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ZI

ZoomInfo Technologies (NYSE:ZI) has experienced a 14.45% increase in short interest since its last report, with 15.89 million shares sold short, representing 5.07% of its float. The short interest is below the peer group average of 6.19%. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price decline.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 4:15 pm

MCK

McKesson Corporation (NYSE:MCK) has seen a 12.5% increase in short interest since the last report, with 1.68 million shares sold short, representing 1.26% of available shares. It would take about 1.83 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, McKesson has less short interest compared to its peers' average of 5.06%. This data suggests caution but does not necessarily predict a price drop.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 4:15 pm

CTRA

Coterra Energy (NYSE:CTRA) has seen a 19.38% decrease in short interest since its last report, with 20.74 million shares sold short, representing 3.66% of its float. The average time to cover these short positions is 2.54 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Coterra's short interest is below its peer group average of 6.14%.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 4:15 pm

AVGO

Broadcom Inc. (NASDAQ:AVGO) exceeded Q4 earnings expectations with $11.06 per share against the forecasted $10.98, a 5.84% increase from the previous year. However, quarterly sales of $9.29 billion fell short of the expected $9.41 billion. The company raised its quarterly dividend by 14% to $5.25 and projected full-year 2024 revenue of around $50 billion. Despite the positive earnings, Broadcom shares dropped slightly by 0.3%. Post-earnings, analysts at Rosenblatt, TD Cowen, and Summit Insights Group adjusted their price targets, with Rosenblatt and Summit Insights also maintaining or upgrading to a Buy rating.

Portfolio Pulse from Avi Kapoor

December 08, 2023 | 4:12 pm

FDX

FedEx Corp (NYSE:FDX) is facing a lawsuit from its former contractor, PYNQ Logistics Services, for alleged wrongful business practices that violate U.S. anti-racketeering law. PYNQ claims FedEx exercised control over contractors similar to employees and withheld information that affected PYNQ's decision to become a contractor. The lawsuit could impact FedEx's cost savings from restructuring, which involves shifting package volume from its Express to Ground unit. Despite the legal news, FDX shares rose by 2.49% to $273 on Friday.

Portfolio Pulse from Shivani Kumaresan

December 08, 2023 | 4:03 pm

RHP

Analysts have recently rated Ryman Hospitality Props (NYSE:RHP) with 1 bullish and 4 somewhat bullish ratings in the last quarter. The average price target is $106.8, which is a slight increase from the current price of $103.06, but down by 2.31% from the previous target of $109.33. These ratings suggest a modest optimism about the stock's future performance.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 4:01 pm

META

The analysis compares Meta Platforms (NASDAQ:META) with competitors in the Interactive Media & Services industry, focusing on financial metrics like P/E, P/B, P/S, ROE, EBITDA, gross profit, and revenue growth. Meta has a lower P/E ratio than the industry average, suggesting potential value. However, its P/B and P/S ratios are higher, indicating possible overvaluation. Meta's ROE, EBITDA, gross profit, and revenue growth are significantly above the industry average, reflecting strong profitability and growth prospects. The company also has a lower debt-to-equity ratio compared to its top 4 peers.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 4:01 pm

EQIX

Equinix (NASDAQ:EQIX) has received 4 analyst ratings in the last quarter, with 2 somewhat bullish and 2 indifferent, and no bearish ratings. The average price target is $808.0, representing a slight upside from the current price of $801.38. This is a 1.66% decrease from the previous average price target of $821.67. Analyst ratings are opinions on stock performance and are updated quarterly.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 4:01 pm

PLTR

The article provides an in-depth competitor analysis of Palantir Technologies (NYSE:PLTR) against its peers in the Software industry. It evaluates financial metrics such as P/E, P/B, P/S ratios, ROE, EBITDA, gross profit, revenue growth, and debt-to-equity ratio. Palantir shows a high P/E ratio, suggesting a premium valuation, a lower P/B ratio indicating potential undervaluation, and a high P/S ratio which could mean overvaluation relative to sales. The company's ROE is below the industry average, indicating potential inefficiency, and its EBITDA and gross profit are also below the industry average. However, Palantir's revenue growth exceeds the industry average, showing strong sales expansion. The company has a lower debt-to-equity ratio compared to its top 4 peers, indicating a stronger financial position with less reliance on debt.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 4:00 pm

ARRY

Array Technologies (NASDAQ:ARRY) has received 12 analyst ratings in the last quarter, with an average price target of $27.83, which is significantly higher than its current price of $16.315. The ratings include 5 bullish, 3 somewhat bullish, and 4 indifferent, with no bearish ratings. The current average price target has decreased by 11.37% from the previous target of $31.40.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 4:00 pm