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SPOT

A significant amount of unusual options activity has been observed for Spotify Technology (NYSE:SPOT), with a majority of investors taking a bearish stance. Of the 35 unusual trades detected, 77% were bearish and 22% bullish. The total amount for puts was $905,620 and for calls was $758,390. Whales have been targeting a price range from $125.0 to $240.0 for Spotify over the last 3 months. Current price of SPOT is up 1.05% at $172.89. Analysts from Truist Securities, Goldman Sachs, and Raymond James maintain their ratings while Morgan Stanley downgraded its action to Overweight with a price target of $170.

Portfolio Pulse from Benzinga Insights

July 14, 2023 | 6:03 pm

BEKE

IQ

JD

PDD

TAL

TME

Chinese stocks are trading lower after earlier gains due to hopes of an end to a regulatory crackdown on tech. China's exports also fell in June, potentially impacting economic sentiment.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 6:02 pm

AMT

CCI

SBAC

BMO Capital Markets analyst Ari Klein initiated coverage on three data REITs: American Tower Corp. (AMT), SBA Communications Corp. (SBAC), and Crown Castle Inc. (CCI). AMT received an Outperform rating with a price target of $230, SBAC a Market Perform rating with a price target of $260, and CCI an Underperform rating with a price target of $113. All three companies are set to announce earnings soon.

Portfolio Pulse from Ethan Roberts

July 14, 2023 | 6:02 pm

TXRH

In the last quarter, Texas Roadhouse (NASDAQ:TXRH) received 12 analyst ratings, with the majority being indifferent. The company's average 12-month price target is $111.83, a 3.13% increase from the previous average of $108.44.

Portfolio Pulse from Benzinga Insights

July 14, 2023 | 6:01 pm

MP

MP Materials (NYSE:MP) has received mixed analyst ratings in the last quarter, with 2 bullish, 1 somewhat bullish, and 2 indifferent ratings. The average price target is $34.2, implying an upside from the current price of $24.94. However, this average has decreased by 14.93% from the previous average price target of $40.20.

Portfolio Pulse from Benzinga Insights

July 14, 2023 | 6:01 pm

SRAD

Sportradar Gr (NASDAQ:SRAD) has received a mix of bullish and indifferent analyst ratings in the last quarter. In the last 3 months, 7 analysts have offered 12-month price targets for Sportradar Gr, with an average price target of $12.57, up by 5.81% from the previous average price target of $11.88.

Portfolio Pulse from Benzinga Insights

July 14, 2023 | 6:00 pm

TROW

Over the past 3 months, 4 analysts have published their opinion on T. Rowe Price Gr (NASDAQ:TROW) stock. The average 12-month price target is $103.5, representing a 2.36% decrease from the previous average price target of $106.00. The analysts' opinions are divided with 2 being indifferent and 2 bearish.

Portfolio Pulse from Benzinga Insights

July 14, 2023 | 6:00 pm

MMC

Marsh & McLennan (NYSE:MMC) has outperformed the market over the past 5 years by 6.66% on an annualized basis, producing an average annual return of 16.57%. If an investor had bought $100 of MMC stock 5 years ago, it would be worth $215.71 today.

Portfolio Pulse from Benzinga Insights

July 14, 2023 | 6:00 pm

VRSK

Over the past 10 years, Verisk Analytics (NASDAQ:VRSK) has outperformed the market by 3.69% on an annualized basis, producing an average annual return of 13.98%. If an investor had bought $100 of VRSK stock 10 years ago, it would be worth $370.22 today.

Portfolio Pulse from Benzinga Insights

July 14, 2023 | 6:00 pm

MNK

Shares of Mallinckrodt Plc have resumed trading.

Portfolio Pulse from Happy Mohamed

July 14, 2023 | 6:00 pm