Forian (NASDAQ:FORA) Stock, Quote.Headers.trade-ideas

Forian

Forian Inc provides a suite of Software, data management capabilities, and proprietary data and analytics to optimize and measure operational, clinical, and financial performance for customers within the traditional and emerging life sciences, healthcare payer, and provider segments, as well as cannabis dispensaries, manufacturers, and cultivators.

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Gainers


	Prestige Wealth Inc.  (NASDAQ: PWM) shares jumped 65.6% to $8.28. Prestige Wealth reported pricing of $5 million initial public offering of 1 million shares of common stock at a price of $5 per share.


Why iMedia Brands Shares Are Trading Lower By 11%? Here Are Other Stocks Moving In Friday&#39;s Mid-Day Session

Cannabis

LFLY

Alleaves announced integration with Leafly. (NASDAQ: LFLY) The companies will work together to provide customers with an all-new and enhanced experience.

Alleaves And Leafly Team Up To &#39;Provide Cannabis Consumers With The Best Possible Shopping Experience&#39;

Forian Inc. (NASDAQ: FORA) announced the sale of its cannabis software subsidiary, Bio-Tech Medical Software, Inc. (d/b/a BioTrack), to Alleaves, Inc., effective February 10, 2023, for a total purchase price of $30 

Forian Stock Trading Higher On Selling Its Cannabis Software Subsidiary &amp; CEO Stepping Down

Forian Inc

FORACO INTL MARSEILLE ORD by Foraco International, Marseille

Foraco International SA

Forafric Global PLC

FORAN MINING CORP by Foran Mining Corporation

Foran Mining Corp

WIIM

$BTC

Bitcoin is trading lower following worse-than-expected January CPI figures.

Needham analyst Gerald Pascarelli reiterates Molson Coors Beverage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAP#NYSE">TAP</a>) with a Buy and maintains $72 price target.

Price Target

Reiteration

Analyst Ratings

Needham Reiterates Buy on Molson Coors Beverage, Maintains $72 Price Target

Robinhood Markets, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) will release its fourth-quarter financial results, after the <a href="https://www.benzinga.com/quote/hood/analyst-ratings">closing bell, on Wednesday, Feb. 12, 2025.</a>
Analysts expect the Menlo Park, California-based company to report quarterly earnings at 52 cents per share, up from 13 cents per share in the year-ago period. Robinhood projects quarterly revenue of $951.79 million, compared to $471 million a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Robinhood Director Baiju Bhatt sold options worth $5.03 million on Feb. 7, according to a recent U.S. Securities and Exchange Commission filing, just days before the company's anticipated fourth-quarter earnings announcement today.
Robinhood shares fell 5.2% to close at $53.34 on Tuesday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/HOOD/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li>Mizuho analyst Dan Dolev maintained an Outperform rating and raised the price target from $60 to $65 on Feb. 7, 2025. This analyst has an accuracy rate of 69%.</li>
<li>Raymond James analyst Patrick O'Shaughnessy initiated coverage on the stock with a Market Perform rating on Feb. 5, 2025. This analyst has an accuracy rate of 74%.</li>
<li>Keybanc analyst Alex Markgraff maintained an Overweight rating and raised the price target from $50 to $57 on Jan. 30, 2025. This analyst has an accuracy rate of 74%.</li>
<li>Barclays analyst Benjamin Budish maintained an Overweight rating and increased the price target from $49 to $54 on Jan. 13, 2025. This analyst has an accuracy rate of 84%.</li>
<li>Citigroup analyst Christopher Allen maintained a Neutral rating and boosted the price target from $25 to $45 on Jan. 10, 2025. This analyst has an accuracy rate of 77%.</li>
</ul>
Considering buying HOOD stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="530" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/12034946/image-99-1024x530.png" alt="" class="wp-image-778098" style="width:537px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/12034946/image-99-1024x530.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/12034946/image-99-300x155.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/12034946/image-99-768x398.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/12034946/image-99.png 1132w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read This Next: 
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/price-target/25/02/43623929/wall-streets-most-accurate-analysts-spotlight-on-3-utilities-stocks-delivering-high-dividend-yields-6">Wall Street&#8217;s Most Accurate Analysts Spotlight On 3 Utilities Stocks Delivering High-Dividend Yields</a></li>
</ul>

