Latest news for Tritium DCFC (OTC:DCFCQ) Stock

Tritium DCFC Ltd designs and manufactures proprietary hardware and software to create reliable DC fast chargers for electric vehicles. The company's segment includes Hardware and Service and Maintenance. It generates maximum revenue from the Hardware segment. Geographically, it derives a majority of its revenue from the Netherlands.

Tritium DCFC Ltd

Silver isn't at the top of investors' minds today—even though it's quietly begun a "stealth rally" in recent months, rising 23% year-to-date.
But silver ties into three of the most sweeping technological trends of the 2020s: the rise of AI, electric vehicles, and solar power.
Hundreds of millions of electric vehicles are projected to hit the road between now and 2030—and each of them will need about 2.5 oz of silver.
Meanwhile, billions of solar panels will be installed over the next few years—each of which requires about 0.62 oz of silver.
Then there's silver's overlooked role in the global AI revolution. Silver is the most conductive metal on the periodic table, making it indispensable to the semiconductors that allow the vast amounts of data processing for AI.
Overall, these trends have led to a 184.3 million oz gap between silver production and demand in 2023. And the supply-demand gap is only expected to widen in 2024.
This explosion in demand comes in a sector where unlocking new supply is a lengthy and arduous process. Silver miners around the world won't simply be able to open new mines next month to meet the historic new demand.
But one silver miner could be just weeks away from tapping into half a billion ounces in reserves—making it my No. 1 way to play a silver boom.
The Company that Mines Silver for as Little as $2.68/oz
Headquartered in Vancouver, Canada, Pan American Silver (PAAS) is an $8.3 billion mining company with seven operating mines throughout silver-rich areas of Latin America.
<figure class="wp-block-image size-full is-resized"><img loading="lazy" decoding="async" width="474" height="304" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/22164614/StockChart.png" alt="" class="wp-image-449696" style="width:521px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/22164614/StockChart.png 474w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/22164614/StockChart-300x192.png 300w" sizes="(max-width: 474px) 100vw, 474px" /></figure>
Source: Benzinga Pro, If you want more of these types of Charts from Benzinga Pro you can get <a href="https://www.benzinga.com/pro/checkout/benzinga-pro-essential-2024/?t=be6bearmirebz6&amp;utm_source=RD-0723">Get 50% Off Benzinga Pro for a Limited Time</a>
One of these mines, the Cerro Moro gold and silver operation in Santa Cruz, Argentina, is sitting on 11.3 million oz of proven and probable silver reserves—which PAAS is extracting for an average cost of just $2.68/oz.
That's less than 10% the current market price of silver today—and larger mines in PAAS's empire, such as the Huaron mine in Pasco, Peru, give PAAS access to tens of millions of ounces of silver for just a fraction of silver's current market price of $29/oz, too.
The La Colorada mine in Zacatecas, Mexico, is sitting on 86.3 million oz of proven and probably silver reserves… and PAAS is also producing each ounce for just $22.82 in mining costs, again well below the current market price.
But what really interests me about PAAS—the "X Factor" for the company—is its Escobal mine in Santa Rosa, Guatemala.
 The Escobal mine is sitting on a monster heap of silver, with proven and probable reserves of 264.5 million ounces.
The company has already invested over $500 million in development and infrastructure of this mine—meaning that it's well past the exploration phase.
Not only that… as recently as 2017, the mine was producing 20 million oz of silver each year for the three years prior… at a cost of under $10/oz.
So, what's the holdup today?
By Guatemalan law, the mine must secure something called an ILO 169 consultation to restart its operations at Escobal.
In PAAS's most recent earnings conference, National Bank Financial analyst Don DeMarco asked Pan American Silver's CEO Michael Steinmann about the delays in the ILO consultation.
Steinmann replied:
"The transition, sorry, of the new government took really longer, I think, longer than expected. You&#8217;re right, it&#8217;s encouraging, obviously, that the government is committed to complete the ILO 169, but I also would like to remind everyone that&#8217;s a court-ordered process that, we all have to go through. So that&#8217;s just part of ILO 169 that has ordered that, it has to be finished.
It has no choice really, I think. And there&#8217;s just no timeline to it. So the process is very prescribed and the government is working on it with the former government with good strides forward last year, definitely a slowdown with the change of the government here."
Reading between the lines, it's easy to sense the CEO's frustration—as careful as he is to avoid antagonizing Guatemalan authorities who could yet drag their feet for a few months longer.
But the completion of the ILO consultation is only a matter of time. Guatemala's new government took office in January, and it has repeatedly confirmed its commitment to carrying out the consultation. In April, its Ministry of Energy and Mines dismissed the Vice Minister of Sustainable Development who would have been authorized to carry out the consultation, and it hasn't yet named a replacement.
But while the bureaucracy is frustrating, I'm not worried from an investing standpoint. In 2022, Pan American Silver paid the Guatemalan government well over $2 million in taxes and royalties on its operations there. The government will eventually move to claim its windfall from the Escobal mine, too.
When that happens, possibly just a few weeks from now, PAAS will be able to tap into a quarter billion ounces of silver for as little as $10/oz—right when silver prices are expected to top $30/oz.
And that's all before we get to…
PAAS's $1.1 Billion Acquisition War Chest
In March 2023, Pan American Silver and Agnico Eagle Mines completed the purchase of intermediate miner Yamana Gold.
In total, the acquisition cost both companies $5.6 billion, with
Pan American Silver buying Yamana&#8217;s South American assets for around $2.8 billion.
Pan American Silver added four producing mines in Brazil, Chile, and Argentina to the seven it already has. And it added a developmental mine in Argentina to its two existing developmental mines.
The deal makes Pan American Silver one of South America&#8217;s largest producers of precious metals&#8230;and doubles its production.
In fact, PAAS is now on the cusp of being considered a "major"—that is, one of the miners that routinely produces more than 2 million ounces of gold per year.
Pan American Silver paid for the purchase without issuing debt, paying instead with its stock and by assuming $1.1 billion of Yamana&#8217;s debt.
The company is also keeping a $750 million undrawn credit facility—which, when combined with $331.4 million in cash and investments, gives it total available liquidity of $1.1 billion.
This means PAAS is well-positioned to keep expanding its empire—even as it spares no expense to get its most lucrative mines like Escobal firing on all cylinders.
Not only that, but PAAS is in strong enough financial shape to reward shareholders as it is. Last quarter, the company returned $58 million of capital back to shareholders in the form of buybacks $21.5 million) and dividends ($36.5 million).
In particular, the company's buyback program looks like a shrewd move… it bought 1.7 million shares for $14.16/share, and the stock is now at $22.85.
This is a tax-efficient—and therefore shareholder-friendly—way to boost share price with excess cash. That said, the company's dividend yield of 1.78%, well above the S&amp;P 500 average of 1.39%, is no slouch either.
As the trio technological revolutions of EVs, AI, and solar panel continue to add hundreds of millions of ounces of new demand for silver each year, it's easy to envision silver prices soaring to well over $50/oz.
And when that happens, this mining company sitting on 486 million silver ounces—and extracting it for as little as $2.68/oz—will be sitting pretty.
Action to Take: Buy Pan American Silver (PAAS) at market. As always, allocate no more than 2% of risk capital to this trade, to ensure proper risk management.
Benzinga Pro delivers exclusive news, lightning-fast alerts, and crystal-clear analysis that empower you to spot breakout stocks before they rally. <a href="https://www.benzinga.com/pro/checkout/benzinga-pro-essential-2024/?t=be6bearmirebz6&amp;utm_source=RD-0723">Save 50% when you sign up today.</a>
 Inozemtsev Konstantin photo via Shutterstock

