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AVGO

Broadcom (NASDAQ:AVGO) has seen a surge in options activity, with a bearish sentiment prevailing among investors. Analysis of 24 trades reveals 66% bearish and 33% bullish expectations. Significant trades focus on a price band between $1000.0 and $1500.0. Broadcom, a major semiconductor and software company, has its stock price slightly up by 0.24% at $1351.24. Analysts maintain a positive outlook, with an average target price of $1584.0.

Portfolio Pulse from Benzinga Insights

March 22, 2024 | 2:01 pm

WPRT

Westport Fuel Systems (NASDAQ:WPRT) is scheduled to release its quarterly earnings report on Monday, 2024-03-25, with analysts expecting an EPS of $-0.51. The company's past earnings performance shows a mixed impact on its stock price, with the last quarter missing EPS estimates by $0.06 but resulting in a 1.45% share price increase the following day. Over the last year, WPRT shares have declined by 28.32%, indicating a bearish sentiment among long-term shareholders ahead of this earnings release.

Portfolio Pulse from Benzinga Insights

March 22, 2024 | 2:01 pm

SNOW

Snowflake (NYSE:SNOW) has seen a surge in options activity, with a bullish sentiment from high-rolling investors. Benzinga's options scanner revealed 8 significant trades, with a focus on a price band between $140.0 and $170.0. The trading volume and open interest trends indicate increased liquidity and interest in SNOW's options. Analysts have mixed opinions, with target prices ranging from $175 to $290. The company's current market position shows a slight price decrease and an upcoming earnings announcement in 61 days.

Portfolio Pulse from Benzinga Insights

March 22, 2024 | 2:01 pm

ADBE

Financial analysis reveals a bearish sentiment among traders on Adobe (NASDAQ:ADBE), with 60% showing bearish tendencies in recent options activity. The analysis highlighted 20 unusual trades, with a focus on a price band between $500.0 and $615.0 for Adobe. The largest trades included both bullish and bearish calls and puts, with significant volumes and open interest. Adobe's current market position shows a slight decrease in stock price, with neutral RSI indicators and an earnings announcement expected in 83 days. Analyst ratings from JP Morgan, Baird, Piper Sandler, DA Davidson, and BMO Capital offer varied perspectives, with target prices ranging from $525 to $705.

Portfolio Pulse from Benzinga Insights

March 22, 2024 | 2:01 pm

NARI

Inari Medical (NASDAQ:NARI) has been the subject of varied analyst opinions over the past three months, with 7 analysts offering insights ranging from bullish to bearish. The average 12-month price target for NARI has been adjusted to $65.57, down from $72.00, indicating a 8.93% decrease. Analyst actions include maintaining, raising, and lowering ratings and price targets, reflecting their reaction to Inari Medical's performance and market conditions. Inari Medical, a medical device company, has shown notable revenue growth and strong financial health indicators such as net margin, ROE, and ROA, despite a market capitalization below industry averages.

Portfolio Pulse from Benzinga Insights

March 22, 2024 | 2:01 pm

PEN

Penumbra (NYSE:PEN) has received 8 analyst ratings in the past three months, showing a mix of bullish to bearish sentiments. The average 12-month price target is $281.5, with a recent decrease of 1.34%. Analyst actions include maintaining, raising, and lowering ratings and price targets. Penumbra develops medical devices, showing strong financial health with a revenue growth rate of 28.69%, a net margin of 19.05%, and an ROE of 4.75%. The company's financial strategy is highlighted by a low debt-to-equity ratio of 0.2.

Portfolio Pulse from Benzinga Insights

March 22, 2024 | 2:00 pm

DADA

Dada Nexus (NASDAQ:DADA) is scheduled to release its quarterly earnings report on March 25, 2024, with an estimated EPS of $0.09. Analysts and investors are keen on whether the company will surpass this estimate and provide positive guidance for the next quarter. Historical data shows a mixed reaction to past earnings reports, with stock price changes ranging from -8% to +15%. Currently, DADA shares are trading at $2.39, marking a 70.23% decline over the last 52 weeks.

Portfolio Pulse from Benzinga Insights

March 22, 2024 | 2:00 pm

PR

Permian Resources (NYSE:PR) has received diverse analyst ratings over the last three months, with a total of 13 analysts offering evaluations ranging from bullish to bearish. The average 12-month price target for PR has been raised to $18.69, up 3.83% from the previous $18.00. Analysts have adjusted their ratings and price targets, reflecting a generally positive outlook on the company's performance. Permian Resources, an independent oil and natural gas company, has shown a revenue growth of 47.42% as of December 31, 2023, but faces challenges in profitability and financial risk due to its lower net margin, ROE, ROA, and higher debt-to-equity ratio compared to industry averages.

Portfolio Pulse from Benzinga Insights

March 22, 2024 | 2:00 pm

SMTI

Sanara MedTech (NASDAQ:SMTI) is scheduled to release its quarterly earnings report on March 25, 2024, with analysts predicting an EPS of $-0.13. Historical data shows mixed reactions to past earnings, with the last quarter's miss leading to a 19.36% share price increase the following day. Shares are currently trading at $37.72, down 1.75% over the last year. Investors are advised to watch for the company's guidance for future growth, which could significantly impact the stock price.

Portfolio Pulse from Benzinga Insights

March 22, 2024 | 2:00 pm

WPRT

Westport Fuel Systems (NASDAQ:WPRT) is scheduled to release its quarterly earnings report on March 25, 2024, with analysts expecting an EPS of $-0.51. Historical data shows mixed reactions to past earnings, with the last quarter missing estimates and resulting in a 1.45% share price increase the following day. Over the last year, WPRT shares have declined by 28.64%, indicating a bearish outlook among long-term investors.

Portfolio Pulse from Benzinga Insights

March 22, 2024 | 2:00 pm