Latest news for Ximen Mining (OTC:XXMMF) Stock

Ximen Mining Corp is a gold producer in southern British Columbia. The company is focused on the Kenville Gold Mine property near Nelson, British Columbia, and also developing the project into a small underground mine. The company holds an interest in the Brett Epithermal Gold Project, Gold Drop property, Treasure Mountain Silver Project, and Amelia Gold Mine.

Ximen Mining Corp

Lyft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) has been analyzed by 21 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares 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;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">18</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">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;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">14</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' evaluations of 12-month price targets offer additional insights, showcasing an average target of $13.76, with a high estimate of $18.00 and a low estimate of $10.00. Observing a downward trend, the current average is 24.23% lower than the prior average price target of $18.16. 
<img src="https://www.benzinga.com/files/images/story/2024/1727118022_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
In examining recent analyst actions, we gain insights into how financial experts perceive Lyft. 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>Deepak Mathivanan</td>
<td>Cantor Fitzgerald</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$13.00</td>
<td>$13.00</td>
</tr>
<tr>
<td>Deepak Mathivanan</td>
<td>Cantor Fitzgerald</td>
<td>Announces</td>
<td>Neutral</td>
<td>$13.00</td>
<td>-</td>
</tr>
<tr>
<td>Rob Sanderson</td>
<td>Loop Capital</td>
<td>Lowers</td>
<td>Buy</td>
<td>$16.00</td>
<td>$20.00</td>
</tr>
<tr>
<td>Anindya Das</td>
<td>Nomura</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$13.00</td>
<td>$15.00</td>
</tr>
<tr>
<td>Rohit Kulkarni</td>
<td>Roth MKM</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$13.00</td>
<td>$19.00</td>
</tr>
<tr>
<td>Brad Erickson</td>
<td>RBC Capital</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$17.00</td>
<td>$24.00</td>
</tr>
<tr>
<td>Itay Michaeli</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$10.00</td>
<td>$18.00</td>
</tr>
<tr>
<td>Ross Sandler</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$14.00</td>
<td>$20.00</td>
</tr>
<tr>
<td>John Blackledge</td>
<td>TD Cowen</td>
<td>Lowers</td>
<td>Hold</td>
<td>$15.00</td>
<td>$18.00</td>
</tr>
<tr>
<td>Benjamin Black</td>
<td>Deutsche Bank</td>
<td>Lowers</td>
<td>Hold</td>
<td>$11.00</td>
<td>$15.00</td>
</tr>
<tr>
<td>Doug Anmuth</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$15.00</td>
<td>$18.00</td>
</tr>
<tr>
<td>Brian Pitz</td>
<td>BMO Capital</td>
<td>Lowers</td>
<td>Market Perform</td>
<td>$13.00</td>
<td>$19.00</td>
</tr>
<tr>
<td>Lloyd Walmsley</td>
<td>UBS</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$12.00</td>
<td>$15.00</td>
</tr>
<tr>
<td>Scott Devitt</td>
<td>Wedbush</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$12.00</td>
<td>$19.00</td>
</tr>
<tr>
<td>Ken Gawrelski</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$12.00</td>
<td>$17.00</td>
</tr>
<tr>
<td>Mark Mahaney</td>
<td>Evercore ISI Group</td>
<td>Lowers</td>
<td>In-Line</td>
<td>$17.00</td>
<td>$18.00</td>
</tr>
<tr>
<td>Youssef Squali</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Hold</td>
<td>$13.00</td>
<td>$18.00</td>
</tr>
<tr>
<td>Shyam Patil</td>
<td>Susquehanna</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$10.00</td>
<td>$18.00</td>
</tr>
<tr>
<td>Michael Graham</td>
<td>Canaccord Genuity</td>
<td>Lowers</td>
<td>Buy</td>
<td>$18.00</td>
<td>$23.00</td>
</tr>
<tr>
<td>Conor Cunningham</td>
<td>Melius Research</td>
<td>Announces</td>
<td>Hold</td>
<td>$15.00</td>
<td>-</td>
</tr>
<tr>
<td>Ken Gawrelski</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$17.00</td>
<td>$18.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Lyft. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Lyft compared to the broader market.</li>
<li>Price Targets: Analysts predict movements in price targets, offering estimates for Lyft's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Lyft's market standing. Stay informed and make data-driven decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/LYFT/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Lyft analyst ratings.</a>
<h2>Unveiling the Story Behind Lyft</h2>
Lyft is the second-largest ride-sharing service provider in the us and Canada, connecting riders and drivers over the Lyft app. Incorporated in 2013, Lyft offers a variety of rides via private vehicles, including traditional private rides, shared rides, and luxury ones. Besides ride-share, Lyft also has entered the bike- and scooter-share market to bring multimodal transportation options to users.
<h3>Key Indicators: Lyft's Financial Health</h3>
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
Revenue Growth: Lyft's remarkable performance in 3 months is evident. As of 30 June, 2024, the company achieved an impressive revenue growth rate of 40.64%. This signifies a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Industrials sector.
Net Margin: Lyft's net margin is impressive, surpassing industry averages. With a net margin of 0.35%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 0.94%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Lyft's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 0.1% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: Lyft's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 2.01.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