Opinion

Trading Ideas

A "Masterkey Investment" for AI, EVs, Clean Energy, and More…

Cantor Fitzgerald analyst C J Muse reiterated NXP Semiconductors (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXPI#NASDAQ">NXPI</a>) with an Overweight and a <a target="_blank" href="https://www.benzinga.com/quote/NXPI/analyst-ratings" rel="noreferrer noopener">$350&nbsp;price target</a>.
On Monday, NXP Semiconductors reported <a target="_blank" href="https://www.benzinga.com/news/earnings/24/07/39894602/nxp-semiconductors-q2-earnings-revenue-beat-eps-miss-nxp-has-successfully-navigated-the-cyclical-tr" rel="noreferrer noopener">second-quarter revenue</a> decreased 5% year-over-year to $3.127 billion, beating analyst consensus estimates of $3.125 billion. The company reported adjusted EPS of $3.20, lagging the analyst consensus estimates of $3.21.
NXP Semiconductors expects third-quarter revenue of $3.15 billion—$3.35 billion, compared to consensus estimates of $3.35 billion. The company projects third-quarter adjusted EPS of $3.21 &#8211; $3.63, compared to analyst estimates of $3.56.
Muse acknowledged the company&#8217;s worse-than-expected in-line second-quarter print and missed guidance.
The analyst noted that management provided very little information other than the fact that all segments came in roughly as expected.
So while the third-quarter guide of +4% quarter-on-quarter comes in a bit below the seasonal of +6%, the business continues to trend in the right direction, highlighting NXP Semiconductors&#8217; strategic positioning and resiliency at a cyclical bottom, Muse said.
Outside of the obvious questions around cycle and end-market trends into the second half, Muse noted a key question into the earnings call would be around the extent of channel fill assumed within the guide the analyst had previewed a $50 million &#8211; $100 million tailwind in the quarter. However, given the guidance, this vision may be rosy.
For the calendar year 2024, it is now apparent flat year-on-year revenues are off the table. However, the typical seasonality of flat quarter-on-quarter would still enable the calendar year 2024 earnings power of $13.30, Muse said.
Assuming 7% top-line growth in calendar year 2025, this would support EPS of $15.00+ as per the analyst.
Muse noted that NXP Semiconductors remains the most attractive Analog name in the space, particularly given the well-above seasonality modeled for&nbsp;Texas Instruments Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>), Analog Devices, Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADI#NASDAQ">ADI</a>), and&nbsp;Microchip Technology Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>).
The analyst noted that NXP Semiconductors&#8217; valuation is relatively attractive at a cyclical bottom and that investors would be buyers on weakness.
Muse projects third-quarter revenue and EPS of $3.43 billion and $3.80.
Price Actions: NXPI shares traded lower by 9.41% at&nbsp;$256.90 at the last check Tuesday.&nbsp;

News

Price Target

Reiteration

Analyst Ratings

Movers

Tech

MCHP

NXPI

NXP Semi Stock Is A Buy On Weakness, Most Attractive Analog Name In Space: Analyst

NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) on Tuesday announced new AI services to supercharge AI for enterprises in connection with Meta Platforms Inc&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) release of <a href="https://www.benzinga.com/pressreleases/24/07/g39910402/nvidia-ai-foundry-builds-custom-llama-3-1-generative-ai-models-for-the-worlds-enterprises">open source large language model Llama 3.1</a>.
What To Know: Meta on Tuesday announced the launch of Llama 3.1 405B. The company said it&#8217;s the first openly available model that rivals top AI models when it comes to general knowledge, steerability, math, tool use and multilingual translation.&nbsp;
In connection with Meta&#8217;s Llama 3.1 release, Nvidia announced a new AI foundry, as well as NIM inference microservices for the collection of openly available models. 
Nvidia AI Foundry, powered by the&nbsp;Nvidia DGX Cloud&nbsp;AI platform, aims to give enterprises significant compute resources that easily scale as AI demands change. Nvidia also said its NIM&nbsp;inference microservices for Llama 3.1 models are now available for download and aim to supercharge enterprise deployments of Llama 3.1 models for production AI.
&#8220;Meta&#8217;s openly available Llama 3.1 models mark a pivotal moment for the adoption of generative AI within the world&#8217;s enterprises,&#8221; said Jensen Huang, founder and CEO of Nvidia. 
&#8220;Llama 3.1 opens the floodgates for every enterprise and industry to build state-of-the-art generative AI applications. NVIDIA AI Foundry has integrated Llama 3.1 throughout and is ready to help enterprises build and deploy custom Llama supermodels.&#8221;
Check This Out: <a href="https://www.benzinga.com/news/24/07/39902838/broadcom-to-challenge-nvidia-dominance-analyst-says-jensen-huang-led-chip-giants-competitor-is-catch">Broadcom To Challenge Nvidia Dominance? Analyst Says Jensen Huang-Led Chip Giant&#8217;s Competitor Is &#8216;Catching Up&#8217;</a>
With Nvidia AI Foundry, the chipmaker said enterprises and nations can now create custom &#8220;supermodels&#8221; for their domain-specific industry use cases using Llama 3.1 combined with Nvidia software, computing and expertise. Enterprises will be able to train these supermodels with proprietary data, as well as synthetic data generated from Llama 3.1 405B and the&nbsp;Nvidia Nemotron Reward model.
&#8220;The new Llama 3.1 models are a super-important step for open source AI. With NVIDIA AI Foundry, companies can easily create and customize the state-of-the-art AI services people want and deploy them with NVIDIA NIM. I&#8217;m excited to get this in people&#8217;s hands,&#8221; said Mark Zuckerberg, founder and CEO of Meta.&nbsp;
<a href="http://benzinga.com/quote/meta">Meta shares</a> were up about 1.45% at the time of writing.
NVDA Price Action: Nvidia shares were up 0.74% at $122.63 at last check, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Photo: Shutterstock.

NVDA

What's Going On With Nvidia Stock Tuesday?

