SEMrush Hldgs (NYSE:SEMR) Stock, Quote.Headers.trade-ideas

SEMrush Hldgs

SEMrush Holdings Inc is engaged in the provision of an online visibility management software-as-a-service platform. Its platform enables subscribers to improve their online visibility and drive traffic, including on their websites and social media pages, and distribute highly relevant content to their customers on a targeted basis across various channels to drive high-quality traffic and measure the effectiveness of their digital marketing campaigns. Geographically, it generates revenues from the US, the UK, and other regions.

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EXCLUSIVE - How Cannabis Businesses Can Leverage Global Search Trends To Stay Ahead: New Semrush Index

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Shares of  SOPHiA GENETICS SA (NASDAQ: SOPH) fell sharply during Tuesday’s session after the company reported worse than expected fourth-quarter earnings and issued 2024 guidance.

Why SOPHiA GENETICS Shares Are Trading Lower By 19%? Here Are Other Stocks Moving In Tuesday&#39;s Mid-Day Session

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Earnings

Equities

Guidance

 SEMRush Holdings reported strong Q4 results with revenue up 21% Y/Y and an ARR of $337.1 million. Outlook: Q1 revenue $84.7-$85.3M, FY24 revenue $364-$368M, FCF margin 7%-8%. 

Why Management SaaS Platform SEMrush Shares Are Diving Tuesday

SEMrush Holdings, Inc. Class A Common Stock

SEMrush Holdings Inc

<p>RBC Capital  analyst Brian Abrahams   reiterates Sarepta Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SRPT#NASDAQ">SRPT</a>) with a Outperform and maintains $181 price target.</p>


Price Target

Reiteration

Analyst Ratings

SRPT

RBC Capital Reiterates Outperform on Sarepta Therapeutics, Maintains $181 Price Target

<p>JP Morgan  analyst Anthony Paolone   maintains Getty Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GTY#NYSE">GTY</a>) with a Neutral and raises the price target from $31 to $33.</p>


JP Morgan Maintains Neutral on Getty Realty, Raises Price Target to $33

<p>Susquehanna  analyst Shyam Patil   maintains CrowdStrike Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) with a Positive and maintains $310 price target.</p>


CRWD

Susquehanna Maintains Positive on CrowdStrike Holdings, Maintains $310 Price Target

<p>An <strong>Apple Inc</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) analyst says the company could turn to advertising revenue and other areas of growth as concerns mount over iPhone 16 demand.</p>
<p><strong>The Apple Analyst:</strong> Needham analyst Laura Martin reiterated a Buy rating and $260 price target on Apple.</p>
<p><strong>The Analyst Takeaways</strong>: Apple faces concerns over iPhone 16 demand. Martin points to ways the Cupertino, California-based company could kickstart additional growth, including a focus on advertising revenue.</p>
<p>"The top debate is when will the next iPhone replacement cycle begin? Is it the iPhone 16 or iPhone 17 or iPhone 18?" Martin asks.</p>
<p><strong>Did You Know?</strong></p>
<ul>
<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent091924"><strong>Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</strong></a></li>
</ul>
<p>Martin estimates that iPhone revenue will be over 50% of Apple's total revenue in fiscal 2024. This represents $200 billion of a $390 billion estimate.</p>
<p>"New iPhone sales are the single largest driver of AAPL's EPS over (or under) delivery."</p>
<p>Marting lays out the top nine debates from investors when it comes to Apple valuation below:</p>
<ol>
<li>Upgrade cycle timing</li>
<li>GenAI</li>
<li>China</li>
<li>iPhone dependence</li>
<li>Vision Pro</li>
<li>Services</li>
<li>Health</li>
<li>Regulatory Risks</li>
<li>Deteriorating competitive position</li>
</ol>
<p>Martin said Apple trades at a higher price to earnings ratio than the S&amp;P 500 average, which makes the argument that the stock is either too cheap or too expensive depending on when the iPhone replacement cycle begins.</p>
<p>Apple's slow launch of GenAI with Apple Intelligence has increased the debate on iPhone demand and how the company will compete with other tech giants, Martin added.</p>
<p>On concern in China, Martin said the region represents a smaller portion of revenue in recent years.</p>
<p>"Most investors believe that rising geopolitical tensions are bad for AAPL from both a revenue and cost perspective, since most of their products are imported from China."</p>
<p>Martin said Apple's key strength is its ecosystem with a "loyal customer base" that uses devices and services from the company, which bring in "recurring revenue streams."</p>
<p>Martin argues that Apple should "aggressively pursue advertising revenue" as it has been slow in this area, including with its AppleTV+ streaming business.</p>
<p>"Over a 3-year time frame, AAPL's single-digit rev growth feels increasingly risky to us. It's just too slow for most investors to get excited about."</p>
<p>Apple could charge a similar advertising rate to Netflix "given its wealthy audience," Martin said.</p>
<p>Based on user metrics of 44.8 million viewers, the analyst sees a potential of $5.5 million in advertising revenue for fiscal 2024. This could add 0.9% to 1.5% to Apple's revenue growth rate, the analyst says.</p>
<p>"We believe that if AAPL followed Amazon's lead and built a robust advertising business over the next 5 years, this would meaningfully improve AAPL's business fundamentals by accelerating rev growth and expanding profit margins, which would result in valuation multiple expansion."</p>
<p><strong>AAPL Price Action: </strong>Apple stock is up 3% to $226.47 on Thursday versus a 52-week trading range of $164.08 to $237.23. Apple stock is up 22% year-to-date in 2024.</p>
<p><strong>Now Read:</strong></p>
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40938732/wall-street-ramps-up-interest-rate-cut-bets-after-fed-meeting-the-hard-landing-crow">Wall Street Ramps Up Interest Rate Cut Bets After Fed Meeting: &#8216;The Hard-Landing Crowd Should Disperse,&#8217; Economist Says</a></li>
</ul>
<p><em>Image: Shutterstock</em></p>


Analyst Color

Entertainment

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AAPL

Apple Revenue Growth 'Just Too Slow For Investors To Get Excited About': Analyst Highlights Advertising As Future Catalyst

