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Argus Research analyst Jim Kelleher maintains KLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KLAC#NASDAQ">KLAC</a>) with a Buy and raises the price target from $800 to $875.

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KLAC

Argus Research Maintains Buy on KLA, Raises Price Target to $875

Whales with a lot of money to spend have taken a noticeably bullish stance on Starbucks.
Looking at options history for Starbucks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>) we detected 10 trades.
If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 40% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $151,425 and 7, calls, for a total amount of $615,336.
<h3>Projected Price Targets</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $50.0 to $80.0 for Starbucks during the past quarter. 
<h3>Analyzing Volume &amp; Open Interest</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 Starbucks'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 Starbucks's whale activity within a strike price range from $50.0 to $80.0 in the last 30 days. 
<h3>Starbucks Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1722021361_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 style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>SBUX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>08/02/24</td>
<td>$24.5</td>
<td>$24.0</td>
<td>$24.0</td>
<td>$50.00</td>
<td>$240.0K</td>
<td>0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>SBUX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$3.55</td>
<td>$3.5</td>
<td>$3.55</td>
<td>$80.00</td>
<td>$142.7K</td>
<td>0</td>
<td style="text-align: right;">495</td>
</tr>
<tr>
<td>SBUX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$6.75</td>
<td>$6.7</td>
<td>$6.7</td>
<td>$70.00</td>
<td>$94.4K</td>
<td>1.7K</td>
<td style="text-align: right;">206</td>
</tr>
<tr>
<td>SBUX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$8.4</td>
<td>$8.2</td>
<td>$8.4</td>
<td>$75.00</td>
<td>$55.4K</td>
<td>1.9K</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>SBUX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$3.9</td>
<td>$3.85</td>
<td>$3.85</td>
<td>$70.00</td>
<td>$51.5K</td>
<td>8.8K</td>
<td style="text-align: right;">14</td>
</tr>
</tbody>
</table>

<h3>About Starbucks</h3>
Starbucks is one of the most widely recognized restaurant brands in the world, operating more than 38,000 stores across more than 80 countries as of the end of fiscal 2023. The firm operates in three segments: North America, international markets, and channel development (grocery and ready-to-drink beverage). The coffee chain generates revenue from company-operated stores, royalties, sales of equipment and products to license partners, ready-to-drink beverages, packaged coffee sales, and single-serve products.
Having examined the options trading patterns of Starbucks, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Present Market Standing of Starbucks</h3>
<ul>
<li>Currently trading with a volume of 3,908,037, the SBUX's price is up by 1.13%, now at $74.14. </li>
<li>RSI readings suggest the stock is currently is currently neutral between overbought and oversold.</li>
<li>Anticipated earnings release is in 4 days.</li>
</ul>
<h3>Professional Analyst Ratings for Starbucks</h3>
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $85.2.
<ul>
<li>Maintaining their stance, an analyst from Wedbush continues to hold a Neutral rating for Starbucks, targeting a price of $77. </li>
<li>An analyst from Morgan Stanley persists with their Overweight rating on Starbucks, maintaining a target price of $98. </li>
<li>Reflecting concerns, an analyst from Evercore ISI Group lowers its rating to In-Line with a new price target of $80.</li>
<li>In a cautious move, an analyst from TD Cowen downgraded its rating to Hold, setting a price target of $81. </li>
<li>An analyst from JP Morgan has decided to maintain their Overweight rating on Starbucks, which currently sits at a price target of $90. </li>
</ul>
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Starbucks with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Options