Earnings

HOOD

Top Wall Street Forecasters Revamp Robinhood Price Expectations Ahead Of Q4 Earnings

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a<a href="https://www.benzinga.com/yield-investments"> high dividend payout</a>.
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the communication services sector.
<h3 class="wp-block-heading">Verizon Communications Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>)</h3>
<ul>
<li>Dividend Yield: 6.69%</li>
<li>Tigress Financial analyst Ivan Feinseth maintained a Buy rating with a price target of $55 on Jan. 30, 2025. This analyst has an accuracy rate of 76%.</li>
<li>Scotiabank analyst Maher Yaghi maintained a Sector Perform rating and raised the price target from $47 to $47.5 on Jan. 27, 2025. This analyst has an accuracy rate of 69%.</li>
<li>Recent News: On Jan. 24, Verizon reported better-than-expected fourth-quarter GAAP EPS and revenue results.</li>
<li>Benzinga Pro&#8217;s real-time newsfeed alerted to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent021225&amp;t=be2bearmibe3na1">latest VZ news</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent021225&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="910" height="840" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/12083812/image-2-31.png" alt="" class="wp-image-778704" style="width:548px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/12083812/image-2-31.png 910w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/12083812/image-2-31-300x277.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/12083812/image-2-31-768x709.png 768w" sizes="(max-width: 910px) 100vw, 910px" /></a></figure>
<h3 class="wp-block-heading">AT&amp;T Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>)</h3>
<ul>
<li>Dividend Yield: 4.41%</li>
<li>Tigress Financial analyst Ivan Feinseth maintained a Buy rating and raised the price target from $30 to $32 on Feb. 4, 2025. This analyst has an accuracy rate of 76%.</li>
<li>Scotiabank analyst Maher Yaghi maintained a Sector Outperform rating and increased the price target from $24 to $26 on Jan. 28, 2025. This analyst has an accuracy rate of 69%.</li>
<li>Recent News: On Feb. 4, AT&amp;T said it is extending its multi-year partnership with Nokia Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOK#NYSE">NOK</a>) to enhance its voice core network..</li>
<li>Benzinga Pro's real-time newsfeed alerted to latest AT<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent021225&amp;t=be2bearmibe3na1">&amp;T news</a> </li>
</ul>
<figure class="wp-block-image is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent021225&amp;t=be2bearmibe3na1"><img decoding="async" src="blob:https://editorial.benzinga.com/5116a93c-62a2-4409-8586-5acaae2a1346" alt="" style="width:627px;height:auto" /></a></figure>
<h3 class="wp-block-heading">Comcast Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>)</h3>
<ul>
<li>Dividend Yield: 3.52%</li>
<li>Rosenblatt analyst Barton Crockett maintained a Neutral rating and cut the price target from $45 to $36 on Feb. 3, 2025. This analyst has an accuracy rate of 74%.</li>
<li>Scotiabank analyst Maher Yaghi downgraded the stock from Sector Outperform to Sector Perform and slashed the price target from $48 to $44.5 on Feb. 3, 2025. This analyst has an accuracy rate of 69%.</li>
<li>Recent News: On Jan. 30, Comcast reported a fourth-quarter revenue growth of 2.1% year-over-year to $31.92 billion, beating the analyst consensus estimate of $31.64 billion.</li>
<li>Benzinga Pro&#8217;s real-time newsfeed alerted to latest CMCSA <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent021225&amp;t=be2bearmibe3na1">news </a></li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent021225&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="907" height="841" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/12084003/image-2-32.png" alt="" class="wp-image-778715" style="width:601px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/12084003/image-2-32.png 907w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/12084003/image-2-32-300x278.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/12084003/image-2-32-768x712.png 768w" sizes="(max-width: 907px) 100vw, 907px" /></a></figure>
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="How to Find Dividend Stocks: Scan, Analyze, and Capture with Benzinga Pro" width="500" height="281" src="https://www.youtube.com/embed/pVF0O2lsEH4?start=1&#038;feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
Read More: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/short-ideas/25/02/43655479/top-3-utilities-stocks-that-may-collapse-in-q1">Top 3 Utilities Stocks That May Collapse In Q1</a></li>
</ul>

Dividends

Pre-Market Outlook

CMCSA

Wall Street's Most Accurate Analysts Weigh In On 3 Tech & Telecom Stocks With Over 3% Dividend Yields

TD Securities analyst Andrew Charles reiterates Restaurant Brands Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QSR#NYSE">QSR</a>) with a Buy and maintains $70 price target.