Walt Disney Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) shares are moving lower, in possible sympathy with shares of Comcast Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>), which fell after the company reported declines in Studio and <a href="https://www.benzinga.com/general/entertainment/24/07/39891630/disneyland-strike-nears-14-000-workers-set-to-target-california-theme-park-in-first-walkout">Theme Parks revenue</a>.
What Happened: Comcast reported mixed second-quarter financial results ahead of the market open on Tuesday. The stock fell more than 4% as Content and Experiences revenue fell, driven by declines in Studios and Theme Parks.
&#8220;In Studios and Theme Parks, we faced difficult comparisons to last year, but our upcoming film and TV content and the debut of Epic Universe bode very well for the future,&#8221; said Brian Roberts, chairman and CEO of Comcast.
Studios revenue decreased 27% year-over-year to $2.253 billion while Theme Parks revenue fell 10.6% year-over-year to $1.975 billion, driven by lower revenue at domestic parks and lower guest attendance. Studios adjusted EBITDA dropped 51.4% year-over-year and Theme Parks adjusted EBITDA dropped 21.4% year-over-year.
Comcast also noted that Content and Experiences capital expenditures increased&nbsp;4.4%&nbsp;to&nbsp;$845 million, primarily driven by investment in Theme Parks. 
See Also: <a href="https://www.benzinga.com/news/24/07/39904647/comcasts-paris-olympics-bet-for-boosting-peacocks-viewership-report">Comcast&#8217;s Paris Olympics Bet For Boosting Peacock&#8217;s Viewership: Report</a>
Why It Matters: Disney is due to report financial results for its fiscal third quarter on Aug. 7. Analysts are looking for earnings of $1.18 per share and revenue of $23.024 billion, according to estimates from <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Disney&#8217;s Experiences business was a growth driver in the second quarter with revenue growth of 10% and operating income growth of 12%. 
&#8220;Although the&nbsp;third quarter&#8217;s segment operating income is expected to come in roughly comparable to the prior year, we continue to expect robust operating income growth at Experiences for the full year,&#8221; Disney said in its second-quarter report.
DIS Price Action: Disney shares were down 2.98% at $91.32 at the time of publication, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/entertainment/24/07/39891630/disneyland-strike-nears-14-000-workers-set-to-target-california-theme-park-in-first-walkout">Disneyland Strike Nears: 14,000+ Workers Set To Target California Theme Park In First Walkout In 40 Years</a></li>
</ul>
Photo: <a href="https://pixabay.com/users/pexels-2286921/?utm_source=link-attribution&amp;utm_medium=referral&amp;utm_campaign=image&amp;utm_content=1842324">Pexels</a> from Pixabay.

Earnings

Previews

CMCSA

Disney Stock Is Sliding Tuesday: What's Going On?

Crown Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCK#NYSE">CCK</a>) shares are trading higher today after the company reported better-than-expected&nbsp;second-quarter adjusted EPS results yesterday and raised its FY24 EPS<a target="_blank" href="https://www.benzinga.com/pressreleases/24/07/n39892943/crown-holdings-inc-reports-second-quarter-2024-results" rel="noreferrer noopener"> guidance&nbsp;above estimate</a>.
Net sales declined to&nbsp;$3.04 billion&nbsp;from&nbsp;$3.11 billion&nbsp;a year ago, missing the consensus of $3.06 billion.
Revenue was affected by a $94 million pass-through of lower material costs and a $13 million adverse impact from foreign currency fluctuations.
Adjusted EPS of&nbsp;$1.81, exceeding <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">the consensus of&nbsp;$1.58</a>.
The company reported operating cash flow of $343 million and $178 million in adjusted free cash flow for the first half of the year.
Timothy J. Donahue, Chairman, President, and Chief Executive Officer, said, &#8220;The Company performed well during the quarter, led by strong results in each of the global beverage businesses.&nbsp; Benefitting from our broad geographic presence and strategic customer alliances, beverage segment income improved by 21% in the second quarter on a combined global basis.&#8221;
&#8220;Beverage can shipments improved 6% globally in the second quarter, including 9% in North America.&nbsp; Beverage can shipments in&nbsp;Europe&nbsp;and&nbsp;Latin America&nbsp;were also strong and exceeded longer-term expectations&nbsp;of low-to mid-single digit volume growth.&#8221;
Outlook: Crown Holdings raised FY24 EPS guidance to $6.00–$6.25 (from $5.80–$6.20) vs. an estimate of $5.98 and expects free cash flow to exceed $750 million.
The company projects third-quarter adjusted EPS of $1.75–$1.85 vs. <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">consensus of&nbsp;$1.79</a>.
RBC Capital Markets analyst Arun Viswanathan writes that although CCK is raising its FY24 guidance primarily due to the second-quarter beat, investor sentiment might be cautious due to ongoing inflation impacts on consumers, affecting CCK and other packaging stocks.
The analyst notes investors will also respond positively to CCK&#8217;s new long-term leverage target of 2.5x.
However, weakness persists in CCK&#8217;s non-reportable segments, including NA aerosol and beverage can-making equipment and Transit, which are more sensitive to economic fluctuations, writes the analyst.
Overall, the analyst is positive about the NA shipment growth (+9%) and the mid-to-low single-digit growth in Europe/LATAM.
Additionally, CCK&#8217;s strong cash flow from operations reflects effective working capital management, with expectations to end 2024 below 3.0x and a new long-term target of 2.5x.
The analyst maintains an <a target="_blank" href="http://benzinga.com/quote/CCK/analyst-ratings" rel="noreferrer noopener">Outperform rating on the stock with a price target of $96.00</a>.
Price Action: CCK shares are up 9% at $84.45 at the last check Tuesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image from Shutterstock

Analyst Color

Equities

Guidance

Why Packaging Company Crown Holdings Shares Are Surging Today

Whales with a lot of money to spend have taken a noticeably bullish stance on Citigroup.
Looking at options history for Citigroup (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>) we detected 15 trades.
If we consider the specifics of each trade, it is accurate to state that 53% of the investors opened trades with bullish expectations and 46% with bearish.
From the overall spotted trades, 7 are puts, for a total amount of $1,026,718 and 8, calls, for a total amount of $1,799,454.
<h3>Predicted Price Range</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $40.0 and $72.5 for Citigroup, spanning the last three months.
<h3>Volume &amp; Open Interest Development</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Citigroup's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Citigroup's whale activity within a strike price range from $40.0 to $72.5 in the last 30 days. 
<h3>Citigroup 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721758584_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>C</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$15.65</td>
<td>$15.4</td>
<td>$15.64</td>
<td>$50.00</td>
<td>$1.5M</td>
<td>41.3K</td>
<td>1.0K</td>
</tr>
<tr>
<td>C</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$1.76</td>
<td>$1.73</td>
<td>$1.75</td>
<td>$60.00</td>
<td>$315.8K</td>
<td>5.7K</td>
<td>2.8K</td>
</tr>
<tr>
<td>C</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$6.3</td>
<td>$6.3</td>
<td>$6.3</td>
<td>$70.00</td>
<td>$315.0K</td>
<td>1.0K</td>
<td>0</td>
</tr>
<tr>
<td>C</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$6.2</td>
<td>$6.1</td>
<td>$6.2</td>
<td>$70.00</td>
<td>$155.0K</td>
<td>1.0K</td>
<td>750</td>
</tr>
<tr>
<td>C</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$6.3</td>
<td>$5.65</td>
<td>$6.2</td>
<td>$70.00</td>
<td>$155.0K</td>
<td>1.0K</td>
<td>750</td>
</tr>
</tbody>
</table>

<h3>About Citigroup</h3>
Citigroup is a global financial-services company doing business in more than 100 countries and jurisdictions. Citigroup's operations are organized into five primary segments: services, markets, banking, US personal banking, and wealth management. The bank's primary services include cross-border banking needs for multinational corporates, investment banking and trading, and credit card services in the United States.
Following our analysis of the options activities associated with Citigroup, we pivot to a closer look at the company's own performance.
<h3>Current Position of Citigroup</h3>
<ul>
<li>Currently trading with a volume of 3,747,974, the C's price is up by 0.49%, now at $64.81. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 80 days.</li>
</ul>
<h3>What The Experts Say On Citigroup</h3>
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $70.6.
<ul>
<li>An analyst from BMO Capital persists with their Market Perform rating on Citigroup, maintaining a target price of $67. </li>
<li>Consistent in their evaluation, an analyst from Evercore ISI Group keeps a In-Line rating on Citigroup with a target price of $62. </li>
<li>Consistent in their evaluation, an analyst from Morgan Stanley keeps a Overweight rating on Citigroup with a target price of $66. </li>
<li>Consistent in their evaluation, an analyst from Oppenheimer keeps a Outperform rating on Citigroup with a target price of $86. </li>
<li>An analyst from Argus Research persists with their Buy rating on Citigroup, maintaining a target price of $72. </li>
</ul>
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Citigroup, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Options