Markets

SBUX

Spotlight on Starbucks: Analyzing the Surge in Options Activity

Crypto trader CryptoBully outlined his views on the potential price movements of Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) and the impact of <a href="https://www.msn.com/en-us/money/markets/bitcoin-rebounds-to-67k-ethereum-to-3250-are-etfs-buying-again/ar-BB1qG5Bp">Ethereum ETFs launching</a>.
What Happened: The trader suggested that Bitcoin could see a minimum retest of $65,800, following a cap of $63,300.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">MONEY MAKER THREAD; 26/07 Trading plans, <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> and <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> levels of interest and some lessons to take away from Ethereum ETF launch 1/n&#x1f9f5; <a href="https://t.co/jDvNncuwqE">pic.twitter.com/jDvNncuwqE</a>
&mdash; Crypto Bully &#x1f525; (@BullyDCrypto) <a href="https://twitter.com/BullyDCrypto/status/1816598522528981020?ref_src=twsrc%5Etfw">July 25, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
He also mentioned being long on a few altcoins, expecting Bitcoin to move sideways or grind up in the near term. The crypto influencer further discussed the non-event nature of ETF launches, dismissing the speculation around volume changes post-launch.
The trader drew parallels with the <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39906763/bitcoin-stuck-below-67k-despite-526m-in-etf-inflows-what-is-going-on">Bitcoin ETF</a> launch, noting the initial V reverse followed by a slow grind down. He warned of potential lower levels if the price doesn&#8217;t move up significantly from the midpoint of the initial wick.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="300" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/29155259/905735A6-57D3-4874-9AA1-75D037842DB3-2.gif" alt="Benzinga Future of Digital Assets conference" class="wp-image-270548" /></figure>
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39991313/bitcoin-showing-obvious-strength-against-ethereum-trader-foresees-major-opportunity-ahead-">Bitcoin Showing &#8216;Obvious Strength Against Ethereum,&#8217; Trader Foresees &#8216;Major Opportunity&#8217; Ahead Of $100K</a>
Why It Matters: Crypto Bully expressed a bearish outlook on Ethereum, citing a lack of demand and comparing the situation to the Merge. He suggested avoiding Ethereum spot trades until Bitcoin surpasses and sustains above $67,000. He also mentioned the possibility of accumulating spot across the board if Bitcoin hits its June lows.
His views on the critical reaction of Ethereum at its June low, and the performance of the Ethereum-Bitcoin pair, further add to the trading narrative in the current crypto market scenario.
Crypto trader DonAlt <a href="https://x.com/CryptoDonAlt/status/1816819869913923983">noted</a> the Bitcoin market capitalization dominance chart as a "wild chart." He is surprisd by the increase in Bitcoin dominance given all the money and work that went into the rest of the crypto sector.
What&#8217;s Next: The influence of&nbsp;<a href="https://www.benzinga.com/money/is-bitcoin-a-good-investment" target="_blank" rel="noreferrer noopener">Bitcoin as an institutional asset class</a>&nbsp;is expected to be thoroughly explored at Benzinga&#8217;s upcoming&nbsp;<a href="https://www.benzinga.com/events/digital-assets/agenda/" target="_blank" rel="noreferrer noopener">Future of Digital Assets</a>&nbsp;event on Nov. 19.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39986816/prominent-trader-details-the-crypto-markets-dipped-and-what-could-happen-next">Prominent Trader Details The Crypto Markets Dipped And What Could Happen Next</a></li>
</ul>
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image: Shutterstock

$BTC

$ETH

Prominent Trader Shares Bitcoin, Ethereum 'Levels Of Interest' And ETF Launch Lessons

Whales with a lot of money to spend have taken a noticeably bearish stance on GameStop.
Looking at options history for GameStop (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) we detected 19 trades.
If we consider the specifics of each trade, it is accurate to state that 31% of the investors opened trades with bullish expectations and 47% with bearish.
From the overall spotted trades, 4 are puts, for a total amount of $195,560 and 15, calls, for a total amount of $830,163.
<h3>Projected Price Targets</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 $40.0 for GameStop during the past quarter. 
<h3>Volume &amp; Open Interest Development</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in GameStop's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to GameStop's substantial trades, within a strike price spectrum from $15.0 to $40.0 over the preceding 30 days.
<h3>GameStop Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1722021356_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</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>GME</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>10/18/24</td>
<td>$7.7</td>
<td>$6.5</td>
<td>$7.7</td>
<td>$20.00</td>
<td>$192.5K</td>
<td>6.0K</td>
<td style="text-align: right;">250</td>
</tr>
<tr>
<td>GME</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$6.55</td>
<td>$6.2</td>
<td>$6.55</td>
<td>$26.00</td>
<td>$131.0K</td>
<td>398</td>
<td style="text-align: right;">302</td>
</tr>
<tr>
<td>GME</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/02/24</td>
<td>$0.36</td>
<td>$0.34</td>
<td>$0.35</td>
<td>$23.50</td>
<td>$91.9K</td>
<td>1.3K</td>
<td style="text-align: right;">304</td>
</tr>
<tr>
<td>GME</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$6.6</td>
<td>$6.2</td>
<td>$6.55</td>
<td>$26.00</td>
<td>$65.5K</td>
<td>398</td>
<td style="text-align: right;">2</td>
</tr>
<tr>
<td>GME</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$10.0</td>
<td>$9.6</td>
<td>$10.0</td>
<td>$15.00</td>
<td>$50.0K</td>
<td>1.8K</td>
<td style="text-align: right;">53</td>
</tr>
</tbody>
</table>

<h3>About GameStop</h3>
GameStop Corp is a U.S. multichannel video game, consumer electronics, and services retailer. The company operates across Europe, Canada, Australia, and the United States. GameStop sells new and second-hand video game hardware, physical and digital video game software, and video game accessories, mainly through GameStop, EB Games, and Micromania stores and international e-commerce sites. The majority of sales are from the United States.
<h3>GameStop's Current Market Status</h3>
<ul>
<li>With a trading volume of 5,295,520, the price of GME is up by 2.05%, reaching $24.44.</li>
<li>Current RSI values indicate that the stock is is currently neutral between overbought and oversold.</li>
<li>Next earnings report is scheduled for 40 days from now.</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 GameStop options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