TD Securities Reiterates Buy on Restaurant Brands Intl, Maintains $70 Price Target

Canaccord Genuity analyst David Hynes maintains Shopify (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) with a Buy and raises the price target from $125 to $140.

SHOP

Canaccord Genuity Maintains Buy on Shopify, Raises Price Target to $140

PODC

PodcastOne shares are trading lower. The company reported Q3 financial results.

Interpublic Group of Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IPG#NYSE">IPG</a>) shares are trading slightly higher in the <a target="_blank" href="https://www.benzinga.com/pressreleases/25/02/g43652720/ipg-announces-fourth-quarter-and-full-year-2024-results" rel="noreferrer noopener">premarket session on Wednesday.</a>
The company reported fourth-quarter adjusted earnings per share of $1.11, missing the street view of $1.17. Revenue before billable expenses of $2.434 billion (down 5.9% year over year) missed the analyst consensus estimate of $2.518 billion.
During the quarter, foreign currency translation decreased revenue by 0.5%, net divestitures reduced it by 3.6%, leading to a 1.8% drop in organic revenue.
The company also&nbsp;authorized a new program to repurchase,<a target="_blank" href="https://www.benzinga.com/pressreleases/25/02/g43653279/interpublic-declares-common-stock-dividend-and-announces-new-share-repurchase-program" rel="noreferrer noopener"> from time to time, up to $155 million</a>. The authorization under the new program is in addition to remaining for repurchase under the program announced in 2024.
Also Read:<a target="_blank" href="https://www.benzinga.com/25/02/43654652/lithia-motors-record-q4-propels-stock-higher-earnings-beat-sales-jump-dividend-more" rel="noreferrer noopener"> Lithia Motors&#8217; Solid Q4 Propels Stock Higher: Earnings Beat, Sales Jump, Dividend &amp; More</a>
&#8220;Today we are reporting an organic revenue increase of 20 basis points for the full year 2024, along with adjusted EBITA margin in-line with our forecast of 16.6%. Our strong margin result reflects continued effective operating discipline by our teams, notwithstanding the challenges of the past year,&#8221; said Philippe Krakowsky, CEO.
As of December end, cash and equivalents totaled $2.19 billion, compared to $2.39 billion in the year-ago period. Total debt was $2.96 billion.
The CEO mentioned that the company plans an accelerated business transformation in 2025, focusing on cost savings and improved efficiency, targeting a 16.6% adjusted EBITA margin despite revenue challenges.
Price Action: IPG shares are trading higher by 0.40% to $27.28 premarket at last check Wednesday.
Also Read:<a target="_blank" href="https://www.benzinga.com/25/02/43635863/is-ibms-red-hat-bet-the-game-changer-ahead-oppenheimer-analyst-predicts-20-growth" rel="noreferrer noopener">&nbsp;</a>
<ul>
<li><a href="https://www.benzinga.com/25/02/43635863/is-ibms-red-hat-bet-the-game-changer-ahead-oppenheimer-analyst-predicts-20-growth" target="_blank" rel="noreferrer noopener">‘Not Your Father's IBM' – Analyst Says Company's Shift To A Software-Centric Company Is Overlooked</a></li>
</ul>
Image via Shutterstock.

Equities

Guidance

General

Interpublic Struggles With Revenue Decline In Q4, CEO Promises Business Transformation Strategies To Cut Costs

Gorilla Technology, British Telecom And Port Of Tyne Expand Partnership To Focus On Safety In High-Risk Environments

KALA

KALA BIO shares are trading lower after the company announced the resignation of its CEO and other senior leadership changes.

TIVC

Tivic Health Systems shares are trading higher after the company announced it acquired the exclusive license rights from Statera Biopharma for its Phase III TLR5 agonist entolimod treatment of acute radiation syndrome.

PodcastOne Reaffirmed Guidance For Fiscal 2025 Revenues To Increase At Least 17% To At Least $51M; Driving Expected Positive Adjusted EBITDA

Canaccord Genuity analyst Sumant Kulkarni maintains Sage Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAGE#NASDAQ">SAGE</a>) with a Hold and lowers the price target from $9 to $8.