Markets

Citigroup Options Trading: A Deep Dive into Market Sentiment

Deep-pocketed investors have adopted a bullish approach towards Sea (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SE#NYSE">SE</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in SE usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 11 extraordinary options activities for Sea. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 45% leaning bullish and 45% bearish. Among these notable options, 5 are puts, totaling $273,503, and 6 are calls, amounting to $317,307.
<h3>Expected Price Movements</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $55.0 to $80.0 for Sea over the last 3 months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
In today's trading context, the average open interest for options of Sea stands at 1716.09, with a total volume reaching 2,338.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Sea, situated within the strike price corridor from $55.0 to $80.0, throughout the last 30 days.
<h3>Sea 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721758579_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>SE</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$15.05</td>
<td>$14.4</td>
<td>$14.9</td>
<td>$60.00</td>
<td>$149.0K</td>
<td>127</td>
<td>100</td>
</tr>
<tr>
<td>SE</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/09/24</td>
<td>$1.4</td>
<td>$1.33</td>
<td>$1.4</td>
<td>$65.00</td>
<td>$103.5K</td>
<td>2.0K</td>
<td>1.4K</td>
</tr>
<tr>
<td>SE</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/16/24</td>
<td>$13.65</td>
<td>$13.25</td>
<td>$13.65</td>
<td>$80.00</td>
<td>$54.6K</td>
<td>685</td>
<td>1</td>
</tr>
<tr>
<td>SE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$3.95</td>
<td>$3.85</td>
<td>$3.95</td>
<td>$70.00</td>
<td>$49.3K</td>
<td>6.5K</td>
<td>167</td>
</tr>
<tr>
<td>SE</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$16.75</td>
<td>$16.65</td>
<td>$16.65</td>
<td>$72.50</td>
<td>$46.6K</td>
<td>62</td>
<td>29</td>
</tr>
</tbody>
</table>

<h3>About Sea</h3>
Sea operates Southeast Asia's largest e-commerce company, Shopee, in terms of gross merchandise value and number of transactions. Sea started as a gaming business, Garena, but in 2015 expanded into e-commerce, which is now the main growth driver. Shopee is a hybrid C2C and B2C marketplace platform operating in eight core markets. Indonesia accounts for 35% of GMV, with the rest split mainly among Taiwan, Vietnam, Thailand, Malaysia, and the Philippines. For Garena, Free Fire was the most downloaded game in January 2022 and accounted for 74% of gaming revenue in 2021. Sea's third business, SeaMoney, provides mostly credit lending.
After a thorough review of the options trading surrounding Sea, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Present Market Standing of Sea</h3>
<ul>
<li>Currently trading with a volume of 3,158,485, the SE's price is down by -0.99%, now at $66.8. </li>
<li>RSI readings suggest the stock is currently may be oversold.</li>
<li>Anticipated earnings release is in 21 days.</li>
</ul>
<h3>Expert Opinions on Sea</h3>
4 market experts have recently issued ratings for this stock, with a consensus target price of $77.5.
<ul>
<li>An analyst from Citigroup persists with their Buy rating on Sea, maintaining a target price of $80. </li>
<li>Reflecting concerns, an analyst from DBS Bank lowers its rating to Hold with a new price target of $75.</li>
<li>An analyst from B of A Securities has decided to maintain their Buy rating on Sea, which currently sits at a price target of $77. </li>
<li>An analyst from JP Morgan has revised its rating downward to Neutral, adjusting the price target to $78. </li>
</ul>
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Sea options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Unpacking the Latest Options Trading Trends in Sea

Investors with a lot of money to spend have taken a bearish stance on Upstart Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPST#NASDAQ">UPST</a>).
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with UPST, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 8 options trades for Upstart Hldgs.
This isn't normal.
The overall sentiment of these big-money traders is split between 12% bullish and 87%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $29,325, and 7, calls, for a total amount of $245,392.
<h3>Predicted Price Range</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $15.0 to $37.5 for Upstart Hldgs during the past quarter. 
<h3>Analyzing Volume &amp; Open Interest</h3>
In today's trading context, the average open interest for options of Upstart Hldgs stands at 994.57, with a total volume reaching 1,937.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Upstart Hldgs, situated within the strike price corridor from $15.0 to $37.5, throughout the last 30 days.
<h3>Upstart Hldgs Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721758574_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>UPST</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>08/02/24</td>
<td>$1.68</td>
<td>$1.64</td>
<td>$1.64</td>
<td>$28.00</td>
<td>$65.6K</td>
<td>649</td>
<td style="text-align: right;">446</td>
</tr>
<tr>
<td>UPST</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>08/30/24</td>
<td>$2.86</td>
<td>$1.97</td>
<td>$1.97</td>
<td>$32.00</td>
<td>$39.4K</td>
<td>284</td>
<td style="text-align: right;">200</td>
</tr>
<tr>
<td>UPST</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$14.95</td>
<td>$14.0</td>
<td>$14.0</td>
<td>$15.00</td>
<td>$33.6K</td>
<td>4.8K</td>
<td style="text-align: right;">70</td>
</tr>
<tr>
<td>UPST</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$12.8</td>
<td>$12.65</td>
<td>$12.75</td>
<td>$37.50</td>
<td>$29.3K</td>
<td>138</td>
<td style="text-align: right;">24</td>
</tr>
<tr>
<td>UPST</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/02/24</td>
<td>$1.48</td>
<td>$1.43</td>
<td>$1.43</td>
<td>$28.00</td>
<td>$28.7K</td>
<td>649</td>
<td style="text-align: right;">671</td>
</tr>
</tbody>
</table>

<h3>About Upstart Hldgs</h3>
Upstart Holdings Inc provides credit services. The company provides a proprietary, cloud-based, artificial intelligence lending platform. The platform aggregates consumer demand for loans and connects it to the network of Upstart AI-enabled bank partners. Upstart's platform includes personal loans, automotive retail and refinance loans, home equity lines of credit and small dollar loans.
After a thorough review of the options trading surrounding Upstart Hldgs, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Present Market Standing of Upstart Hldgs</h3>
<ul>
<li>With a volume of 1,881,192, the price of UPST is up 0.14% at $27.69. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 14 days.</li>
</ul>
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Upstart Hldgs options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

UPST

Decoding Upstart Hldgs's Options Activity: What's the Big Picture?