<p>On Thursday, <strong>Edgewise Therapeutics Inc.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EWTX#NASDAQ">EWTX</a>) released announced topline data of EDG-7500 from the Phase 1 trial in healthy subjects and the single-dose arm of the Phase 2 CIRRUS-HCM<strong> </strong>trial for obstructive <a href="https://www.benzinga.com/pressreleases/24/09/b40935198/edgewise-therapeutics-announces-positive-top-line-data-from-phase-1-trial-in-healthy-subjects-and-" target="_blank" rel="noreferrer noopener">hypertrophic cardiomyopathy</a>.</p>
<p>Obstructive hypertrophic cardiomyopathy is&nbsp;a heart condition that occurs when the wall between the left and right ventricles of the heart thickens, blocking blood flow from the left ventricle to the body&#8217;s main artery.&nbsp;</p>
<p>In the Phase 1 single ascending dose (SAD) trial (n=48), healthy subjects received single doses of EDG-7500, ranging from 5 to 300 mg.</p>
<p>In the trial&#8217;s multiple ascending dose (MAD) portion (n=24), healthy subjects received 25 to 100 mg once daily for 14 days.</p>
<p>EDG-7500 was well tolerated in both the SAD and MAD; there were no clinically meaningful changes or trends in vital signs, clinical chemistry, hematology, or electrocardiograms.</p>
<p>There were no meaningful changes in left ventricular ejection fraction for all SAD and MAD subjects across a broad range of EDG-7500 exposures.</p>
<p>The ejection fraction is&nbsp;an indicator of heart strength. It measures the amount of oxygen-rich blood pumped out to the body with each heartbeat.</p>
<p>In the MAD, a half-life of approximately 30 hours was observed, and a steady state was achieved approximately 4 days after the start of once-daily dosing.</p>
<p>Generally, dose-proportional increases in exposure were observed in both SAD and MAD.</p>
<p>In CIRRUS-HCM Part A, patients with obstructive HCM received a single dose of 50, 100 or 200 mg of EDG-7500.</p>
<p>A 67% mean reduction in resting LVOT pressure gradient (LVOT-G, obstruction&nbsp;of blood flow) and a 55% mean reduction in provokable (Valsalva) LVOT-G were observed in patients receiving the 100 and 200 mg single doses.</p>
<p>LVOT gradients less than 30 mmHg at rest and less than 50 mmHg with Valsalva were observed in 60% of patients receiving 100 or 200 mg of EDG-7500.</p>
<p>Gradient reduction was achieved without a meaningful change in LVEF.</p>
<p>Treatment with a single dose of EDG-7500 also led to a 64% mean reduction in NT-proBNP, a key biomarker of heart failure, in the 200 mg cohort.</p>
<p>Across the Phase 1 and CIRRUS-HCM trials, no subjects experienced a reduction in LVEF (left ventricular ejection fraction) below 50%, even with a wide range of EDG-7500 exposures.</p>
<p><strong>Price Action:</strong> EWTX stock is up 39.3% at $26.58 at last check Thursday.</p>
<p><strong>Read Next:</strong></p>
<ul>
<li><strong><a href="https://www.benzinga.com/markets/equities/24/09/40937873/walmart-steps-up-holiday-game-inflation-free-thanksgiving-meal-returns" target="_blank" rel="noreferrer noopener">Walmart Steps Up Holiday Game, Inflation-Free Thanksgiving Meal Returns</a>.</strong></li>
</ul>
<p><em>Photo: Shutterstock</em></p>


Biotech

General

EWTX

Edgewise Therapeutics Stock Shoots Higher On Promising Early Results For Thickened Heart Treatment

<p>JP Morgan  analyst Rajat Gupta   maintains CarMax (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMX#NYSE">KMX</a>) with a Underweight and raises the price target from $55 to $65.</p>


JP Morgan Maintains Underweight on CarMax, Raises Price Target to $65

Macro Notification

iShares MSCI Israel Capped Investable Market Index Fund

ISRA

Lebanon's Hezbollah Chief Nasrallah Says Israel Violated 'Red Lines' By Detonating Thousands Of Pagers; More Than 4,000 Pagers Were Distributed To Members Of Group; Attacks On Tuesday, Wednesday Were 'Massacres'; This Could Be Called A Declaration Of War

<p>JP Morgan  analyst John Royall   maintains Alimentation Couche-Tard (TSX:<a class="ticker" href="https://www.benzinga.com/stock/ATD#TSX">ATD</a>) with a Overweight and raises the price target from C$83 to C$87.</p>


TSX:ATD

JP Morgan Maintains Overweight on Alimentation Couche-Tard, Raises Price Target to C$87

<p>High-rolling investors have positioned themselves bearish on Dell Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>), and it's important for retail traders to take note.<br />
\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in DELL often signals that someone has privileged information.</p>
<p>Today, Benzinga's options scanner spotted 9 options trades for Dell Technologies. This is not a typical pattern.</p>
<p>The sentiment among these major traders is split, with 33% bullish and 44% bearish. Among all the options we identified, there was one put, amounting to $25,000, and 8 calls, totaling $409,402.</p>
<h3>What's The Price Target?</h3>
<p>Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $105.0 to $170.0 for Dell Technologies over the recent three months. </p>
<h3>Volume &amp; Open Interest Trends</h3>
<p>Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Dell Technologies'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 Dell Technologies's whale trades within a strike price range from $105.0 to $170.0 in the last 30 days. </p>
<h3>Dell Technologies Option Volume And Open Interest Over Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1726755445_0.png" alt="Options Call Chart" /></p>
<h3>Significant Options Trades Detected:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>DELL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$6.2</td>
<td>$5.8</td>
<td>$6.2</td>
<td>$170.00</td>
<td>$79.9K</td>
<td>2.0K</td>
<td style="text-align: right;">131</td>
</tr>
<tr>
<td>DELL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$26.3</td>
<td>$26.2</td>
<td>$26.3</td>
<td>$120.00</td>
<td>$65.7K</td>
<td>500</td>
<td style="text-align: right;">105</td>
</tr>
<tr>
<td>DELL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$26.4</td>
<td>$26.2</td>
<td>$26.3</td>
<td>$120.00</td>
<td>$65.7K</td>
<td>500</td>
<td style="text-align: right;">80</td>
</tr>
<tr>
<td>DELL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$4.6</td>
<td>$4.4</td>
<td>$4.4</td>
<td>$115.00</td>
<td>$59.8K</td>
<td>7.6K</td>
<td style="text-align: right;">213</td>
</tr>
<tr>
<td>DELL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$26.85</td>
<td>$26.4</td>
<td>$26.4</td>
<td>$120.00</td>
<td>$44.8K</td>
<td>500</td>
<td style="text-align: right;">39</td>
</tr>
</tbody>
</table>
</p>
<h3>About Dell Technologies</h3>
<p>Dell Technologies is a broad information technology vendor, primarily supplying hardware to enterprises. It is focused on premium and commercial personal computers and enterprise on-premises data center hardware. It holds top-three market shares in its core markets of personal computers, peripheral displays, mainstream servers, and external storage. Dell has a robust ecosystem of component and assembly partners, and also relies heavily on channel partners to fulfill its sales.</p>
<p>Having examined the options trading patterns of Dell Technologies, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance</p>
<h3>Where Is Dell Technologies Standing Right Now?</h3>
<ul>
<li>Trading volume stands at 1,971,780, with DELL's price up by 2.26%, positioned at $118.61.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 71 days.</li>
</ul>
<h3>Professional Analyst Ratings for Dell Technologies</h3>
<p>A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $154.6.</p>
<ul>
<li>Consistent in their evaluation, an analyst from B of A Securities keeps a Buy rating on Dell Technologies with a target price of $155. </li>
<li>An analyst from Bernstein has decided to maintain their Outperform rating on Dell Technologies, which currently sits at a price target of $140. </li>
<li>An analyst from UBS persists with their Buy rating on Dell Technologies, maintaining a target price of $158. </li>
<li>An analyst from Citigroup has decided to maintain their Buy rating on Dell Technologies, which currently sits at a price target of $160. </li>
<li>An analyst from Raymond James persists with their Outperform rating on Dell Technologies, maintaining a target price of $160. </li>
</ul>
<p>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 Dell Technologies with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.</p>