GameStop Unusual Options Activity

Investors with a lot of money to spend have taken a bearish stance on Novavax (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVAX#NASDAQ">NVAX</a>).
And retail traders should know.
We noticed this today when the trades 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 NVAX, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 9 uncommon options trades for Novavax.
This isn't normal.
The overall sentiment of these big-money traders is split between 33% bullish and 55%, bearish.
Out of all of the special options we uncovered, 4 are puts, for a total amount of $527,518, and 5 are calls, for a total amount of $169,538.
<h3>What's The Price Target?</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $12.5 and $30.0 for Novavax, spanning the last three months.
<h3>Volume &amp; Open Interest Trends</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 Novavax'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 Novavax's whale activity within a strike price range from $12.5 to $30.0 in the last 30 days. 
<h3>Novavax Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1722021351_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>NVAX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$3.3</td>
<td>$2.98</td>
<td>$3.3</td>
<td>$12.50</td>
<td>$261.6K</td>
<td>12.7K</td>
<td>1.2K</td>
</tr>
<tr>
<td>NVAX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$3.35</td>
<td>$3.3</td>
<td>$3.3</td>
<td>$12.50</td>
<td>$160.7K</td>
<td>12.7K</td>
<td>489</td>
</tr>
<tr>
<td>NVAX</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$6.65</td>
<td>$6.35</td>
<td>$6.38</td>
<td>$20.00</td>
<td>$54.8K</td>
<td>551</td>
<td>103</td>
</tr>
<tr>
<td>NVAX</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$10.25</td>
<td>$9.95</td>
<td>$10.05</td>
<td>$25.00</td>
<td>$50.2K</td>
<td>85</td>
<td>50</td>
</tr>
<tr>
<td>NVAX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$4.4</td>
<td>$4.3</td>
<td>$4.3</td>
<td>$30.00</td>
<td>$49.0K</td>
<td>1.7K</td>
<td>168</td>
</tr>
</tbody>
</table>

<h3>About Novavax</h3>
Novavax Inc is a biotechnology company that develops vaccines. The company works in the clinical stage of development with a focus on delivering novel products that prevent a broad range of diseases. Novavax works together with its wholly owned Swedish subsidiary to produce vaccine candidates to respond to both known and emerging disease threats. The company believes its vaccine technology has the potential to be applied broadly to a wide variety of human infectious diseases. The Company manages its business as one operating segment, the development and commercialization of vaccines. The company generates maximum revenue from Europe.
<h3>Present Market Standing of Novavax</h3>
<ul>
<li>Trading volume stands at 5,964,568, with NVAX's price up by 2.94%, positioned at $17.16.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 11 days.</li>
</ul>
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Novavax with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

NVAX

Market Whales and Their Recent Bets on NVAX Options

The Visual Capitalist website recently published a new infographic depicting the fastest-growing millionaire populations from 2013 to 2023. While the United States has seen a 62% increase in its millionaire population, it's not even close to the top of the list.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&quot;The Fastest Growing Millionaire Populations, by Country (2013-2023)&quot; <a href="https://t.co/VYWaULNTz2">https://t.co/VYWaULNTz2</a> <a href="https://t.co/F3qh0oVxbj">pic.twitter.com/F3qh0oVxbj</a>
&mdash; Scott Lincicome (@scottlincicome) <a href="https://twitter.com/scottlincicome/status/1810347056948482466?ref_src=twsrc%5Etfw">July 8, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Don't Miss:
<ul>
<li>Are you richer than most people you know?<a href="https://www.benzinga.com/money/are-you-richer-than-most-people"> Here&#8217;s the net worth you need at every age to be above average.</a></li>
<li>Can you guess how many retire with a $5,000,000 nest egg? &#8211;<a href="https://www.benzinga.com/money/retire-5mil-nest-egg"> How does it compare to the average?</a></li>
</ul>
Topping the charts is Vietnam, where the number of millionaires has skyrocketed by an astonishing 98%. However, according to Visual Capitalist, the number of millionaires there is still under 20,000 — 19,400, to be exact. Following closely behind is China, with a 92% increase, and Mauritius, a small island nation in the Indian Ocean, saw an 87% rise.
Although the U.S. didn't grow as fast percentage-wise, it still boasts the largest number of millionaires in the world. In 2023, the U.S. had over 5.4 million millionaires. China is trying to catch up with 862,400 millionaires, becoming the second country to approach this milestone.
<a href="https://www.benzinga.com/news/24/02/37151035/brics-millionaire-population-to-surge-by-85-over-next-decade-challenging-g7-dominance-analyst">Emerging economies are making big progress</a>. India's millionaire population grew by 85%, reaching 326,400 (4th on the list). The United Arab Emirates (UAE) saw a 77% increase, hitting 116,500 millionaires (5th). These countries benefit from strong economic policies, more foreign investments, and a growing middle class.
Trending: Don&#8217;t miss out on the next Nvidia &#8211;<a href="https://www.benzinga.com/money/fundrise-innovation-fund"> you can invest in the future of AI for only $10.</a>
Smaller countries are also seeing impressive growth. Malta's millionaire count jumped by 74%, and Monaco's increased by 68%. Singapore is trailing behind them in 8th place with 244,800 millionaires in 2023 — a rise of 64% in 10 years. These nations have become attractive to wealthy individuals mainly because of their favorable tax policies and luxurious living conditions.
However, it hasn&#8217;t been a net positive for every nation. The United Kingdom saw an 8% <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/06/39465176/millionaires-set-to-flee-britain-in-record-numbers-in-2024-over-economic-political-">drop in millionaires</a>, likely because of economic uncertainties like Brexit. Japan&#8217;s number of millionaires fell by 6%, and Hong Kong&#8217;s decreased by 4% due to political and economic challenges in the region.
See Also: This billion-dollar fund has invested in the next big real estate boom,<a href="https://www.benzinga.com/money/fundrise-flagship-fund"> here's how you can join for $10.</a>
<h2 class="wp-block-heading">What's Driving The Growth?</h2>
Vietnam's remarkable rise in millionaires is fueled by its rapid economic reforms and integration into the global economy. Key drivers are trade agreements, foreign investments, and a booming manufacturing sector.&nbsp;
According to Fortune, Vietnam's economy grew by 5.7% in the first quarter of 2024 compared to the previous year. This was faster than the 3.4% growth in the previous quarter but still below the government&#8217;s target of 6.0% to 6.5% for the year.
Despite a tough year for Vietnam, Jens Lottner, CEO of Techcombank, is optimistic about the country&#8217;s future, saying, "Sixty to seventy percent of Vietnamese people are very optimistic. They think the future will be better than today. It's a huge number."&nbsp;
Lottner believes they have good reason to be optimistic: if Vietnam keeps growing at this rate, in about 10 years, its GDP per person will be similar to China&#8217;s current level.
Read Next:
<ul>
<li>Will the surge continue or decline on real estate prices?<a href="https://www.benzinga.com/money/realbricks"> People are finding out about risk-free real estate investing that lets you cash out whenever you want.</a></li>
<li>When today&#8217;s AI startups go public, most of the rapid growth will be behind them — <a href="https://www.benzinga.com/money/fundrise-innovation-fund">here&#8217;s how not to get left out.</a></li>
</ul>