AMC Entertainment Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMC#NYSE">AMC</a>) reached an agreement with creditors to restructure its debt this week. AMC CEO Adam Aron called it <a href="https://www.benzinga.com/general/entertainment/24/07/39891426/amc-entertainment-stock-halted-movie-theater-chain-announces-restructuring-of-debt-load-ada">&#8220;the biggest news AMC has made in years.&#8221;</a> 
What To Know: Tuesday on CNBC&#8217;s &#8220;Squawk Box,&#8221; Aron noted that there have been a lot of headlines coming out over the past few months suggesting AMC <a href="https://www.benzinga.com/general/entertainment/24/04/38184776/amc-ceo-says-bankruptcy-is-inconceivable-as-shares-hit-52-week-lows-2025-2026-are-going-to-">could have trouble repaying its debt</a> and could even be headed for bankruptcy.
&#8220;I&#8217;ve been quoted over and over again saying I thought that was inconceivable and that we would be taking steps to assure AMC&#8217;s future, and that&#8217;s what we did yesterday,&#8221; Aron said. 
AMC on Monday announced <a href="https://www.benzinga.com/general/entertainment/24/07/39891426/amc-entertainment-stock-halted-movie-theater-chain-announces-restructuring-of-debt-load-ada">refinancing transactions</a> with lenders to extend its debt maturities and give the company an opportunity to reduce debt through the conversion of exchangeable notes into equity.
AMC will issue $1.2 billion of new secured term loans due 2029 in consideration for an open market purchase of senior secured term loans due 2026. AMC also said it exchanged $500 million of second lien subordinated secured notes due 2026 for new secured term loans due 2029.
&#8220;I just can&#8217;t even tell you how important it is that we extended our debt maturities from 2026 to 2029. It gives us years and years of breathing room,&#8221; Aron said. 
Check This Out: <a href="https://www.benzinga.com/general/entertainment/24/07/39806439/good-news-for-cinemark-amc-stock-new-report-predicts-2026-cinema-revenue-passing-pre-covid-">Good News For Cinemark, AMC Stock? New Report Predicts 2026 Cinema Revenue Passing Pre-COVID-19 Levels — But There&#8217;s A Catch</a>
Why It Matters: The refinancing transactions aim to position the company favorably for an eventual <a href="https://www.benzinga.com/topic/box-office">box office</a> recovery, which is progressing well, according to Aron. 
Although movie ticket sales remain below pre-pandemic levels, the company is seeing notable recovery momentum and now expects &#8220;strong&#8221; year-over-year box office growth in the back half of 2024, continuing into 2025 and 2026.
&#8220;It&#8217;s coming at a time when the box office is finally roaring back. Our profitability will rise if, as and when the box office rises. This is all just such a good news story for my company and for our shareholders,&#8221; Aron said. 
The AMC CEO highlighted upcoming blockbuster films from Walt Disney Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) and others, including &#8220;Deadpool &amp; Wolverine,&#8221; &#8220;Joker: Folie à Deux,&#8221; &#8220;Alien: Romulus,&#8221; &#8220;Moana 2&#8221; and &#8220;Mufasa: The Lion King.&#8221;
&#8220;Deadpool &amp; Wolverine&#8221; is set to open this week, Aron said, adding that the company believes it &#8220;might be the highest grossing R-rated film in history.&#8221; 
As you look into 2025 and 2026, there is another Avengers movie, another <a href="https://www.benzinga.com/topic/star-wars">Star Wars</a> movie, another Avatar movie and another Mission Impossible, he said. 
&#8220;It&#8217;s just staggering,&#8221; Aron said. &#8220;There are so many good movies coming out and that&#8217;s why we are so optimistic about AMC&#8217;s future, so bullish about AMC&#8217;s future &#8230; finally, I think the good times are about to roll.&#8221;
AMC Price Action: <a href="https://www.benzinga.com/quote/AMC">AMC shares</a> jumped on Monday following the refinancing transactions announcement. Although the stock was down 3.4% to $5.10 at the time of publication Tuesday afternoon, per <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/top-stories/24/07/39699599/benzinga-founder-jason-raznick-on-meme-stocks-importance-of-diversification-didnt-want-to-lose-a-gen">Benzinga Founder Jason Raznick On Meme Stocks, Importance Of Diversification: &#8216;Didn&#8217;t Want To Lose A Generation Of Investors&#8217;</a></li>
</ul>
Photo: <a href="https://www.flickr.com/photos/pasa/">Paul Sableman</a> from Flickr.

Entertainment

General

Are The Good Times 'About To Roll' At AMC? Adam Aron Highlights 'Staggering' Box Office Lineup, 'Good News' For Shareholders

<a href="https://truthsocial.com/@realDonaldTrump/112837096247654677" title="https://truthsocial.com/@realDonaldTrump/112837096247654677">https://truthsocial.com/@realDonaldTrump/112837096247654677</a>

Politics

ISRA

Update On Trump, Netanyahu Meeting; Trump Post On Truth Social, "At the request of Bibi Netanyahu, we have switched this meeting to Friday, July 26th at Mar-a-Lago in Palm Beach, Florida!"

Vertically integrated cannabis company Cannara Biotech Inc. (TSXV:<a class="ticker" href="https://www.benzinga.com/stock/LOVE#TSXV">LOVE</a>) (OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/LOVFF#OTCQB">LOVFF</a>) (FRA: 8CB0) announced its fiscal third quarter 2024 financial and operating results on Tuesday for the three month period ended May 31, 2024.
Zohar Krivorot, Cannara&#8217;s president and CEO, praised the company's "strong performance," during the period, with net revenues reaching CA$19.5 million ($14.2 million) during the quarter, representing a 22.6% year-over-year increase.
&#8220;Historically, our sales growth has been driven by great customer loyalty and strong demand for our products, amplified by organic word-of-mouth promotion," Krivorot explained. "However, as indicated by our flat quarter-to-quarter results, this can only take us so far. To continue our expansion across the country, we have begun enhancing our sales force and infrastructure."
Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/05/38563458/cannara-biotech-reports-51-yoy-revenue-increase-in-q2-wider-net-loss">Cannara Biotech Reports 51% YoY Revenue Increase In Q2, Wider Net Loss</a>
<h3 class="wp-block-heading">Q3 2024 Financial Highlights</h3>
<ul>
<li>Gross profit, before fair value adjustments, decreased to CA$5.7 million from CA$6.1 million in the prior year's quarter, representing a 6.1% year-over-year decline.</li>
<li>Gross profit percentage before fair value adjustments was 29% compared to 38% in the corresponding quarter of 2023.</li>
<li>Operating income totaled CA$3.6 million compared to CA$4.3 million in the same period of fiscal 2023.</li>
<li>Net income of CA$2 million compared to CA$2.9 million in the prior year's period.</li>
<li>Adjusted EBITDA came in positive at CA$2.8 million, compared to CA$3.9 million adjusted EBITDA gain in the prior year's period.</li>
<li>The company generated operating cash flow amounting to CA$4.3 million compared to CA$2.5 million in the third quarter of last year, representing a year-over-year increase of 72%.</li>
<li>Free cash flow increased to CA$1.2 million from CA$37,000 in the third quarter of 2023.</li>
<li>Generated earnings per share of CA$0.02 compared to CA$0.03 in the prior year's period.</li>
</ul>
<h3 class="wp-block-heading">Q3 2024 Operational Highlights</h3>
<ul>
<li>Expansion in Manitoba, Canada;</li>
<li>Successful launch of three new genetics for Cannara's House of Brands;</li>
<li>Sale of a parcel of land at Valleyfield site;</li>
<li>Cannara enters East Coast recreational market with the 4/20-themed offer with NSLC; and</li>
<li>Continued expansion in Quebec and other provinces.</li>
</ul>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/general/biotech/24/02/36979898/cannara-biotech-q1-results-revenue-net-income-and-market-share-up-quarter-also-marks-companys-fir">Cannara Biotech Q1 Results: Revenue, Net Income And Market Share Up, Quarter Also Marks Company&#8217;s First Export Sale</a></li>
</ul>
To learn more about cannabis stocks, come, join us at the 19th Benzinga Cannabis Capital Conference, coming to Chicago this Oct. 8-9. <a href="https://www.eventbrite.com/e/benzinga-capital-conference-cannabis-fall-2024-tickets-858948065787?aff=oddtdtcreator" target="_blank" rel="noreferrer noopener">Get your tickets now</a> before prices surge by following <a href="https://www.eventbrite.com/e/benzinga-capital-conference-cannabis-fall-2024-tickets-858948065787?aff=oddtdtcreator" target="_blank" rel="noreferrer noopener">this link</a>.