Options

DELL

Dell Technologies Unusual Options Activity

<p>Investors with a lot of money to spend have taken a bullish stance on <strong>Western Digital</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDC#NASDAQ">WDC</a>).</p>
<p>And retail traders should know.</p>
<p>We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.</p>
<p>Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with WDC, it often means somebody knows something is about to happen.</p>
<p>So how do we know what these investors just did? </p>
<p>Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 8 uncommon options trades for Western Digital.</p>
<p>This isn't normal.</p>
<p>The overall sentiment of these big-money traders is split between 62% bullish and 37%, bearish.</p>
<p>Out of all of the special options we uncovered, 3 are puts, for a total amount of $124,140, and 5 are calls, for a total amount of $378,450.</p>
<h3>Predicted Price Range</h3>
<p>Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $62.5 to $66.0 for Western Digital over the last 3 months. </p>
<h3>Volume &amp; Open Interest Development</h3>
<p>Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Western Digital's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Western Digital's substantial trades, within a strike price spectrum from $62.5 to $66.0 over the preceding 30 days.</p>
<h3>Western Digital Option Activity Analysis: Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1726755440_0.png" alt="Options Call Chart" /></p>
<h3>Largest Options Trades Observed:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>WDC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$6.85</td>
<td>$6.5</td>
<td>$6.5</td>
<td>$62.50</td>
<td>$130.0K</td>
<td>975</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>WDC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$6.45</td>
<td>$6.45</td>
<td>$6.45</td>
<td>$62.50</td>
<td>$129.0K</td>
<td>975</td>
<td style="text-align: right;">400</td>
</tr>
<tr>
<td>WDC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$6.5</td>
<td>$6.4</td>
<td>$6.5</td>
<td>$62.50</td>
<td>$65.0K</td>
<td>975</td>
<td style="text-align: right;">500</td>
</tr>
<tr>
<td>WDC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$2.26</td>
<td>$2.1</td>
<td>$2.1</td>
<td>$65.00</td>
<td>$42.1K</td>
<td>5.6K</td>
<td style="text-align: right;">400</td>
</tr>
<tr>
<td>WDC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$2.41</td>
<td>$2.05</td>
<td>$2.05</td>
<td>$65.00</td>
<td>$40.9K</td>
<td>5.6K</td>
<td style="text-align: right;">600</td>
</tr>
</tbody>
</table>
</p>
<h3>About Western Digital</h3>
<p>Western Digital is a leading vertically integrated supplier of data storage solutions, spanning both hard disk drives and solid-state drives. In the HDD market it forms a practical duopoly with Seagate, and it is the largest global producer of NAND flash chips for SSDs in a joint venture with competitor Kioxia.</p>
<h3>Present Market Standing of Western Digital</h3>
<ul>
<li>With a trading volume of 477,137, the price of WDC is up by 2.24%, reaching $65.86.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 39 days from now.</li>
</ul>
<h3>Professional Analyst Ratings for Western Digital</h3>
<p>In the last month, 3 experts released ratings on this stock with an average target price of $81.66666666666667.</p>
<ul>
<li>An analyst from TD Cowen persists with their Buy rating on Western Digital, maintaining a target price of $80. </li>
<li>An analyst from Cantor Fitzgerald downgraded its action to Overweight with a price target of $80. </li>
<li>Consistent in their evaluation, an analyst from Citigroup keeps a Buy rating on Western Digital with a target price of $85. </li>
</ul>
<p>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 Western Digital with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.</p>


Smart Money Is Betting Big In WDC Options

<p>Financial giants have made a conspicuous bearish move on Chevron. Our analysis of options history for Chevron (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) revealed 9 unusual trades.</p>
<p>Delving into the details, we found 44% of traders were bullish, while 55% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $262,772, and 4 were calls, valued at $193,400.</p>
<h3>Expected Price Movements</h3>
<p>After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $135.0 and $160.0 for Chevron, spanning the last three months.</p>
<h3>Analyzing Volume &amp; Open Interest</h3>
<p>In today's trading context, the average open interest for options of Chevron stands at 3739.62, with a total volume reaching 1,343.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Chevron, situated within the strike price corridor from $135.0 to $160.0, throughout the last 30 days.</p>
<h3>Chevron 30-Day Option Volume &amp; Interest Snapshot</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1726755435_0.png" alt="Options Call Chart" /></p>
<h3>Biggest Options Spotted:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>CVX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$6.7</td>
<td>$6.6</td>
<td>$6.7</td>
<td>$150.00</td>
<td>$114.5K</td>
<td>991</td>
<td style="text-align: right;">179</td>
</tr>
<tr>
<td>CVX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$1.84</td>
<td>$1.61</td>
<td>$1.8</td>
<td>$160.00</td>
<td>$90.0K</td>
<td>4.8K</td>
<td style="text-align: right;">506</td>
</tr>
<tr>
<td>CVX</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$4.05</td>
<td>$3.9</td>
<td>$4.0</td>
<td>$140.00</td>
<td>$40.0K</td>
<td>4.7K</td>
<td style="text-align: right;">112</td>
</tr>
<tr>
<td>CVX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$1.42</td>
<td>$1.41</td>
<td>$1.42</td>
<td>$135.00</td>
<td>$38.9K</td>
<td>1.6K</td>
<td style="text-align: right;">279</td>
</tr>
<tr>
<td>CVX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/18/26</td>
<td>$14.2</td>
<td>$13.85</td>
<td>$14.2</td>
<td>$155.00</td>
<td>$35.5K</td>
<td>162</td>
<td style="text-align: right;">25</td>
</tr>
</tbody>
</table>
</p>
<h3>About Chevron</h3>
<p>Chevron is an integrated energy company with exploration, production, and refining operations worldwide. It is the second-largest oil company in the United States with production of 3.1 million of barrels of oil equivalent a day, including 7.7 million cubic feet a day of natural gas and 1.8 million of barrels of liquids a day. Production activities take place in North America, South America, Europe, Africa, Asia, and Australia. Its refineries are in the US and Asia for total refining capacity of 1.8 million barrels of oil a day. Proven reserves at year-end 2023 stood at 11.1 billion barrels of oil equivalent, including 6.0 billion barrels of liquids and 30.4 trillion cubic feet of natural gas.</p>
<p>After a thorough review of the options trading surrounding Chevron, we move to examine the company in more detail. This includes an assessment of its current market status and performance.</p>
<h3>Where Is Chevron Standing Right Now?</h3>
<ul>
<li>Trading volume stands at 787,602, with CVX's price up by 1.45%, positioned at $146.05.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 36 days.</li>
</ul>
<h3>Expert Opinions on Chevron</h3>
<p>Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $189.0.</p>
<ul>
<li>Maintaining their stance, an analyst from UBS continues to hold a Buy rating for Chevron, targeting a price of $189. </li>
<li>An analyst from Mizuho has decided to maintain their Outperform rating on Chevron, which currently sits at a price target of $189. </li>
</ul>
<p>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 Chevron with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.</p>