Personal Finance

Country-wise Fastest Growing Millionaire Population Revealed; U.S. Has 62% More In 10 Years But Isn't Even Close To The Top

TD Cowen analyst Jeffrey Osborne maintains Visteon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VC#NASDAQ">VC</a>) with a Buy and lowers the price target from $142 to $140.

TD Cowen Maintains Buy on Visteon, Lowers Price Target to $140

The cannabis industry faces a significant sustainability <a href="https://www.benzinga.com/general/biotech/23/04/31620821/the-environmental-impact-of-cannabis-sustainable-growth-or-eco-disaster">challenge</a>. A recent <a href="https://www.forbes.com/sites/andrewdeangelo/2024/07/24/why-sustainability-eludes-the-cannabis-industry/">article</a> in Forbes noted that due to federal prohibition and the resulting ban on interstate commerce, manufacturers are forced to establish costly production facilities in locations with less-than-ideal growing conditions. This is making the cannabis industry as <a href="https://www.benzinga.com/general/biotech/23/04/31620821/the-environmental-impact-of-cannabis-sustainable-growth-or-eco-disaster">polluting</a> as coal mines.
This inefficient production locations includes areas that are too hot, too cold or too windy, leading to <a href="https://www.benzinga.com/markets/cannabis/23/10/35313481/eco-alert-cannabis-cultivations-unseen-toll-on-fragile-ecosystems-heres-what-we-can-do">energy-intensive</a>, <a href="https://www.benzinga.com/markets/cannabis/21/02/19833017/cannabis-industry-needs-improvement-in-water-use-efficiency-report">water demanding</a> cultivation processes. Compounding this issue is the marketing <a href="https://www.benzinga.com/markets/cannabis/22/10/29256015/indoor-vs-outdoor-weed-which-type-of-cannabis-gives-you-a-better-high">myth</a> that indoor cultivation is superior to outdoor, further exacerbating the industry&#8217;s unsustainable practices. There&#8217;s room for improvement.
<h3 class="wp-block-heading">The WholeSale Ban Problem</h3>
Federal prohibition enforces restrictions that prevent high-quality outdoor cannabis, like that grown in California, from being transported and sold in states like New York. This restriction forces manufacturers to build indoor cultivation facilities in unsuitable climates, leading to high energy consumption. One result is that indoor cannabis cultivation relies heavily on artificial lighting and climate control systems, making it an energy-intensive process.
Federal prohibition also forbids cannabis to be <a href="https://www.benzinga.com/markets/cannabis/22/10/29228107/court-rules-importexport-of-mmj-equipment-and-paraphernalia-for-legal-states-are-exempt-from-fed">imported</a> into the United States, which is great from a point of view of protecting the domestic industry, but also contributes to the inefficiency of production.
Then there&#8217;s the misconception that <a href="https://www.benzinga.com/markets/cannabis/23/05/31494740/indoor-cannabis-grows-what-you-need-to-know-to-get-started">indoor-grown </a>cannabis is better than outdoor. Market forces and consumer demand have been shaped by marketing strategies that promote indoor growing, despite evidence that outdoor-grown is equally, if not more, effective. This has contributed to a proliferation of indoor grows, further straining the electrical grid and increasing fossil fuel consumption.
Read Also: <a href="https://www.benzinga.com/markets/cannabis/23/10/35313481/eco-alert-cannabis-cultivations-unseen-toll-on-fragile-ecosystems-heres-what-we-can-do">Eco Alert: Cannabis Cultivation&#8217;s Unseen Toll On Fragile Ecosystems, Here&#8217;s What We Can Do</a>
<h3 class="wp-block-heading">Regenerative Cannabis</h3>
Regenerative cannabis cultivation offers a viable solution to these challenges. This approach emphasizes sustainable farming practices, such as using organic inputs and reducing energy consumption. For example, some small farms in California have adopted regenerative indoor farming techniques, utilizing compost and worm castings instead of synthetic nutrients. These farms operate in mild climates, reducing the need for extensive energy use.
Doug Fine, author of &#8220;Too High To Fail,&#8221; argues that growing cannabis outdoors in suitable climates can be both environmentally sustainable and economically viable. &#8220;Healthy cannabis cultivated outdoors in a manner akin to organic produce is a win-win model,&#8221; he says.
This approach reduces the carbon footprint of cannabis production and aligns with consumer preferences for organic and fair-trade products.
Sustainability is increasingly becoming a critical global issue. The cannabis industry has much to gain from adapting eco-friendly <a href="https://www.benzinga.com/markets/cannabis/20/11/18435870/how-climate-positive-cultivation-is-growing-greener-cannabis">cultivation techniques</a>. Let&#8217;s not forget that hemp is one of the crops expected to <a href="https://www.benzinga.com/markets/cannabis/22/11/29865659/hemp-can-be-crucial-in-controlling-climate-change-and-its-destined-to-be-wildly-profitable-win-w">replace</a> synthetics hydrocarbon derivatives. But there&#8217;s also much to be done as the industry moves to viable and responsible <a href="https://www.benzinga.com/markets/cannabis/24/03/37965219/cannabis-goes-green-cutting-edge-products-spotlight-core-sustainability">farming</a>.
Embracing regenerative practices and pushing for necessary <a href="https://www.benzinga.com/markets/cannabis/21/09/17316590/profitable-yet-sustainable-3-methods-to-help-cannabis-growers-achieve-balance">changes</a> can reduce the environmental impact and also open up new opportunities for growth and innovation.
<ul>
<li>Read Next:<a href="https://www.benzinga.com/markets/cannabis/20/11/18435870/how-climate-positive-cultivation-is-growing-greener-cannabis"> Is Eco-Friendly Hemp Farming Profitable? This Company Proves It Is And Now Leads A Revolution In Cannabis Cultivation</a></li>
</ul>
Cover: GreenForce Staffing via Unsplash