LYFT

Forecasting The Future: 21 Analyst Projections For Lyft

Toll Brothers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOL#NYSE">TOL</a>) has outperformed the market over the past 10 years by 6.05% on an annualized basis producing an average annual return of 17.24%. Currently, Toll Brothers has a market capitalization of $15.24 billion. 
Buying $1000 In TOL: If an investor had bought $1000 of TOL stock 10 years ago, it would be worth $4,834.97 today based on a price of $151.00 for TOL at the time of writing.
<h3>Toll Brothers's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727118021_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

News

Trading Ideas

Here's How Much $1000 Invested In Toll Brothers 10 Years Ago Would Be Worth Today

Piper Sandler analyst Clarke Jeffries upgraded Wix.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WIX#NASDAQ">WIX</a>) from Neutral to Overweight and raised the <a target="_blank" href="https://www.benzinga.com/quote/WIX/analyst-ratings" rel="noreferrer noopener">price target from&nbsp;$184&nbsp;to&nbsp;$200</a>.
As the growthiest asset in the Web Builder space historically, Wix has undergone one of the most significant transformations over the past two years, expanding free cash flow margins by 28pts in two years while growth has remained stable, Jeffries noted.
When the analyst downgraded earlier this year, near-term upside seemed contingent on growth outcomes above and beyond what he was willing to model.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/24/08/40218431/wixs-q2-earnings-revenue-and-profit-beat-strong-performance-in-partner-and-subscription-segments" rel="noreferrer noopener">Wix&#8217;s Q2 Earnings: Revenue And Profit Beat, Strong Performance in Partner And Subscription Segments</a>
The heart of that concern has stayed the same; Jeffries is still skeptical about some of the acceleration forecasted for the second half. However, from a valuation perspective, Wix stock today trades at parity to GoDaddy Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDDY#NYSE">GDDY</a>) on calendar 2025 free cash flow, despite being a double-digit grower and presenting margin expansion potential beyond 2025, to the long-term free cash flow margin target of 35%.
Jeffries flagged that 2024 has been a tremendous year for Web Builders. The three public vendors in this space have outperformed the market year-to-date.
Profitability and returning capital have been the pillars of outperformance. However, with likely most stock tendered to the revised Squarespace, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQSP#NYSE">SQSP</a>) deal and such year-to-date solid performance, the analyst noted it&#8217;s an appropriate time to revisit his thesis on GoDaddy and Wix.
The analyst noted that both names are sitting today at ~$160, ~17 times calendar 2025 free cash flow, and demonstrating accelerating Bookings growth year-to-date. Looking to 2025, he noted the differentiator for stock performance will be the potential for improving growth and the horizon for continued margin improvements. Thus, he noted a more compelling ownership thesis for Wix at current levels.
Jeffries projected third-quarter revenue of $444.4 million and EPS of $1.70.
Since 2021, customer growth has been challenged in the Web Builders space, growing below trend as the industry digested much of the pull forward from COVID and stimulus years and a challenging economic backdrop in recent quarters, the analyst noted. However, he said that growth has not fallen as precipitously as customer growth due to pricing, which has ramped up in response to lower subscriber growth.
Looking ahead to 2025, Jeffries noted investors will be evaluating how much growth could come back to these models under normalized economic conditions. Under that scenario, the analyst noted Wix is the clear favorite, seen as the higher medium-term and terminal grower.
Price Action: WIX stock is up 2.45% at $164.58 at the last check Monday.
Photo via Company