Decoding Chevron's Options Activity: What's the Big Picture?

<p>RBC Capital  analyst Brian Abrahams   reiterates Vertex Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRTX#NASDAQ">VRTX</a>) with a Sector Perform and maintains $431 price target.</p>


VRTX

RBC Capital Reiterates Sector Perform on Vertex Pharmaceuticals, Maintains $431 Price Target

<p>In its bid to create a domestic competitor to rival <strong>Nvidia Corporation</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) in the artificial intelligence (AI) chip market, China is reportedly facing significant challenges due to U.S. sanctions and technological gaps.</p>
<p><strong>What Happened</strong>: Chinese firms are ramping up efforts to develop an alternative to Nvidia&#8217;s chips, crucial for AI operations. This initiative is part of Beijing&#8217;s wider strategy to lessen its reliance on American technology. However, U.S. sanctions on China and Nvidia&#8217;s market dominance pose significant hurdles, CNBC <a href="https://www.cnbc.com/2024/09/19/china-looks-for-domestic-nvidia-rival-but-thats-proving-challenging.html">reported</a> on Thursday. </p>
<p>&#8220;Competing with Nvidia still presents substantial challenges in technological gaps, especially in general-purpose GPU. Matching Nvidia in the short-term is unlikely,&#8221; said <strong>Wei Sun,</strong> a senior analyst at Counterpoint Research.</p>
<p>Nvidia&#8217;s success is largely due to its server products, which contain graphics processing units (GPUs) that allow companies to train their AI models on extensive data. These AI models are vital for applications like chatbots and other emerging AI applications.</p>
<p>Since 2022, the U.S. government has curtailed the export of Nvidia&#8217;s most advanced chips to China, tightening restrictions last year. These semiconductors are crucial for China&#8217;s ambition to become a leading AI player.</p>
<p>Several Chinese contenders, including tech giants <strong>Huawei</strong>, <strong>Alibaba Group Holding Ltd</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), <strong>Baidu Inc</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>), and startups like <strong>Biren Technology </strong>and <strong>Enflame</strong>, are aiming to challenge Nvidia. However, these companies are currently trailing Nvidia.</p>
<p><strong>See Also: <a href="https://www.benzinga.com/markets/asia/24/09/40886450/50-of-new-car-sales-in-china-are-electric-but-in-the-us-its-only-10-are-protectionist-policies-widen?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">50% Of New Car Sales In China Are Electric — But In The US, It&#8217;s Only 10%: Are Protectionist Policies Widening The Gap?</a></strong></p>
<p>U.S. sanctions and their subsequent impacts are the most significant hurdles to China&#8217;s ambitions. Some of China&#8217;s leading Nvidia challengers have been placed on the U.S. Entity List, restricting their access to American technology. Additionally, several U.S. restrictions have prevented key AI-related semiconductors and machinery from being exported to China.</p>
<p>Chinese GPU players design chips and rely on a manufacturing company for production. Previously, <strong>Taiwan Semiconductor Manufacturing Co. </strong>(TSMC) would have been the go-to, but U.S. restrictions mean many of these firms cannot access TSMC-made chips. As a result, they have to turn to SMIC, China&#8217;s largest chipmaker, whose technology is generations behind TSMC.</p>
<p>Despite these challenges, Chinese startups remain hopeful, seeking to raise funds to achieve their objectives. </p>
<p><strong>Why It Matters</strong>: Despite U.S. sanctions, Chinese tech giants have <a href="https://www.benzinga.com/markets/asia/24/08/40553145/despite-us-limits-on-chinas-access-to-nvidia-chips-tech-titans-like-alibaba-and-tencent-ramp-up-ai-i">increased their capital expenditure</a> in 2024, focusing on AI infrastructure. Furthermore, Nvidia&#8217;s AI chips are <a href="https://www.benzinga.com/government/24/09/40748185/chinas-markets-still-manage-to-get-nvidia-ai-chips-via-smuggling-report">still finding their way</a> into Chinese markets via smuggling, indicating the country&#8217;s continued investment in AI. </p>
<p>Meanwhile, China&#8217;s <strong>Yangtze Memory Technologies Co</strong> has <a href="https://www.benzinga.com/government/24/09/40923879/chinas-ymtc-makes-strides-in-chip-production-substitutes-asml-lam-research-tech-as-us-sanctions-bite">made significant strides</a> in substituting foreign chipmaking technology with domestic alternatives. These developments highlight China&#8217;s persistent efforts to become a leading player in the global AI market, despite the challenges.</p>
<p><strong>Read Next:</strong></p>
<ul>
<li><strong><a href="https://www.benzinga.com/news/24/09/40915796/japan-expresses-serious-concerns-as-chinese-aircraft-carrier-enters-contiguous-waters-amid-rising-te?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Japan Expresses &#8216;Serious Concerns&#8217; As Chinese Aircraft Carrier Enters Contiguous Waters Amid Rising Tensions: &#8216;Utterly Unacceptable&#8217;</a></strong></li>
</ul>
<p><em>Image via Shutterstock</em></p>
<p>This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <u><a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a></u></p>