Cannabis

Legal

Cannabis Sustainability: Why It Matters and How to Achieve It With Practical Inexpensive Measures

TD Cowen analyst Jason Seidl maintains Union Pacific (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNP#NYSE">UNP</a>) with a Buy and lowers the price target from $259 to $255.

TD Cowen Maintains Buy on Union Pacific, Lowers Price Target to $255

A Polymarket trader known as &#8220;BigMikeBeliever&#8221; has suffered a substantial loss betting on former first lady Michelle Obama&#8216;s potential nomination for the <a href="https://www.benzinga.com/general/politics/24/07/39946360/trump-vs-harris-2024-election-candidates-tied-in-new-poll-65-of-democrats-say-biden-stepping-dow">2024 Presidential race</a>.
According to <a href="https://polymarket.com/profile/0x93b33614739613d8faba18b027da20d5074b6436">data</a> from the prediction market platform Polymarket, the trader is currently down $329,356.99 on their positions.
The trader, who joined Polymarket in June 2024, has been particularly bullish on Michelle Obama&#8217;s prospects, holding 2,349,599 shares in the market asking &#8220;Will Michelle Obama win the 2024 Democratic Presidential Nomination?&#8221; 
However, recent market movements have not been kind to this position.
As of the latest data, the <a href="https://polymarket.com/event/democratic-nominee-2024/will-michelle-obama-win-the-2024-democratic-presidential-nomination?tid=1722017769442">market</a> now values Obama&#8217;s chances at a mere 1 cent per share, down from an average of 7 cents.
This places her far behind current front-runner Vice President Kamala Harris, who is given a 97% probability of winning the nomination.
This dramatic drop has resulted in a 82.25% loss on this position alone, amounting to $130,640.07.
The trader&#8217;s conviction appears to stem from persistent speculation about Obama&#8217;s potential entry into the race, despite her repeated statements declining any interest in running for office. Furthermore, Michelle Obama and former President Barack Obama <a href="https://www.benzinga.com/news/24/07/39979317/barack-obama-finally-comes-through-for-kamala-harris-joins-bill-clinton-biden-and-other-democrats-in">endorsed the Vice President</a>, which likely contributed to the trader&#8217;s collapsing position.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/events/digital-assets/"><img loading="lazy" decoding="async" width="300" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/27091545/Benzinga-conference.gif" alt="Benzinga future of digital assets conference" class="wp-image-267246" /></a></figure>
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39991197/vice-president-kamala-harris-reportedly-gave-bitcoin-conference-serious-consideration">Vice President Kamala Harris Reportedly Gave Bitcoin Conference &#8216;Serious Consideration&#8217;</a>
Why It Matters: The Polymarket platform, which allows users to bet on the outcomes of various events, shows that over $274 million has been wagered on this particular market. 
Despite Obama&#8217;s enduring popularity among Democrats, bettors appear to be skeptical of her entering the race at this late stage.
Other potential candidates fare even worse in the betting odds. 
Former Secretary of State Hillary Clinton is given less than a 1% chance, as are other possibilities grouped under &#8220;Other (Incl. Whitmer),&#8221; likely referring to Michigan Governor Gretchen Whitmer.
The intersection of prediction markets, cryptocurrencies, and political forecasting highlights the growing influence of digital assets in shaping public discourse and decision-making. 
This topic is likely to be a point of discussion at Benzinga&#8217;s upcoming <a href="https://www.benzinga.com/events/digital-assets/agenda/">Future of Digital Assets</a> event on November 19.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39982044/bitcoin-rebounds-to-67k-ethereum-to-3-250-are-etfs-buying-again">Bitcoin Rebounds To $67K, Ethereum To $3,250: Are ETFs Buying Again?</a></li>
</ul>
Image: Shutterstock