Cannabis

LOVE

LOVFF

TSXV:LOVE

Cannara Biotech Reports 6% YoY Drop In Q3 Gross Profit, 22% Revenue Increase As It Enhances Sales Force And Infrastructure

Grab Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRAB#NASDAQ">GRAB</a>) goes Uber Technologies, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) way with the latest move.
The ride-hailing company is expanding its services beyond ride-hailing and food delivery by entering Southeast Asia&#8217;s competitive restaurant booking industry.
For comparison, Uber <a target="_blank" href="https://www.benzinga.com/news/earnings/24/05/38699562/ubers-bottomline-takes-a-hit-despite-revenue-uptick-stock-tanks" rel="noreferrer noopener">reported delivery&nbsp;revenue</a> of $3.21 billion, which is up 4% in the first quarter.
Confirming to <a target="_blank" href="https://techcrunch.com/2024/07/23/grab-acquires-singapores-restaurant-reservation-platform-chope/" rel="noreferrer noopener">TechCrunch</a>, Grab acquired the Singapore-based dining reservation platform Chope for an undisclosed amount.
The move aims to differentiate Grab from its competitors and improve margins by expanding its restaurant reservation business.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/asia/24/05/39089311/ubers-asia-peer-grab-taps-openai-to-enhance-app-navigation-and-customer-support" rel="noreferrer noopener">Uber&#8217;s Asia Peer Grab Taps OpenAI to Enhance App Navigation and Customer Support</a>
Grab&#8217;s acquisition of Chope significantly boosts its restaurant booking capabilities. With 13,000 eateries across Singapore, Hong Kong, China, Indonesia, and Thailand, Chope will integrate with Grab&#8217;s existing services, such as HungryGoWhere, acquired in 2022.
Founded in 2011, Chope raised over $64 million from investors, including Ant Group and Singha Ventures.
The acquisition allows Grab to offer enhanced restaurant booking services, distinguishing it from peers like GoTo and Line Man Wongnai.
Grab held $2.1 billion in <a target="_blank" href="https://www.benzinga.com/pressreleases/24/05/g38861369/grab-reports-first-quarter-2024-results" rel="noreferrer noopener">cash and equivalents</a> as of March 31.
Grab&#8217;s first-quarter revenue of $653 million (up 24% year-on-year) in the first quarter of 2024 compared to Uber&#8217;s $10.10 billion (up by 15% year-on-year).
Price Action:&nbsp;GRAB shares traded lower by 0.15% at $3.37 at the last check on Tuesday.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/02/37034210/grab-and-goto-rekindle-merger-talks-amidst-fierce-competition-report" target="_blank" rel="noreferrer noopener">Grab And GoTo Rekindle Merger Talks Amidst Fierce Competition: Report</a></li>
</ul>
Photo via Shutterstock

Media

GRAB

UBER

Grab Follows Uber's Lead, Acquires Chope To Expand Into Restaurant Bookings

Goldman Sachs analyst Bonnie Herzog reiterated a <a target="_blank" href="https://www.benzinga.com/quote/KO/analyst-ratings" rel="noreferrer noopener">Neutral rating</a> on the shares of Coca-Cola Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>)&nbsp;with a price target of $60.00.
KO delivered an<a target="_blank" href="https://www.benzinga.com/news/earnings/24/07/39904801/coca-colas-sweet-surge-q2-earnings-soar-raises-2024-forecasts" rel="noreferrer noopener"> impressive second-quarter top line beat</a>, which coupled with strong gross margin expansion led to an EPS beat at $0.84, opined the analyst.
The analyst was caught surprised with the magnitude of the earnings beat yet again.
The top-line beat was driven by strong price/mix growth of +9% y/y &#8211; ahead of the analyst's estimate, which continues to reflect KO's strong pricing power and impressive revenue growth management capabilities.&nbsp;
Despite some lingering cost pressures and inflation, gross margins expanded ~200bps y/y to 61.4%, with the operating margin also up ~120bps y/y to 32.8%.
Given the strong quarter, KO raised its FY24 guidance for the second time this year, which is very strong compared to its CPG peers, noted the analyst.
The analyst also noted that the top-line organic growth guidance includes the anticipated pricing impact of several markets experiencing intense inflation.
Overall, the analyst considers KO's guidance is reflective of still-resilient consumer elasticities and the company's impressive execution in a challenging operating environment.
The analyst expects ongoing f/x headwinds and tempered reported dollar EPS growth this year could weigh on the stock in the near term.
That said, the analyst continues to see a neutral risk/reward given KO's ongoing litigation with the IRS and potential tax liabilities while KO's exposure to floating rate debt and stepped-up f/x headwinds keeps the analyst on the sidelines.
The analyst's 12-month price target of $60 is based on an equal-weighted P/E of 19.5x and EV/EBITDA of 16.1x, both on the FY25 estimates.
Price Action: KO shares are trading higher by 0.69% at $65.22 at last check Tuesday.
Image via Shutterstock

Coca-Cola's Revenue And Profit Shows Resilient Growth Amid Inflation: Goldman Sachs

White House Says Biden To Meet With Netanyahu On Thursday

<a href="https://truthsocial.com/@realDonaldTrump/112837026187119625" title="https://truthsocial.com/@realDonaldTrump/112837026187119625">https://truthsocial.com/@realDonaldTrump/112837026187119625</a>

Trump Says He Is Meeting Netanyahu On Thursday, After Previously Announcing They Would Meet On Wednesday