BABA

BIDU

NVDA

'Matching Nvidia In Short-Term Is Unlikely,' Analysts Predict As China Ramps Up Search For Rivalling Jensen Huang-Led Chip Giant Amid US Sanctions

<p>Walmart Inc. customers will soon have the option to pay directly from their bank accounts with instant transfers for online purchases. The enhanced feature is a flash point in the escalating tensions between merchants and the card networks setting the fees for payment processing.</p>
<p>&nbsp;</p>
<p><a href="https://www.bloomberg.com/news/articles/2024-09-19/walmart-plans-instant-bank-payments-cutting-out-card-networks?srnd=phx-economics-v2" title="https://www.bloomberg.com/news/articles/2024-09-19/walmart-plans-instant-bank-payments-cutting-out-card-networks?srnd=phx-economics-v2">https://www.bloomberg.com/news/articles/2024-09-19/walmart-plans-instant-bank-payments-cutting-out-card-networks?srnd=phx-economics-v2</a></p>


'Walmart Plans Instant Bank Payments, Cutting Out Card Networks' - Bloomberg

WIIM

Haozi Health Technology shares are trading lower after the company announced the pricing of a $12 million underwritten follow-on public offering of 4 million units at a price of $3 per unit.

Haoxi Health Technology Shares Resume Trade

Macro Economic Events

Politics

Economics

U.S. Senate Majority Leader Schumer Says Senate To File Cloture On Stopgap Bill To Avert Partial Government Shutdown

<p>Wednesday, <strong>Taiwan Semiconductor Manufacturing Co</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) promoted Rose Castanares, executive vice president of the Arizona unit, as president.</p>
<p>Castanares, who joined the Taiwanese contract chipmaker in 1998, will take over Brian Harrison on October 1, who will retire on December 31, the Taipei Times <a target="_blank" href="https://www.taipeitimes.com/News/biz/archives/2024/09/19/2003823993" rel="noreferrer noopener">cites</a> in a company statement.</p>
<p>TSM stock is trading higher on Thursday as the U.S. Federal Reserve <a target="_blank" href="https://in.benzinga.com/markets/equities/24/09/40932103/it-stocks-on-the-rise-after-u-s-fed-cuts-interest-rate" rel="noreferrer noopener">slashed its benchmark</a> interest rate by 50 basis points, setting the interest rate at 4.75%-5% to&nbsp;spur demand for discretionary spending from U.S. companies.</p>
<p><strong><em>Also Read:</em></strong><em> <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40904754/amazons-leaner-structure-and-ai-chip-partnership-with-intel-could-boost-growth-bofa" rel="noreferrer noopener">Amazon&#8217;s Leaner Structure and AI Chip Partnership with Intel Could Boost Growth: BofA Analyst</a></em></p>
<p>The <a target="_blank" href="https://www.benzinga.com/government/24/04/38249052/samsung-secures-6-4b-from-us-for-texas-chip-factory-after-nvidia-supplier-tsmcs-breakthrough" rel="noreferrer noopener">contract chipmaker recently raised</a> its U.S. investment by more than 60% to $65 billion, as the country granted a $6.6 billion federal grant and provided $5 billion in loans.</p>
<p>TSMC is a key artificial intelligence chip supplier for<strong> Nvidia Corp </strong>(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and <strong>Apple Inc</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and is building two advanced fabs in Arizona, leveraging the 4nm, 3nm, and 2nm processes.</p>
<p>It is also eyeing a third fab in Arizona, leveraging the 2nm process. Earlier this year, the company won approval to infuse $7.5 billion in the Arizona unit, reflecting its conviction in the <a target="_blank" href="https://www.benzinga.com/news/24/09/40928754/what-has-taiwan-semiconductor-stock-done-since-nvidia-earnings" rel="noreferrer noopener">artificial intelligence frenzy</a>, which it also voiced at the Semicon Taiwan industry forum in Taipei.</p>
<p>Recent reports also indicated Taiwan Semiconductor bagging at least two smartphone chip deals concerning <strong>Alphabet Inc</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) <strong>Google, </strong>and Apple. <strong>Samsung Electronics </strong>(OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>) <strong>Samsung Foundry </strong>recently lost out on the Pixel 10 and Pixel 11 chip<strong> </strong>deals to <strong>Taiwan Semiconductor&#8217;s </strong>chipmaking technology.</p>
<p>A separate report indicated that Taiwan Semiconductor has started making Apple&#8217;s iPhone chip A16 SoC at the Arizona unit, leveraging its 5nm N4 technology.</p>
<p>Taiwan Semiconductor stock has risen 90% in the last 12 months. Investors can gain exposure to semiconductor stocks through&nbsp;the VanEck Semiconductor ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMH#NASDAQ">SMH</a>) and&nbsp;the&nbsp;<strong>iShares Semiconductor ETF</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>).</p>
<p><strong>Price Action:&nbsp;</strong>TSM stock is up 3.88% at $173.78 at the last check on Thursday.</p>
<p><strong>Also Read:</strong></p>
<ul>
<li><strong><a href="https://www.benzinga.com/m-a/24/09/40926078/nvidia-considers-165m-octoai-acquisition-aims-to-strengthen-ai-and-cloud-dominance" target="_blank" rel="noreferrer noopener">Nvidia Considers $165M OctoAI Acquisition, Aims to Strengthen AI and Cloud Dominance</a></strong></li>
</ul>
<p><em>Photo by Sundry Photography on Shutterstock</em></p>


Government

Regulations

Media

GOOG

GOOGL

iShares PHLX SOX Semiconductor Sector Index Fund

SOXX

SSNLF

What's Going On With Taiwan Semiconductor Stock On Thursday?