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

Polymarket Trader Down $130,000 On Daredevil Bet As Michelle Obama's Nominee Odds Tumble

TD Cowen analyst Jason Seidl maintains Norfolk Southern (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NSC#NYSE">NSC</a>) with a Hold and raises the price target from $251 to $253.

TD Cowen Maintains Hold on Norfolk Southern, Raises Price Target to $253

TD Cowen analyst Michael Elias maintains Digital Realty Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DLR#NYSE">DLR</a>) with a Hold and lowers the price target from $122 to $120.

TD Cowen Maintains Hold on Digital Realty Trust, Lowers Price Target to $120

TD Cowen analyst Krish Sankar maintains Ultra Clean Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UCTT#NASDAQ">UCTT</a>) with a Buy and raises the price target from $55 to $60.

UCTT

TD Cowen Maintains Buy on Ultra Clean Hldgs, Raises Price Target to $60

Bitcoin Cash's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/bch/usd">BCH</a>) price has increased 6.81% over the past 24 hours to $374.77, which is in the opposite direction of its trend over the past week, where it has experienced a 4.0% loss, moving from $390.52 to its current price. As it stands right now, the coin's all-time high is $3,785.82. 
The chart below compares the price movement and volatility for Bitcoin Cash over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.
<img src="https://www.benzinga.com/files/images/story/2024/1722020623_0.png" alt="price_chart" />
The trading volume for the coin has tumbled 4.0% over the past week while the circulating supply of the coin has risen 0.1%. This brings the circulating supply to 19.74 million, which makes up an estimated 93.99% of its max supply of 21.00 million. According to our data, the current market cap ranking for BCH is #18 at $7.40 billion.
<img src="https://www.benzinga.com/files/images/story/2024/1722020623_1.png" alt="supply_and_vol" />
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Movers

Trading Ideas

$BCH

Bitcoin Cash Rises More Than 6% In 24 hours

TD Cowen analyst Matthew Ramsay maintains STMicroelectronics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STM#NYSE">STM</a>) with a Buy and lowers the price target from $50 to $40.

TD Cowen Maintains Buy on STMicroelectronics, Lowers Price Target to $40

Media giant The Walt Disney Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) failed to have a lawsuit filed by former "Mandalorian" <a href="https://www.benzinga.com/general/entertainment/24/02/36969291/ceo-wars-star-wars-actress-brings-the-force-of-elon-musk-against-disney-lucasfilm">star Gina Carano dismissed</a>.
What Happened: Judge Sherilyn Peace Garnett denied Disney&#8217;s motion to dismiss Carano&#8217;s <a href="https://www.benzinga.com/general/entertainment/24/04/38209601/disney-leans-on-the-first-amendment-in-battle-with-gina-carano-elon-musk-will-the-force-be-">discrimination lawsuit</a>. The case will now go to trial unless Disney and Carano can settle beforehand.
Carano was let go from the Star Wars show that streams on Disney+ after the studio deemed her social media posts &#8220;abhorrent&#8221; and &#8220;denigrating&#8221; to people&#8217;s cultural and religious identities.
The actress and former mixed martial artist claims she was terminated due to having conservative political beliefs. 
X owner Elon Musk backed her complaint financially.
"A lot of billionaires put their money into buying islands and building bunkers. Elon Musk is using his money to fight massive injustice battles," Carano previously said.
Carano celebrated the news with a new post on social media saying she is "moved to tears" by the lawsuit moving forward.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">"the court DENIES defendants motion." I am moved to tears. After a brutal 3 1/2 years, I am being given the opportunity to move forward in the court of law before the judge and my peers to clear my name. I am so grateful for this opportunity. What happened to me was… <a href="https://t.co/q7r3MLhCEr">pic.twitter.com/q7r3MLhCEr</a>
&mdash; Gina Carano &#x1f56f; (@ginacarano) <a href="https://twitter.com/ginacarano/status/1816294920782766403?ref_src=twsrc%5Etfw">July 25, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Read Also: <a href="https://www.benzinga.com/general/24/04/38240165/disney-took-a-break-from-x-during-the-companys-suspension-of-advertising-now-one-account-is-tweeting">Disney Took A Break From X During The Company&#8217;s Suspension Of Advertising. Now, One Account Is Tweeting Again While Several Remain Dark.</a>
Why It's Important: The lawsuit, filed in the U.S. District Court for the Central District of California, will test employers can retaliate against workers for political activities outside of work, according to <a href="https://news.bloomberglaw.com/ip-law/disney-must-fight-musk-backed-mandalorian-actor-firing-suit" target="_blank" rel="noreferrer noopener">Bloomberg Law</a>.
Disney was also likely hoping to avoid a very public lawsuit that involves their Star Wars franchise and Musk's name.
Disney argued that the lawsuit should be thrown out due to First Amendment rights.
"After a brutal 3 ½ years, I am being given the opportunity to move forward in the court of law before the judge and my peers to clear my name. I am so grateful for this opportunity," Carano <a href="https://x.com/ginacarano/status/1816294920782766403">said</a>.
Carano also thanked Musk for giving her "a fighting chance."
If the court moves to trial, Carano will reportedly be represented by lawyers funded by Musk and X.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/05/38669929/walt-disney-q2-earnings-profit-beat-moderating-parks-growth-password-sharing-crackdown-and-more">Walt Disney Q2 Earnings: Profit Beat, Moderating Parks Growth, Password-Sharing Crackdown And More</a></li>
</ul>
Shutterstock