In the last three months, 5 analysts have published ratings on Moelis (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MC#NYSE">MC</a>), offering a diverse range of perspectives from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
</tr>
</tbody>
</table>
Analysts have recently evaluated Moelis and provided 12-month price targets. The average target is $52.4, accompanied by a high estimate of $61.00 and a low estimate of $47.00. Witnessing a positive shift, the current average has risen by 2.75% from the previous average price target of $51.00.
<img src="https://www.benzinga.com/files/images/story/2024/1721757703_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
A clear picture of Moelis's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Ryan Kenny</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Underweight</td>
<td>$61.00</td>
<td>$51.00</td>
</tr>
<tr>
<td>Kenneth Worthington</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$50.00</td>
<td>$54.00</td>
</tr>
<tr>
<td>Brennan Hawken</td>
<td>UBS</td>
<td>Raises</td>
<td>Sell</td>
<td>$50.00</td>
<td>$47.00</td>
</tr>
<tr>
<td>Brennan Hawken</td>
<td>UBS</td>
<td>Raises</td>
<td>Sell</td>
<td>$47.00</td>
<td>$45.00</td>
</tr>
<tr>
<td>Aidan Hall</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Lowers</td>
<td>Market Perform</td>
<td>$54.00</td>
<td>$58.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Moelis. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Moelis compared to the broader market.</li>
<li>Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Moelis's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
To gain a panoramic view of Moelis's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/MC/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Moelis analyst ratings.</a>
<h2>Unveiling the Story Behind Moelis</h2>
Moelis &amp; Co is an independent investment bank that provides strategic and financial advice to a diverse client base, including corporations, financial sponsors, governments, and sovereign wealth funds. The company assists its clients in achieving their strategic goals by offering comprehensive, globally integrated financial advisory services across all industry sectors. It also advises clients on their critical decisions, including mergers and acquisitions, recapitalizations and restructurings, capital markets transactions, and other corporate finance matters. it generates revenue from advisory transactions. The firm derives a majority of its revenue from the United States followed by Europe and the rest of the World.
<h3>Moelis: Delving into Financials</h3>
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
Revenue Growth: Moelis displayed positive results in 3 months. As of 31 March, 2024, the company achieved a solid revenue growth rate of approximately 15.79%. This indicates a notable increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Financials sector.
Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of 7.62%, the company may need to address challenges in effective cost control.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 4.62%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Moelis's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 1.51% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: Moelis's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.58.
<h2>The Significance of Analyst Ratings Explained</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Evaluating Moelis: Insights From 5 Financial Analysts

In the last three months, 12 analysts have published ratings on Under Armour (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UAA#NYSE">UAA</a>), offering a diverse range of perspectives from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">9</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">9</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
In the assessment of 12-month price targets, analysts unveil insights for Under Armour, presenting an average target of $7.0, a high estimate of $10.00, and a low estimate of $4.00. A negative shift in sentiment is evident as analysts have decreased the average price target by 16.86%. 
<img src="https://www.benzinga.com/files/images/story/2024/1721757664_0.png" alt="price target chart" />
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
The standing of Under Armour among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Kimberly Greenberger</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Underweight</td>
<td>$4.00</td>
<td>$8.00</td>
</tr>
<tr>
<td>Adrienne Yih</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$6.00</td>
<td>$9.00</td>
</tr>
<tr>
<td>Simeon Siegel</td>
<td>BMO Capital</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$10.00</td>
<td>$12.00</td>
</tr>
<tr>
<td>Will Gaertner</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$6.00</td>
<td>$7.00</td>
</tr>
<tr>
<td>Michael Binetti</td>
<td>Evercore ISI Group</td>
<td>Lowers</td>
<td>Underperform</td>
<td>$6.00</td>
<td>$7.00</td>
</tr>
<tr>
<td>Joseph Civello</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Hold</td>
<td>$7.00</td>
<td>$8.00</td>
</tr>
<tr>
<td>Cristina Fernandez</td>
<td>Telsey Advisory Group</td>
<td>Lowers</td>
<td>Market Perform</td>
<td>$7.00</td>
<td>$8.00</td>
</tr>
<tr>
<td>Lorraine Hutchinson</td>
<td>B of A Securities</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$8.00</td>
<td>$9.00</td>
</tr>
<tr>
<td>Cristina Fernandez</td>
<td>Telsey Advisory Group</td>
<td>Maintains</td>
<td>Market Perform</td>
<td>$8.00</td>
<td>$8.00</td>
</tr>
<tr>
<td>Cristina Fernandez</td>
<td>Telsey Advisory Group</td>
<td>Lowers</td>
<td>Market Perform</td>
<td>$8.00</td>
<td>$9.00</td>
</tr>
<tr>
<td>Paul Lejuez</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$7.00</td>
<td>$8.00</td>
</tr>
<tr>
<td>Will Gaertner</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$7.00</td>
<td>$8.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Under Armour. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Under Armour compared to the broader market.</li>
<li>Price Targets: Analysts predict movements in price targets, offering estimates for Under Armour's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Under Armour's market standing. Stay informed and make data-driven decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/UAA/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Under Armour analyst ratings.</a>
<h2>Discovering Under Armour: A Closer Look</h2>
Under Armour develops, markets, and distributes athletic apparel, footwear, and accessories in North America, Asia-Pacific, Europe, and other regions. Consumers of its performance-based clothing and shoes include professional and amateur athletes, sponsored college and professional teams, and people with active lifestyles. The company sells merchandise through direct-to-consumer, including e-commerce and more than 400 combined factory house and brand house stores, and wholesale channels. Under Armour also operates a digital fitness app called MapMyFitness. The Baltimore-based company was founded in 1996.
<h3>Financial Insights: Under Armour</h3>
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
Revenue Challenges: Under Armour's revenue growth over 3 months faced difficulties. As of 31 March, 2024, the company experienced a decline of approximately -4.75%. This indicates a decrease in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Consumer Discretionary sector.
Net Margin: Under Armour's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive -0.02% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of -0.01%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Under Armour's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of -0.01%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: Under Armour's debt-to-equity ratio is below the industry average. With a ratio of 0.67, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>Analyst Ratings: Simplified</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Forecasting The Future: 12 Analyst Projections For Under Armour

12 analysts have shared their evaluations of Western Alliance (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAL#NYSE">WAL</a>) during the recent three months, expressing a mix of bullish and bearish perspectives.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have set 12-month price targets for Western Alliance, revealing an average target of $85.42, a high estimate of $100.00, and a low estimate of $70.00. This current average has increased by 14.27% from the previous average price target of $74.75. 
<img src="https://www.benzinga.com/files/images/story/2024/1721757650_0.png" alt="price target chart" />
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
A comprehensive examination of how financial experts perceive Western Alliance is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Steven Alexopoulos</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$100.00</td>
<td>$80.00</td>
</tr>
<tr>
<td>Bernard von-Gizycki</td>
<td>Deutsche Bank</td>
<td>Raises</td>
<td>Hold</td>
<td>$83.00</td>
<td>$62.00</td>
</tr>
<tr>
<td>Ebrahim Poonawala</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$98.00</td>
<td>$82.00</td>
</tr>
<tr>
<td>Brandon King</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$88.00</td>
<td>$74.00</td>
</tr>
<tr>
<td>Jon Arfstrom</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$87.00</td>
<td>$78.00</td>
</tr>
<tr>
<td>Timur Braziler</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$85.00</td>
<td>$68.00</td>
</tr>
<tr>
<td>Jared Shaw</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$92.00</td>
<td>$86.00</td>
</tr>
<tr>
<td>Matthew Clark</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Overweight</td>
<td>$93.00</td>
<td>$76.00</td>
</tr>
<tr>
<td>Jon Arfstrom</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$78.00</td>
<td>$76.00</td>
</tr>
<tr>
<td>Brandon King</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$74.00</td>
<td>$75.00</td>
</tr>
<tr>
<td>Casey Haire</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Buy</td>
<td>$77.00</td>
<td>$70.00</td>
</tr>
<tr>
<td>David Chiaverini</td>
<td>Wedbush</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$70.00</td>
<td>$70.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Western Alliance. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Western Alliance compared to the broader market.</li>
<li>Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Western Alliance's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
To gain a panoramic view of Western Alliance's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/WAL/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Western Alliance analyst ratings.</a>
<h2>Discovering Western Alliance: A Closer Look</h2>
Western Alliance Bancorporation is a Las Vegas-based holding company with regional banks operating in Nevada, Arizona, and California. The bank offers retail banking services and focuses on mortgages for retail customers and commercial loans. The company's reportable segments are Commercial segment includes provides commercial banking and treasury management products and services to small and middle-market businesses, specialized banking services to sophisticated commercial institutions and investors within niche industries, as well as financial services to the real estate industry. Consumer Related segment offers both commercial banking services to enterprises in consumer-related sectors and consumer banking services, such as residential mortgage banking. Corporate &amp; Other.
<h3>Financial Milestones: Western Alliance's Journey</h3>
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: Western Alliance's remarkable performance in 3 months is evident. As of 30 June, 2024, the company achieved an impressive revenue growth rate of 1.37%. This signifies a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Financials sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 32.54%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 3.2%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Western Alliance's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of 0.24%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: With a high debt-to-equity ratio of 1.1, Western Alliance faces challenges in effectively managing its debt levels, indicating potential financial strain.
<h2>The Basics of Analyst Ratings</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Beyond The Numbers: 12 Analysts Discuss Western Alliance Stock