<p>RBC Capital  analyst Gregory Renza   reiterates Viridian Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRDN#NASDAQ">VRDN</a>) with a Outperform and maintains $44 price target.</p>


VRDN

RBC Capital Reiterates Outperform on Viridian Therapeutics, Maintains $44 Price Target

Haoxi Health Technology Shares Halted On Circuit Breaker, Stock Now Down -77.3%

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>People spend a lot of time on their devices, but the actual number may surprise you. The average American spends <a href="https://turnto10.com/i-team/consumer-advocate/screen-time-addiction-average-american-spends-four-hours-per-day-phone-younger-generation-reduce-laptops-notifications-january-22-2024#">4.5 hours on their smartphone each day</a>, and that&rsquo;s not even including laptops and tablets.&nbsp;</p>



<p>Our digital devices give us access to many perks that are more difficult to obtain in the real world. The digital world makes it easy for people to buy any product, access various entertainment options, and communicate with people from anywhere.</p>



<p>Investors can generate sizable returns by observing others. People spend a lot of time on their phones but also a lot of money. Some leaders in the digital world generate billions of dollars in quarterly revenue. These same businesses have delivered impressive long-term returns for their shareholders.</p>



<p>Are you wondering which companies make sense for capitalizing on the digital world? These digital stocks offer plenty of potential for patient investors with lengthy time horizons.</p>



<h2>Meta Platforms (META)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/12/facebook1600-300x169.jpg" alt="someone using the Facebook (FB stock) app on their phone in front of a laptop that also has the Facebook webpage on it"><div>Source: Chinnapong / Shutterstock.com</div></div><p>It&rsquo;s no secret that most people spend hours online and use the web to make purchasing decisions. They read online reviews, look at advertisements, and read detailed articles to determine which products to buy.</p>



<p>Many businesses want to show up in front of the right people more often, and they turn to companies like <strong>Meta Platforms</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/meta-stock-quote/"><strong>META</strong></a>) to make it happen. Facebook&rsquo;s parent company has <a href="https://s21.q4cdn.com/399680738/files/doc_news/Meta-Reports-First-Quarter-2024-Results-2024.pdf">3.24 billion daily active users</a> across its social networks, offering plenty of prospects for advertisers.&nbsp;</p>



<p>The company is still growing at a torrid pace despite being well-known. Revenue increased by 27% year-over-year in the first quarter while net income was up by 115%. Meta Platforms has been boosting its profits during its year of efficiency, which led to meaningful returns. Shares are up by 38% year-to-date and have gained 140% over the past five years. The stock trades at a price-to-earnings ratio of 27.5x and offers a 0.4% dividend yield.</p>



<h2>Amazon (AMZN)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/09/amzn-stock-8-300x169.jpg" alt="Amazon building at night time with logo light up on building"><div>Source: Mike Mareen / Shutterstock.com</div></div><p>It&rsquo;s hard to think of a company that has done better in the digital world than <strong>Amazon</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/amzn-stock-quote/"><strong>AMZN</strong></a>). The tech giant released its online marketplace more than 30 years ago, and it&rsquo;s still bringing in billions of dollars every quarter. Amazon redefined how people shop for products and services and expanded into high-growth industries like cloud computing, advertising, gaming, groceries, and artificial intelligence.</p>



<p>The tech conglomerate reported 13% year-over-year revenue growth in the <a href="https://ir.aboutamazon.com/news-release/news-release-details/2024/Amazon.com-Announces-First-Quarter-Results-68b9258cd/">first quarter</a>, demonstrating that growth is still strong after so many years. Net income more than tripled as well. Amazon enjoyed a 22% year-to-date gain and is up 86% over the past five years.&nbsp;</p>



<p>While those gains are good, Wall Street believes the stock has more to give. The stock is rated as a <a href="https://www.tipranks.com/stocks/amzn/forecast">&ldquo;strong buy&rdquo;</a>, and the average price target implies a 22% upside from current levels. The highest price target of $250 per share suggests the stock can gain an additional 37%.</p>



<h2>Alphabet (GOOG, GOOGL)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/01/googlelayoffs1600-300x169.png" alt="Closeup logo of Google.com website on an iPhone on wooden table. GOOG stock and Google layoffs"><div>Source: Koshiro K / Shutterstock.com</div></div><p>While Meta Platforms is an advertising leader in its own right, one tech giant surpasses it. <strong>Alphabet</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/goog-stock-quote/"><strong>GOOG</strong></a></span>, NASDAQ:<span><a href="https://investorplace.com/stock-quotes/googl-stock-quote/"><strong>GOOGL</strong></a></span>) makes billions each quarter from ad placements on Google, YouTube, and websites that use Google AdSense. The tech giant surpassed a $2 trillion market cap earlier this year and logged a 29% year-to-date gain. Shares are also up by 217% over the past five years.</p>



<p>Alphabet presents a healthy mix of growth and value. On one hand, the stock has a 28x P/E ratio and a 0.4% yield. On the other hand, Alphabet delivered <a href="https://www.abc.xyz/assets/91/b3/3f9213d14ce3ae27e1038e01a0e0/2024q1-alphabet-earnings-release-pdf.pdf">15% year-over-year revenue growth</a> and 57% net income growth in the first quarter. Alphabet is also looking at cost-cutting measures that can increase value for long-term investors. The company&rsquo;s recently announced dividend further highlights leadership&rsquo;s commitment to shareholders.</p>



<p>Wall Street analysts like what they see and have rated the stock as a &ldquo;strong buy.&rdquo; The average price target suggests the stock can <a href="https://www.tipranks.com/stocks/googl/forecast">gain an extra 14%</a>.</p>



<h2>Fortinet (FTNT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/ftnt-stock-1-300x169.jpg" alt="The Fortinet logo on a wall"><div>Source: Sundry Photography / Shutterstock.com</div></div><p>The digital world has enabled many possibilities but has also created many risks. One key concern is how much data hackers can access if they infiltrate a company&rsquo;s database. Cyberattacks can cost millions of dollars and hurt brand loyalty.&nbsp;</p>



<p>Corporations and small businesses turn to cybersecurity giants like <strong>Fortinet</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/ftnt-stock-quote/"><strong>FTNT</strong></a>) to keep their data safe. <a href="https://investorplace.com/industries/technology/cybersecurity/">Cybersecurity stocks</a> also generated impressive long-term returns for investors. For instance, Fortinet has more than tripled over the past five years.&nbsp;</p>



<p>While any investor would be happy with those five-year gains, Fortinet had a rough 2023. Revenue and net income growth decelerated, slamming the brakes on stock gains. However, the tide appears to be changing. Fortinet reported 7.2% year-over-year revenue growth and 20.8% net income growth in the <a href="https://investor.fortinet.com/static-files/a28eeae0-6f81-4ab0-a155-b0de2b73c146">first quarter</a>. Service revenue was a big highlight that jumped by 24.8%. Fortinet is currently <a href="https://www.tipranks.com/stocks/ftnt/forecast">rated as a &ldquo;hold&rdquo;</a> with a projected 18% upside.</p>



<h2>Upwork (UPWK)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/11/upwork-upwk-1600-300x169.jpg" alt="The logo for Upwork (UPWK) is displayed on a cellphone."><div>Source: Funstock / Shutterstock.com</div></div><p>The internet doesn&rsquo;t only offer ways for people to find entertainment and buy products from anywhere in the world. It has created many career opportunities and made it easier for people to work remotely. Investors hoping to capitalize on this trend may consider <strong>Upwork</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/upwk-stock-quote/"><strong>UPWK</strong></a>).</p>