SAGE

Canaccord Genuity Maintains Hold on Sage Therapeutics, Lowers Price Target to $8

PodcastOne (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PODC#NASDAQ">PODC</a>) reported quarterly losses of $(0.06) per share which beat the analyst consensus estimate of $(0.08) by 25 percent. This is a 45.45 percent increase over losses of $(0.11) per share from the same period last year. The company reported quarterly sales of $12.710 million which beat the analyst consensus estimate of $12.466 million by 1.96 percent. This is a 21.72 percent increase over sales of $10.442 million the same period last year.

Earnings Beats

PodcastOne Q3 2025 GAAP EPS $(0.06) Beats $(0.08) Estimate, Sales $12.710M Beat $12.466M Estimate

LeddarTech Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LDTC#NASDAQ">LDTC</a>) reported quarterly losses of $(0.86) per share which missed the analyst consensus estimate of $(0.35) by 145.71 percent. This is a 94.96 percent increase over losses of $(17.06) per share from the same period last year. The company reported quarterly sales of $51.88 thousand which missed the analyst consensus estimate of $903.50 thousand by 94.26 percent. This is a 0.23 percent decrease over sales of $52.00 thousand the same period last year.

Earnings Misses

LDTC

LeddarTech Holdings Q1 EPS $(0.86) Misses $(0.35) Estimate, Sales $51.88K

WestPark Capital analyst Casey Ryan reiterates Palo Alto Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>) with a Hold and maintains $196.4 price target.

PANW

WestPark Capital Reiterates Hold on Palo Alto Networks, Maintains $196.4 Price Target

CNDT

Conduent shares are trading lower after the company reported worse-than-expected Q4 financial results and issued FY25 revenue guidance below estimates.

On CNBC's &#8220;<a href="https://www.cnbc.com/video/2025/02/11/final-trades-trade-desk-leidos-holdings-astrazeneca-and-devon-energy.html">Halftime Report Final Trades</a>,&#8221; Joshua Brown of Ritholtz Wealth Management named The Trade Desk, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTD#NASDAQ">TTD</a>) as <a href="https://www.benzinga.com/quote/TTD/earnings">his final trade</a>.
Trade Desk, meanwhile, will release its fourth-quarter financial results after the closing bell today. Analysts expect the Ventura, California-based company to report quarterly earnings at 57 cents per share, up from 41 cents per share in the year-ago period. Trade Desk projects quarterly revenue of $759.56 million, compared to $605.8 million a year earlier, according to data from Benzinga Pro.
Stephen Weiss of Short Hills Capital Partners said he is staying with Leidos Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LDOS#NYSE">LDOS</a>).
Supporting his view, on Tuesday Leidos Holdings reported fourth-quarter fiscal 2024 revenue growth of 10% year-over-year to $4.37 billion, beating the analyst consensus estimate of $4.13 billion. Demand across all customer segments, especially for managed health services, drove the increase.
Don't forget to check out our<a href="https://www.benzinga.com/premarket/"> premarket coverage here</a>
Jim Lebenthal of Cerity Partners said AstraZeneca PLC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AZN#NASDAQ">AZN</a>) made a strong start to the year.
Adding support to his choice, AstraZeneca, on Feb. 6, reported fourth-quarter earnings and revenue above estimates. Sales of $14.89 billion, up 18% year over year (+19% at constant currency), topped the consensus of $14.29 billion.
Rounding out the trades, Jenny Van Leeuwen Harrington of Gilman Hill Asset Management, LLC said with oil above $70, Devon Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DVN#NYSE">DVN</a>) is wildly profitable.
Supporting her view, Piper Sandler analyst Mark Lear, on Jan. 29, maintained Devon Energy with an Overweight rating and raised the price target from $53 to $54.
Price Action:
<ul>
<li>Trade Desk shares declined 1.9% to close at $120.21 on Tuesday.</li>
<li>Leidos shares fell 3.6% to settle at $137.60 during Tuesday's session.</li>
<li>AstraZeneca shares gained 0.1% to close at $72.73 on Tuesday.</li>
<li>Devon Energy shares gained 2.5% to settle at $35.12 during the session.</li>
</ul>
Check This Out: 
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/price-target/25/02/43623929/wall-streets-most-accurate-analysts-spotlight-on-3-utilities-stocks-delivering-high-dividend-yields-6">Wall Street&#8217;s Most Accurate Analysts Spotlight On 3 Utilities Stocks Delivering High-Dividend Yields</a></li>
</ul>
Photo: Shutterstock

Long Ideas

Media

LDOS

Trade Desk, Leidos, Devon Energy And A Major Health Care Stock On CNBC's 'Final Trades'

Canaccord Genuity analyst David Hynes maintains Freshworks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRSH#NASDAQ">FRSH</a>) with a Buy and raises the price target from $19 to $23.