Analyst Color

Upgrades

Price Target

Movers

GDDY

SQSP

Wix Is Set for Growth With Expanding Margins and Cash Flow, Analyst Upgrades Stock

Cloudflare (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NET#NYSE">NET</a>) has outperformed the market over the past 5 years by 22.33% on an annualized basis producing an average annual return of 36.35%. Currently, Cloudflare has a market capitalization of $29.37 billion. 
Buying $100 In NET: If an investor had bought $100 of NET stock 5 years ago, it would be worth $439.64 today based on a price of $85.94 for NET at the time of writing.
<h3>Cloudflare's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727118016_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $100 In This Stock 5 Years Ago, You Would Have $400 Today

9 analysts have shared their evaluations of Skechers USA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKX#NYSE">SKX</a>) during the recent three months, expressing a mix of bullish and bearish perspectives.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">3</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;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $78.56, a high estimate of $83.00, and a low estimate of $72.00. This current average has increased by 3.67% from the previous average price target of $75.78. 
<img src="https://www.benzinga.com/files/images/story/2024/1727118013_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
A comprehensive examination of how financial experts perceive Skechers USA is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Christopher Nardone</td>
<td>B of A Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$81.00</td>
<td>$87.00</td>
</tr>
<tr>
<td>John Kernan</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Buy</td>
<td>$78.00</td>
<td>$76.00</td>
</tr>
<tr>
<td>JESALYN Wong</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$72.00</td>
<td>$68.00</td>
</tr>
<tr>
<td>Adrienne Yih</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$79.00</td>
<td>$78.00</td>
</tr>
<tr>
<td>Tom Nikic</td>
<td>Wedbush</td>
<td>Raises</td>
<td>Outperform</td>
<td>$79.00</td>
<td>$76.00</td>
</tr>
<tr>
<td>Jim Duffy</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$83.00</td>
<td>$81.00</td>
</tr>
<tr>
<td>John Kernan</td>
<td>TD Cowen</td>
<td>Lowers</td>
<td>Buy</td>
<td>$76.00</td>
<td>$79.00</td>
</tr>
<tr>
<td>Alex Straton</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Overweight</td>
<td>$80.00</td>
<td>$60.00</td>
</tr>
<tr>
<td>John Kernan</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Buy</td>
<td>$79.00</td>
<td>$77.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Skechers USA. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Skechers USA compared to the broader market.</li>
<li>Price Targets: Delving into movements, analysts provide estimates for the future value of Skechers USA's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Skechers USA's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/SKX/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Skechers USA analyst ratings.</a>
<h2>All You Need to Know About Skechers USA</h2>
Skechers USA Inc is a lifestyle footwear company under the Skechers GO brand name. Products offered include various styles of women's shoes, men's shoes, girl's shoes, boy's shoes, performance shoes, and work shoes. Allied products offered are apparel, bags, eyewear, toys, and more. Its products are available for sale at department and specialty stores, athletic and independent retailers, boutiques, and internet retailers. The company's operating segments includes Wholesale and Direct-to-Consumer. It generates maximum revenue from the Wholesale segment.
<h3>Key Indicators: Skechers USA's Financial Health</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: Skechers USA's remarkable performance in 3 months is evident. As of 30 June, 2024, the company achieved an impressive revenue growth rate of 7.21%. This signifies a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Consumer Discretionary sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 6.5%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Skechers USA's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 3.35%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): Skechers USA's ROA excels beyond industry benchmarks, reaching 1.81%. This signifies efficient management of assets and strong financial health.
Debt Management: With a below-average debt-to-equity ratio of 0.42, Skechers USA adopts a prudent financial strategy, indicating a balanced approach to debt management.
<h2>What Are Analyst Ratings?</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Navigating 9 Analyst Ratings For Skechers USA