<p>The online freelance marketplace hasn&rsquo;t had the best year as a stock. It&rsquo;s down by 20% year-to-date, but that dip has resulted in a P/E of 34x. Furthermore, revenue and net income are both on the upswing. Upwork reported 18.7% year-over-year revenue growth and 7.4% net income growth in the <a href="https://investors.upwork.com/news-releases/news-release-details/upwork-reports-first-quarter-2024-financial-results">first quarter</a>. The freelance marketplace&rsquo;s advertising revenue continued to soar and recorded a 93% gain from a year ago. Revenue from Freelancer Plus subscriptions increased by 76% as the platform surpassed 100,000 active members.</p>



<p>Upwork is also making investments into artificial intelligence that enhance the user experience. Uma, Upwork&rsquo;s Mindful AI, helps match employers and freelancers for optimal positions.</p>



<h2>Semrush (SEMR)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/03/digital-advertising-1600-300x169.jpg" alt="Close up hand holding mobile with Digital Advertising and icons, Digital Marketing concept. digital ad stocks"><div>Source: weedezign via Shutterstock</div></div><p><strong>Semrush</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/semr-stock-quote/"><strong>SEMR</strong></a>) serves business owners and influencers who want more people to know about their businesses. Instead of offering ad placements, Semrush offers tools that help people with keyword research and ad campaign optimization. The company has attracted <a href="https://investors.semrush.com/news/news-details/2024/Semrush-Announces-First-Quarter-2024-Financial-Results/">nearly 112,000 paying customers</a> to several subscription plans. Semrush also has 1.12 million registered free customers on its email list.</p>



<p>The company successfully raised the average revenue per customer while attracting more customers. This dynamic should help Semrush deliver enticing long-term returns for its investors. Shares are up by 5% year-to-date and gained 38% over the past year. The firm delivered 21% year-over-year revenue growth and 122% net income growth in the first quarter.&nbsp;</p>



<p>Wall Street analysts are confident that the company will continue to gain market share and reward patient investors. It&rsquo;s rated as a <a href="https://www.tipranks.com/stocks/semr/forecast">&ldquo;moderate buy&rdquo;</a> among five analysts and has an average price target that suggests a 15% upside. The highest price target of $18 per share implies that Semrush can gain an additional 30% from current levels.</p>



<h2>Duolingo (DUOL)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/06/duol-stock-1-300x169.jpg" alt="The Duolingo (DUOL) logo on a smartphone screen with a map in the background."><div>Source: DANIEL CONSTANTE / Shutterstock.com</div></div><p><strong>Duolingo </strong>(NASDAQ:<a href="https://investorplace.com/stock-quotes/duol-stock-quote/"><strong>DUOL</strong></a>) is a leading educational app that helps people learn new languages. The company has also expanded to offer verbal and written lessons for math, music, and other subjects. Although it looks attractive in the long run, it has endured an 18% year-to-date loss.</p>



<p>The company&rsquo;s substantial net income growth is a key reason for confidence. Duolingo reported $27 million in profits in the <a href="https://investors.duolingo.com/static-files/3fd01aca-f917-4e6d-b310-30922e2e4e83">first quarter</a>, compared to a $2.6 million net loss in the same period last year. Duolingo also reported 45% year-over-year revenue growth to reach $167.6 million in sales.</p>



<p>Duolingo&rsquo;s financials weren&rsquo;t the only positive development. The firm is rapidly expanding its user base. About 31.4 million people use the app daily, a 54% improvement from a year ago. Meanwhile, monthly active users totaled 97.6 million people, marking a 35% improvement. A soaring user base that&rsquo;s very active should pave the way for more gains. Recent stock price movements don&rsquo;t align with the company&rsquo;s long-term potential.&nbsp;</p>



<p><em>On this date of publication, Marc Guberti held long positions in AMZN and GOOG. The opinions expressed in this article are those of the writer, subject to the&nbsp;</em><a href="https://investorplace.com/"><em>InvestorPlace.com</em></a><a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/"><em> Publishing Guidelines.</em></a></p>



<p><em>On the date of publication, the responsible editor held a LONG position in AMZN.</em></p>
<div><p>Marc Guberti is a finance freelance writer at InvestorPlace.com who hosts the Breakthrough Success Podcast. He has contributed to several publications, including the U.S. News &amp; World Report, Benzinga, and Joy Wallet.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/07/7-stocks-that-are-capitalizing-on-the-digital-world/">7 Stocks That Are Capitalizing on the Digital World</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

7 Stocks That Are Capitalizing on the Digital World

Notable earnings after Monday's close

SEMrush GAAP EPS of $0.01 misses by $0.02, revenue of $90.95M beats by $1.17M

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p><strong>SEMrush Hldgs</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/semr-stock-quote/"><strong>SEMR</strong></a></span>) just reported results for the second quarter of 2024.</p><ul><li>SEMrush Hldgs reported earnings per share of 1 cent. This was below the analyst estimate for EPS of 7 cents.</li><li>The company reported revenue of $90.95 million.</li><li>This was 1.30% better than the analyst estimate for revenue of $89.78 million.</li></ul><div><p>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</p></div><h3>More From InvestorPlace</h3>
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						<a href="https://investorplace.com/2024/04/legendary-investor-predicts-forget-a-i-this-technology-is-the-future/?cid=MKT794457&amp;eid=MKT802109">Legendary Investor Predicts: &ldquo;Forget AI... THIS Technology Is the Future&rdquo;</a>
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									</ul><p>The post <a href="https://investorplace.com/earning-results/2024/08/semr-stock-earnings-semrush-hldgs-for-q2-of-2024/">SEMR Stock Earnings: SEMrush Hldgs Misses EPS, Beats Revenue for Q2 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

SEMR Stock Earnings: SEMrush Hldgs Misses EPS, Beats Revenue for Q2 2024

Semrush Holdings, Inc. (SEMR) Q2 2024 Earnings Call Transcript

Analyst Scott Berg from Needham reiterated a Buy rating on SEMrush Holdings (SEMR – Research Report) and keeping the price target at $18.00. Scott ...

Buy Rating Affirmed for SEMrush on Strong Q2 Performance and Strategic Acquisitions

Morgan Stanley analyst Elizabeth Porter maintained a Hold rating on SEMrush Holdings (SEMR – Research Report) today and set a price target of $17.0...

