interview, discussed the significance of a Bitcoin ETF as a milestone for individual investing, suggesting it could facilitate easier access to Bitcoin investments for individuals.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 6:21 pm

EVO

Evotec SE (NASDAQ:EVO) has partnered with the Crohn's & Colitis Foundation to advance drug discovery for inflammatory bowel disease (IBD). The collaboration aims to develop novel therapies targeting fibrosis and compromised intestinal barrier function in Crohn's disease and ulcerative colitis patients. Financial terms were not disclosed. Despite the positive news, EVO shares have dropped by 2.53% to $9.530.

Portfolio Pulse from Nabaparna Bhattacharya

January 10, 2024 | 6:21 pm

BE

Bloom Energy Corp (NYSE:BE) has entered into a sales agreement with SK Ecoplant for its electrolyzer technology, which is expected to generate significant revenues over the next 20 years. Baird analyst Ben Kallo upgraded Bloom Energy's rating to Outperform and raised the price target from $16 to $22, citing catalysts such as cost reductions, manufacturing improvements, and electrolyzer sales for 2024. Shares of Bloom Energy rose by 1.13% to $13.47 following the announcement.

Portfolio Pulse from Priya Nigam

January 10, 2024 | 6:20 pm

ALK

BA

Alaska Airlines has announced the cancellation of between 110-150 flights per day on its 737-9 Max aircraft, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 6:17 pm

GOOGL

Google has announced that its Document AI Custom Extractor, which utilizes General AI, is now generally available. This tool is designed to help businesses automate the data capture process from documents, potentially improving efficiency and accuracy in data handling.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 6:09 pm

BA

Boeing Co (NYSE:BA) faces challenges after grounding over 170 Boeing 737 Max 9s due to a midair door blowout incident. Despite ongoing quality issues and pressure on aviation regulators, the impact on 2024 deliveries is expected to be limited. Boeing's stock has seen a recent decline from $264 to $229, but a Golden Cross on the price chart suggests a potential bullish trend. This could present a good entry point for long-term investors.

Portfolio Pulse from Surbhi Jain

January 10, 2024 | 6:07 pm

BA

On CNBC, Boeing's CEO stated that a fuselage plug can never blow out from an airplane, addressing a potential safety concern.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 6:05 pm