Over the past 24 hours, BNB's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/bnb/usd">BNB</a>) price has risen 4.49% to $613.07. This continues its positive trend over the past week where it has experienced a 14.0% gain, moving from $533.65 to its current price. As it stands right now, the coin's all-time high is $717.48. 
The chart below compares the price movement and volatility for BNB 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/2024/1727118006_0.png" alt="price_chart" />
The trading volume for the coin has decreased 1.0% over the past week, while the overall circulating supply of the coin has increased 0.12% to over 145.89 million. This puts its current circulating supply at an estimated 72.94% of its max supply, which is 200.00 million. The current market cap ranking for BNB is #4 at $89.47 billion.
<img src="https://www.benzinga.com/files/images/story/2024/1727118006_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.

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

Cryptocurrency

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$BNB

BNB's Price Increased More Than 4% Within 24 hours

General Mills (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gis#NYSE">GIS</a>) can provide a hedge if volatility continues to plague the S&amp;P 500. The company is amid a business transformation telegraphed in its price action, which is set up for a significant reversal after more than a year of lackluster performance.&nbsp;
The transformation includes selling its yogurt business, which will lighten the portfolio and shore up the fortress balance sheet. This will allow management to focus on core markets, international growth, and local gems that drive margin while providing steady capital returns.&nbsp;
The bonus is the stock beta. General Mills has trades with a 5-year beat of 0.1 and a 2-year beta of -.2, suggesting little to no correlation to the&nbsp; S&amp;P 500; if the broad market falls, General Mills trends will be unaffected and may even get an added boost from a flight to safety.&nbsp;
<h2>General Mills Post Earnings Dip Is A Buying Opportunity That Won&#39;t Last Long</h2>
General Mills share prices fell following the FQ1 release, opening a buying opportunity that will likely last only a short time. The results and guidance were good, with Q1 performance being better than expected, and guidance was reaffirmed. The problem is that Q1 strength didn&#39;t carry through to the guidance, suggesting the remainder of the year could be tepid relative to expectations. However, the $4.85 billion in revenue is down only 1% compared to last year, outperforming by 100 basis points, and aligns with the outlook for turnaround, resumed organic growth, and capital returns, which counts over the long term.&nbsp;&nbsp;
The margin news is just as mixed, with margins contracting but less than expected, leaving earnings down compared to last year but better than forecast. The salient detail is that although net earnings are down 14%, the $580 million is sufficient to sustain the fortress balance sheet and the capital return. The $1.07 in adjusted earnings gives a 55% quarterly dividend payout ratio, which is sustainable and expected to improve as the year progresses. It also leaves room for share repurchases, which have been aggressive.&nbsp;
The guidance is good enough. The company forecasts sequential improvement in revenue and earnings and YOY organic growth to return by the end of the year, not including the sale of the yogurt business. That is expected to close in 2025 and will impact reported results for the following twelve months by approximately 3% on a diluted basis.&nbsp;
<h2>General Mills Capital Return Is Top-Tier and Expected to Accelerate</h2>
General Mills&#39; financial condition is rock solid and allows for substantial capital return,&nbsp;including dividends and share buybacks. The dividend is attractive at 3.25% and only 16x earnings, a high-yield value compared to the broad market and leading consumer staples peers like Hormel (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hrl#NYSE">HRL</a>), Hershey (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hsy#NYSE">HSY</a>), and Kellanova (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/k#NYSE">K</a>), which trade at 20x, 21x, and nearly 22x their earnings outlooks, respectively.&nbsp;
Balance sheet highlights from Q1 include reduced cash, increased debt, and reduced equity, but repurchases and treasury stock offset those factors. The company repurchased $300 million of shares during the quarter, reducing the average count by 4.65% year over year and increasing the treasury holdings by nearly 20%. Repurchases have slowed compared to last year due to the contraction of revenue and earnings, and they may not accelerate soon. However, buybacks are likely to continue at a float-reducing pace through the year&#39;s end, and the company plans to use proceeds from the yogurt sale to boost activity once closed.&nbsp;
<h2>General Mills Share Price Supported by an Expectation for Lower Interest Rates</h2>
General Mills&#39; share price has steadily risen since mid-July, when the CPI report sparked a massive broad-market sell-off after signaling a high probability that the FOMC would lower interest rates this year. The signal is that risk-off investment dollars, once focused on higher-yielding bonds, have turned to quality dividend growth stocks like General Mills, which still present value and yield for investors today.&nbsp;
The technical action since July suggests a double-bottom reversal pattern is now in play, and price action has retreated to a critical support target. The critical target is the 30-day EMA, which aligns with highs earlier this year. If support is confirmed at this level, investors can expect GIS stock to continue higher and complete the reversal by year&#39;s end. If not, GIS stock could fall to the $70 level or lower before hitting solid support.&nbsp;
<img alt="General Mills GIS stock chart" class="aligncenter" src="https://www.marketbeat.com/logos/articles/med_20240918104246_chart-gis-9182024.png" style="height:426px; width:917px" />
The article &quot;<a href="https://www.marketbeat.com/stock-ideas/why-general-mills-is-the-perfect-hedge-for-s-and-p-500-volatility/">Why General Mills Is the Perfect Hedge for S&amp;P 500 Volatility</a>&quot; first appeared on MarketBeat.