FRSH

Canaccord Genuity Maintains Buy on Freshworks, Raises Price Target to $23

PG&amp;E Corp&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PCG#NYSE">PCG</a>) stock price has been <a href="https://www.benzinga.com/quote/PCG/news">down 21% year to date</a> and trading well below key moving averages.
But with its fourth-quarter earnings set for release on Thursday before the market opens, investors are watching closely for signs of a turnaround.
The utility giant is expected to report earnings per share of 31 cents on revenue of $7.11 billion, per <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent021225&amp;t=be2bearmibe3na1">Benzinga Pro</a> data.
<h2 class="wp-block-heading">A Bearish Trend, But Signs Of Buying Pressure</h2>
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent021225&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="631" height="486" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/12074343/Screenshot-2025-02-12-at-6.13.28-PM.png" alt="" class="wp-image-778514" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/12074343/Screenshot-2025-02-12-at-6.13.28-PM.png 631w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/12074343/Screenshot-2025-02-12-at-6.13.28-PM-300x231.png 300w" sizes="(max-width: 631px) 100vw, 631px" /></a></figure>
<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent021225&amp;t=be2bearmibe3na1">Chart created using Benzinga Pro</a>
Technically, PCG stock remains in a strongly bearish trend, trading below its five, 20 and 50-day exponential moving averages. However, buying pressure is emerging, as the stock&#8217;s eight-day simple moving average (SMA) sits at $15.51, just below PCG stock trading at $15.78 — a bullish signal.
Yet, the 20-day ($16.07), 50-day ($18.37), and 200-day ($18.81) SMAs still flag bearish signals for PCG stock. The Moving Average Convergence Divergence (MACD) indicator at a negative 0.84 reinforces this bearish sentiment, while an RSI (relative strength index) of 37.63 suggests the stock is nearing oversold territory.
Read Also: <a href="https://www.benzinga.com/25/01/43297892/top-3-utilities-stocks-that-may-rocket-higher-this-month">Top 3 Utilities Stocks That May Rocket Higher This Month</a>
<h2 class="wp-block-heading">JPMorgan: The Selloff Looks Overdone</h2>
JPMorgan analyst Richard W. Sunderland is staying bullish on PG&amp;E, maintaining an Overweight rating and a $22 price target. 
Despite a broad selloff in California utility stocks amid wildfire concerns, Sunderland argues that PCG&#8217;s pullback is excessive. 
Unlike Edison International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EIX#NYSE">EIX</a>), which faces potential liability from the Eaton Fire, PG&amp;E has no direct exposure. While regulatory hurdles could slow a full re-rating, Sunderland believes a policy response could help PCG regain lost ground.
<h2 class="wp-block-heading">Can Earnings Be The Catalyst?</h2>
PG&amp;E's earnings could be the inflection point investors are waiting for. 
With shares already trading at deep discounts, any positive guidance or clarity on regulatory risks could spark a rebound. 
But if results disappoint, PCG could remain stuck in the wildfire-induced slump. The question now is whether Wall Street is ready to bet on a recovery.
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Forian Inc. to Announce Fourth Quarter and Full Year 2023 Results on March 28, 2024

Forian Inc. Announces Fourth Quarter and Full Year 2023 Financial Results

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Forian Inc. Announces the Passing of Director Martin J. Wygod

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Forian Inc. Announces Second Quarter 2024 Financial Results

Forian Acquires Kyber Data Science to Enhance Data Analytics Capabilities

Forian Inc. to Announce Third Quarter 2024 Results on November 13, 2024

Forian Inc. to Participate in the 13th Annual ROTH MKM Technology Event

Forian Inc. Announces Third Quarter 2024 Financial Results

Forian Partners With Databricks to Expand Access to Advanced Healthcare Analytics

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