5 analysts have shared their evaluations of Shutterstock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SSTK#NYSE">SSTK</a>) during the recent three months, expressing a mix of bullish and bearish perspectives.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have recently evaluated Shutterstock and provided 12-month price targets. The average target is $62.6, accompanied by a high estimate of $65.00 and a low estimate of $58.00. Observing a 0.97% increase, the current average has risen from the previous average price target of $62.00. 
<img src="https://www.benzinga.com/files/images/story/2024/1721757634_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
A comprehensive examination of how financial experts perceive Shutterstock is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Brian Nowak</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$58.00</td>
<td>$55.00</td>
</tr>
<tr>
<td>Bernie McTernan</td>
<td>Needham</td>
<td>Maintains</td>
<td>Buy</td>
<td>$65.00</td>
<td>$65.00</td>
</tr>
<tr>
<td>Youssef Squali</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$65.00</td>
<td>$70.00</td>
</tr>
<tr>
<td>Bernie McTernan</td>
<td>Needham</td>
<td>Raises</td>
<td>Buy</td>
<td>$65.00</td>
<td>$60.00</td>
</tr>
<tr>
<td>Bernie McTernan</td>
<td>Needham</td>
<td>Maintains</td>
<td>Buy</td>
<td>$60.00</td>
<td>$60.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Shutterstock. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Shutterstock compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of Shutterstock's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Shutterstock's market position. Stay informed and make well-informed decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/SSTK/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Shutterstock analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>Discovering Shutterstock: A Closer Look</h2>
Shutterstock Inc is a U.S.-based company that is engaged in the provision of digital content. The content segment, whose offerings include licenses for Images, Footage, Music, 3 Dimensional, and Generative AI content. Data, Distribution, and Service offerings address customer demand for products and services that are beyond its Content licenses. The company generates the majority of its revenue from Content offerings. Geographically the company generates the majority of its revenue from the Domestic market.
<h3>Shutterstock: Financial Performance Dissected</h3>
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Negative Revenue Trend: Examining Shutterstock's financials over 3 months reveals challenges. As of 31 March, 2024, the company experienced a decline of approximately -0.45% in revenue growth, reflecting a decrease in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Communication Services sector.
Net Margin: Shutterstock's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 7.52% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Shutterstock's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 3.02% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Shutterstock's ROA excels beyond industry benchmarks, reaching 1.56%. This signifies efficient management of assets and strong financial health.
Debt Management: With a below-average debt-to-equity ratio of 0.11, Shutterstock adopts a prudent financial strategy, indicating a balanced approach to debt management.
<h2>Analyst Ratings: What Are They?</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

SSTK

Unveiling 5 Analyst Insights On Shutterstock

In the last three months, 7 analysts have published ratings on Aflac (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AFL#NYSE">AFL</a>), offering a diverse range of perspectives from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Insights from analysts' 12-month price targets are revealed, presenting an average target of $89.71, a high estimate of $105.00, and a low estimate of $82.00. Surpassing the previous average price target of $85.57, the current average has increased by 4.84%.
<img src="https://www.benzinga.com/files/images/story/2024/1721757625_0.png" alt="price target chart" />
<h2>Exploring Analyst Ratings: An In-Depth Overview</h2>
A comprehensive examination of how financial experts perceive Aflac is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Michael Ward</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Neutral</td>
<td>$93.00</td>
<td>$84.00</td>
</tr>
<tr>
<td>Joshua Shanker</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$105.00</td>
<td>$95.00</td>
</tr>
<tr>
<td>Jimmy Bhullar</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Neutral</td>
<td>$83.00</td>
<td>$80.00</td>
</tr>
<tr>
<td>Suneet Kamath</td>
<td>Jefferies</td>
<td>Lowers</td>
<td>Hold</td>
<td>$83.00</td>
<td>$84.00</td>
</tr>
<tr>
<td>John Barnidge</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Overweight</td>
<td>$100.00</td>
<td>$95.00</td>
</tr>
<tr>
<td>Elyse Greenspan</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$82.00</td>
<td>$81.00</td>
</tr>
<tr>
<td>Mark Hughes</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Hold</td>
<td>$82.00</td>
<td>$80.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Aflac. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Aflac compared to the broader market.</li>
<li>Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Aflac's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Capture valuable insights into Aflac's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/AFL/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Aflac analyst ratings.</a>
<h2>Unveiling the Story Behind Aflac</h2>
Aflac Inc offers supplemental health insurance and life insurance in United States and Japan. In addition to its cancer policies, the company has broadened its product offerings to include accident, dental and vision, disability, and long-term-care insurance. It markets its products through independent distributors, selling majority of its policies directly to consumers at their places of work and also reaches out to its customers out of their worksite through digital mediums. The company has two reportable business segments; Aflac Japan which generates the majority of the revenue, and Aflac U.S.
<h3>A Deep Dive into Aflac's Financials</h3>
Market Capitalization Analysis: With a profound presence, the company's market capitalization is above industry averages. This reflects substantial size and strong market recognition.
Revenue Growth: Over the 3 months period, Aflac showcased positive performance, achieving a revenue growth rate of 12.72% as of 31 March, 2024. This reflects a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Financials sector.
Net Margin: Aflac's net margin is impressive, surpassing industry averages. With a net margin of 34.53%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 8.26%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Aflac's ROA excels beyond industry benchmarks, reaching 1.49%. This signifies efficient management of assets and strong financial health.
Debt Management: Aflac's debt-to-equity ratio is below the industry average. With a ratio of 0.34, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

7 Analysts Have This To Say About Aflac

Tritium DCFC (DCFCQ) has released an update. Tritium DCFC Limited has announced the resignation of Jane Hunter from the board of directors, effecti...

Tritium DCFC CEO Resigns from Board

Tritium DCFC (DCFCQ) has released an update. Tritium DCFC Limited, an Australian firm specializing in direct current fast chargers, has announced t...

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Comments

Tritium DCFC

News

Latest news for Tritium DCFC (OTC:DCFCQ) Stock