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Stock Prices

PGR

Progressive Inc.'s stock has increased by 7.02% over the past month and by 10.56% over the past year. The company's P/E ratio of 45.87 is significantly higher than the aggregate P/E ratio of the insurance industry (17.73), suggesting that the stock might be overvalued. However, the P/E ratio is just one of many metrics that investors should consider when making investment decisions.

Portfolio Pulse from Benzinga Insights

September 01, 2023 | 5:00 pm

CIEN

UBS has maintained its Neutral rating for Ciena (NYSE:CIEN) and raised its price target from $48.00 to $52.00. Ciena's shares are currently trading down 2.61% at $48.67 per share. A move to $52.00 would represent a 6.83% increase from the current share price.

Portfolio Pulse from Benzinga Insights

September 01, 2023 | 5:00 pm

IOT

In the last quarter, Samsara (NYSE:IOT) received 5 somewhat bullish and 3 indifferent ratings from analysts. The average price target is $30.25, slightly above the current price of $30.22. The average price target has increased by 12.54% over the past month.

Portfolio Pulse from Benzinga Insights

September 01, 2023 | 5:00 pm

ILMN

In the last quarter, Illumina (NASDAQ:ILMN) received various analyst ratings, with 5 being bullish, 3 somewhat bullish, 2 indifferent, and 1 bearish. The average 12-month price target for Illumina, according to 11 analysts, is $240.0, a decrease of 4.0% from the previous average price target of $250.00.

Portfolio Pulse from Benzinga Insights

September 01, 2023 | 5:00 pm

VSCO

Morgan Stanley has maintained its Equal-Weight rating for Victoria's Secret (NYSE:VSCO) but lowered its price target from $19.00 to $17.00. Victoria's Secret shares are currently trading at $19.31, up 0.68% over the last 24 hours. A move to $17.00 would represent a 11.96% decline from the current share price.

Portfolio Pulse from Benzinga Insights

September 01, 2023 | 5:00 pm

CAAP

Goldman Sachs has maintained its Neutral rating for Corporacion America (NYSE:CAAP) and raised its price target from $8.80 to $16.80. The current share price is $14.06, and a move to $16.80 would represent a 19.49% increase.

Portfolio Pulse from Benzinga Insights

September 01, 2023 | 5:00 pm

MEDS

UBS

TRxADE HEALTH, Inc. (NASDAQ:MEDS) is merging with Superlatus, Inc. to create a plant-based consumer goods company. The news of the merger led to a nearly 500% increase in MEDS' stock price within a week. Superlatus plans to offer plant-based meats, cheeses, and dairy products, a market that could reach $72 million by 2030 according to a UBS report. The deal requires two acquisitions to expand Superlatus' global consolidation platform.

Portfolio Pulse from Johnny Rice

September 01, 2023 | 4:59 pm

TFC

A whale investor has taken a bullish stance on Truist Financial Corp (NYSE:TFC), with 60% of the investors opening trades with bullish expectations and 40% with bearish. The whale has been targeting a price range from $15.0 to $35.0 for Truist Financial over the last 3 months. The price of TFC is up 1.44% at $30.99. Next earnings are expected to be released in 46 days.

Portfolio Pulse from Benzinga Insights

September 01, 2023 | 4:46 pm

UPTD

TradeUP Acquisition Corp. (NASDAQ:UPTD) shares have surged on extremely heavy trading volume, with over 2 million shares traded compared to the 100-day average of 28 thousand shares. The company recently extended the date for its initial business combination from Aug. 19 to Sept. 19, 2023. The stock is currently the top trending ticker on Stocktwits.

Portfolio Pulse from Erica Kollmann

September 01, 2023 | 4:38 pm

MSOS

Senate Majority Leader Chuck Schumer has reiterated his call for the passage of a cannabis banking bill. This comes in the wake of the Department of Health and Human Services recommending the reclassification of marijuana as a Schedule III drug under the Controlled Substances Act. The news has led to a surge in cannabis stocks, with the AdvisorShares Pure US Cannabis ETF (NASDAQ: MSOS) seeing a rise of over 14%.

Portfolio Pulse from Maureen Meehan

September 01, 2023 | 4:36 pm