Morgan Stanley Sticks to Its Hold Rating for SEMrush Holdings (SEMR)

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>You don&rsquo;t have to spend a lot of money to buy a share in a successful company. Some stocks are priced below $50 per share and present a respectable upside for long-term investors. However, these stocks don&rsquo;t present an upside just because they have low prices. Rising revenue and earnings are two components of high-potential companies.</p>



<p>These stocks check off both items, but they also have growth catalysts that suggest more gains are on the way. Some of these stocks also have low valuations that present a respectable margin of safety for long-term investors. None of these stocks currently has a market cap above $10 billion, and they don&rsquo;t receive as much attention as the giants, such as the Magnificent Seven.</p>



<p>Wondering which of the under $50 stocks can bring your portfolio to a new high? These are some of the stocks to consider that have plenty of upside for long-term investors.</p>



<h2>Semrush (SEMR)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/04/april_videomarketing1600-300x169.png" alt="Woman hand holding smartphone against blur bokeh of shop background VDO ads concept, April brings video marketing, social media, and real estate together"><div>Source: 4 Girls 1 Boy / Shutterstock.com</div></div><p><strong>Semrush</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/semr-stock-quote/"><strong>SEMR</strong></a>) is a search engine marketing tool that helps businesses and individuals find good keywords, plan out ad campaigns, and construct marketing strategies. It&rsquo;s hard to match the features and functionality that Semrush provides.&nbsp;</p>



<p>The top marketing tool also has a good setup for long-term investors. The company&rsquo;s annual recurring revenue model generated 21% YOY revenue growth in the <a href="https://investors.semrush.com/news/news-details/2024/Semrush-Announces-First-Quarter-2024-Financial-Results/">first quarter</a>. While revenue reached $85.8 million in the quarter, net income came to $2.1 million. Profits more than doubled YOY, resulting in a 2.5% net profit margin.</p>



<p>The firm has nearly 112,000 paying customers. It&rsquo;s been successful at attracting new customers and getting existing customers to upgrade their accounts.</p>



<p>Semrush has a good opportunity to expand profit margins in future quarters. Investors are growing more bullish on the stock based on its single-year gain of 31%. The average price target from five analysts implies a <a href="https://www.tipranks.com/stocks/semr/forecast">potential 19% upside</a>. Semrush is currently rated as a moderate buy.</p>



<h2>Upwork (UPWK)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/11/upwk-stock-300x169.jpg" alt="upwork (UPWK) logo on a building"><div>Source: Sundry Photography / Shutterstock.com</div></div><p><strong>Upwork </strong>(NYSE:<a href="https://investorplace.com/stock-quotes/upwk-stock-quote/"><strong>UPWK</strong></a>) is an online freelance marketplace that should continue to grow as the remote work trend becomes more mainstream. Upwork makes it easier for businesses to find top talent, and it allows individuals to develop multiple income streams.&nbsp;</p>



<p>The stock hasn&rsquo;t done well year-to-date, registering a 25% loss during that time. However, the recent declines have resulted in a 31.5 P/E ratio for a company that regularly reports revenue and net income growth. Upwork delivered 19% YOY revenue growth in the <a href="https://investors.upwork.com/news-releases/news-release-details/upwork-reports-first-quarter-2024-financial-results">first quarter</a> to reach $190.9 million. Meanwhile, net income was up by 7% YOY, reaching $18.4 million in the process. Upwork closed out the quarter with a 9.7% net profit margin.&nbsp;</p>



<p>The freelance marketplace has two exciting revenue opportunities that can translate into more gains for the stock. Ad revenue increased by 93% YOY while Freelancer Plus revenue jumped by 76% YOY revenue growth. Upwork now has more than 100,000 active subscriptions for its Freelancer Plus offering.</p>



<h2>SoFi (SOFI)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/10/silhouette-sofi-1600-300x169.jpg" alt="Silhouette of person holding mobile phone with SoFi (SOFI) logo shown in background"><div>Source: shutterstock.com/rafapress</div></div><p><strong>SoFi </strong>(NASDAQ:<a href="https://investorplace.com/stock-quotes/sofi-stock-quote/"><strong>SOFI</strong></a>) is a digital bank that offers bank accounts, brokerage accounts, personal loans, credit cards, and other financial products. The stock hasn&rsquo;t performed well so far, based on a 31% year-to-date loss, but that has put it among under $50 stocks.</p>



<p>The fintech firm delivered another strong earnings report in the second quarter that featured 20% YOY revenue growth. Net income came in at <a href="https://s27.q4cdn.com/749715820/files/doc_financials/2024/q2/Q2-2024-Earnings-Release.pdf">$17.4 million</a> compared to a $47.5 million net loss in the same quarter last year. The bank also closed the quarter with 8.77 million members compared to 6.24 million members in the same quarter last year.&nbsp;</p>



<p>Digital banks have been gaining momentum. They have less overhead which allows them to offer more competitive financial products. The industry is expected to <a href="https://www.fintechfutures.com/techwire/digital-banking-platform-market-is-expected-to-reach-a-revenue-of-usd-31-3-bn-by-2033-at-11-7-cagr-dimension-market-research/#:~:text=The%20Digital%20Banking%20Platform%20Market%20is%20expected%20to%20grow%20by,transformations,%20supported%20by%20cloud%20adoption.">maintain a compounded annual growth rate of 11.7%</a> from now until 2033. SoFi looks poised to gain plenty of market share during that stretch and reward long-term investors. Analysts believe the stock can <a href="https://www.tipranks.com/stocks/sofi/forecast">rally by 23% from current levels.</a></p>



<p><em>On this date of publication, Marc Guberti held a long position in SOFI. The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com </em><a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/"><em>Publishing Guidelines.</em></a></p>



<p><em>On the date of publication, the responsible editor did not have (either directly or<br>indirectly) any positions in the securities mentioned in this article.</em></p>
<div><p>Marc Guberti is a finance freelance writer at InvestorPlace.com who hosts the Breakthrough Success Podcast. He has contributed to several publications, including the U.S. News &amp; World Report, Benzinga, and Joy Wallet.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/08/the-3-best-under-50-stocks-to-buy-in-august-2024/">The 3 Best Under $50 Stocks to Buy in August 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

The 3 Best Under $50 Stocks to Buy in August 2024

Analysts have been eager to weigh in on the Technology sector with new ratings on VTEX (VTEX – Research Report), Trimble (TRMB – Research Report) a...

Analysts Offer Insights on Technology Companies: VTEX (VTEX), Trimble (TRMB) and SEMrush Holdings (SEMR)

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SEMrush Hldgs

SEMrush Hldgs (SEMR) Forecast

SEMrush Hldgs (NYSE:SEMR) Stock, Quote.Headers.trade-ideas