Entertainment

Social Media

The Force Isn't With Disney: Star Wars, Carano Trial Moves Forward With Musk's Backing

NEAR Protocol's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/near/usd">NEAR</a>) price has increased 10.24% over the past 24 hours to $5.73, which is in the opposite direction of its trend over the past week, where it has experienced a 10.0% loss, moving from $6.38 to its current price. As it stands right now, the coin's all-time high is $20.44. 
The chart below compares the price movement and volatility for NEAR Protocol over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.
<img src="https://www.benzinga.com/files/images/story/2024/1722020553_0.png" alt="price_chart" />
The trading volume for the coin has fallen 23.0% over the past week which is opposite, directionally, with the overall circulating supply of the coin, which has increased 0.54%. This brings the circulating supply to 1.11 billion. According to our data, the current market cap ranking for NEAR is #19 at $6.32 billion.
<img src="https://www.benzinga.com/files/images/story/2024/1722020553_1.png" alt="supply_and_vol" />
<a href="https://www.coingecko.com/en/api">Powered by CoinGecko API</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$NEAR

NEAR Protocol Up More Than 10% In 24 hours

Chainlink's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/link/usd">LINK</a>) price has increased 8.43% over the past 24 hours to $13.59, which is in the opposite direction of its trend over the past week, where it has experienced a 4.0% loss, moving from $14.1 to its current price. As it stands right now, the coin's all-time high is $52.70. 
The chart below compares the price movement and volatility for Chainlink over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.
<img src="https://www.benzinga.com/files/images/story/2024/1722020544_0.png" alt="price_chart" />
The trading volume for the coin has tumbled 28.0% over the past week along with the circulating supply of the coin, which has fallen 0.0%. This brings the circulating supply to 608.10 million, which makes up an estimated 60.81% of its max supply of 1.00 billion. According to our data, the current market cap ranking for LINK is #16 at $8.26 billion.
<img src="https://www.benzinga.com/files/images/story/2024/1722020544_1.png" alt="supply_and_vol" />
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

$LINK

Chainlink Rises More Than 8% In 24 hours

In the last three months, 3 analysts have published ratings on CVB Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVBF#NASDAQ">CVBF</a>), offering a diverse range of perspectives from bullish to bearish.
The table below summarizes their recent ratings, showcasing the evolving sentiments within 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;">3</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;">2</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;">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;">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 CVB Financial and provided 12-month price targets. The average target is $20.67, accompanied by a high estimate of $21.00 and a low estimate of $20.00. This upward trend is apparent, with the current average reflecting a 10.71% increase from the previous average price target of $18.67.
<img src="https://www.benzinga.com/files/images/story/2024/1722020521_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive CVB Financial. The following summary 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>Andrew Terrell</td>
<td>Stephens &amp; Co.</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$21.00</td>
<td>$19.00</td>
</tr>
<tr>
<td>Kelly Motta</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$20.00</td>
<td>$19.00</td>
</tr>
<tr>
<td>David Chiaverini</td>
<td>Wedbush</td>
<td>Raises</td>
<td>Neutral</td>
<td>$21.00</td>
<td>$18.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to CVB Financial. This offers insight into analysts' perspectives on 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 CVB Financial compared to the broader market.</li>
<li>Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of CVB Financial's stock. This examination reveals shifts in analysts' expectations over time.</li>
</ul>
For valuable insights into CVB Financial's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/CVBF/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on CVB Financial analyst ratings.</a>
<h2>Discovering CVB Financial: A Closer Look</h2>
CVB Financial Corp is the holding company for Citizens Business Bank. Citizens Business Bank offers banking, lending, and investing services. It provides a full complement of lending products, including commercial, agribusiness, consumer, SBA, real estate, and construction loans, as well as equipment and vehicle leasing. Commercial products include lines of credit and other working capital financing, accounts receivable lending and letters of credit.
<h3>CVB Financial: Financial Performance Dissected</h3>
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
Revenue Growth: CVB Financial's revenue growth over a period of 3 months has faced challenges. As of 31 March, 2024, the company experienced a revenue decline of approximately -8.9%. This indicates a decrease in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Financials sector.
Net Margin: CVB Financial's net margin excels beyond industry benchmarks, reaching 38.23%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): CVB Financial's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 2.32%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): CVB Financial's ROA stands out, surpassing industry averages. With an impressive ROA of 0.3%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 0.96, caution is advised due to increased financial risk.
<h2>Understanding the Relevance 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.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

CVBF

3 Analysts Have This To Say About CVB Financial

Corning (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLW#NYSE">GLW</a>) underwent analysis by 17 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.
The following table summarizes their recent ratings, shedding light on the changing sentiments within 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;">3</td>
<td style="text-align: right;">10</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;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">4</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;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">3</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>
Analysts have set 12-month price targets for Corning, revealing an average target of $42.59, a high estimate of $51.00, and a low estimate of $36.00. This upward trend is evident, with the current average reflecting a 12.29% increase from the previous average price target of $37.93.
<img src="https://www.benzinga.com/files/images/story/2024/1722020514_0.png" alt="price target chart" />
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
The standing of Corning 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>Meta Marshall</td>
<td>Morgan Stanley</td>
<td>Maintains</td>
<td>Equal-Weight</td>
<td>$39.00</td>
<td>$39.00</td>
</tr>
<tr>
<td>Asiya Merchant</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$51.00</td>
<td>$45.00</td>
</tr>
<tr>
<td>Martin Yang</td>
<td>Oppenheimer</td>
<td>Raises</td>
<td>Outperform</td>
<td>$50.00</td>
<td>$40.00</td>
</tr>
<tr>
<td>Joshua Spector</td>
<td>UBS</td>
<td>Raises</td>
<td>Neutral</td>
<td>$44.00</td>
<td>$38.00</td>
</tr>
<tr>
<td>Matthew Niknam</td>
<td>Deutsche Bank</td>
<td>Raises</td>
<td>Hold</td>
<td>$46.00</td>
<td>$39.00</td>
</tr>
<tr>
<td>Jim Kelleher</td>
<td>Argus Research</td>
<td>Raises</td>
<td>Buy</td>
<td>$50.00</td>
<td>$40.00</td>
</tr>
<tr>
<td>Meta Marshall</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$39.00</td>
<td>$38.00</td>
</tr>
<tr>
<td>Matthew Niknam</td>
<td>Deutsche Bank</td>
<td>Raises</td>
<td>Hold</td>
<td>$39.00</td>
<td>$35.00</td>
</tr>
<tr>
<td>Asiya Merchant</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$45.00</td>
<td>$38.00</td>
</tr>
<tr>
<td>John Roberts</td>
<td>Mizuho</td>
<td>Raises</td>
<td>Neutral</td>
<td>$42.00</td>
<td>$36.00</td>
</tr>
<tr>
<td>Steve Fox</td>
<td>Fox Advisors</td>
<td>Announces</td>
<td>Overweight</td>
<td>$45.00</td>
<td>-</td>
</tr>
<tr>
<td>Wamsi Mohan</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$42.00</td>
<td>$38.00</td>
</tr>
<tr>
<td>Meta Marshall</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$38.00</td>
<td>$35.00</td>
</tr>
<tr>
<td>Joshua Spector</td>
<td>UBS</td>
<td>Raises</td>
<td>Neutral</td>
<td>$38.00</td>
<td>$35.00</td>
</tr>
<tr>
<td>Samik Chatterjee</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$43.00</td>
<td>$37.00</td>
</tr>
<tr>
<td>John Roberts</td>
<td>Mizuho</td>
<td>Announces</td>
<td>Neutral</td>
<td>$36.00</td>
<td>-</td>
</tr>
<tr>
<td>Samik Chatterjee</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Neutral</td>
<td>$37.00</td>
<td>$36.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Corning. This offers insight into analysts' perspectives on 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 Corning compared to the broader market.</li>
<li>Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Corning's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/GLW/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Corning analyst ratings.</a>
<h2>About Corning</h2>
Corning is a leader in materials science, specializing in the production of glass, ceramics, and optical fiber. The firm supplies its products for a wide range of applications, from flat-panel displays in televisions to gasoline particulate filters in automobiles to optical fiber for broadband access, with a leading share in many of its end markets.
<h3>Corning: Financial Performance Dissected</h3>
Market Capitalization Analysis: The company's market capitalization surpasses industry averages, showcasing a dominant size relative to peers and suggesting a strong market position.
Revenue Growth: Corning's revenue growth over a period of 3 months has faced challenges. As of 31 March, 2024, the company experienced a revenue decline of approximately -6.39%. This indicates a decrease in the company's top-line earnings. When compared to others in the Information Technology sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Corning's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 7.03% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Corning's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 1.84% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 0.74%, the company showcases effective utilization of assets.
Debt Management: With a high debt-to-equity ratio of 0.74, Corning faces challenges in effectively managing its debt levels, indicating potential financial strain.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
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.

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