Earnings

Large Cap

Guidance

Dividends

Technicals

Buybacks

Why General Mills Is the Perfect Hedge for S&P 500 Volatility

WIIM

TCJH

Top KingWin shares are trading higher after the company announced that its subsidiary, Guji Technology, signed a nonbinding letter of intent with Tuoxun Technology.

ABAT

American Battery Technology shares are trading lower after the company announced it was selected for a $150 million competitive grant.

OPTT

Ocean Power Technologies shares are trading higher after the Biden-Harris Administration announced a $112.5 million investment in marine energy.

Restaurant Brands (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/qsr#NYSE">QSR</a>)&nbsp;owns massive fast-food chains like Burger King, Popeyes, and Tim Hortons. The company has&nbsp;received approval for its share buyback program, under which it will be able to repurchase up to 10% or $500 million worth of its outstanding shares over the next year. Let&#39;s explore&nbsp;what this announcement really means and compare the company to the competition on key metrics.
<h2>Repurchases: Better to Have and Not Need Than the Other Way Around</h2>
Should the company decide to use its buyback capabilities, it would benefit shareholders. Share buybacks support the earnings-per-share (EPS) of a company by lowering the share count. This also means each share that continues to be outstanding is worth a larger percentage of the overall company.
Counterintuitively, it&#39;s likely a better overall outcome for shareholders if the buyback program is not used. This is because the company is only likely to initiate buybacks if the share price falls significantly. The company started buying back shares in Oct. 2023, when the stock price had fallen nearly 10% in two weeks. This helped support the stock price at that time.
Since then, outstanding shares have climbed to their highest level in the past year, while the share price has been flat. More than anything, this announcement shows the firm&#39;s willingness to step in to help prevent the stock price from dropping rapidly.
Although it might not be the flashiest thing in the world, it clearly provides benefits to shareholders. Ideally, they won&#39;t need to use it. This can be understood better by exploring the phrase, &quot;it will be able to repurchase up to 10% or $500 million worth of its outstanding shares.&quot;
This means the company can repurchase the lesser (or equal) of these two figures, depending on its market capitalization. Based on its current market cap of $32 billion, $500 million represents 1.5% of the company&#39;s outstanding shares. So, for the company to repurchase 10% of its shares, the market cap would have to be $5 billion.
That could only happen if shares declined by 84%, a result that obviously no shareholder wants. However, the company can still use the repurchases strategically to support the share price when it starts falling modestly, which is a much more likely outcome. It&#39;s imperative to examine the current state of Restaurant Brands outside of this announcement.
<h2>Rate Cuts Are Good News for Non-Essential Goods</h2>
There are other things to like about Restaurant Brands. The company operates in the consumer discretionary sector, where the goods sold are considered non-essential. With impending interest rate cuts, firms in the consumer discretionary sector can benefit. The CME FedWatch Tool now projects a 62% probability of the Federal Reserve dropping interest rates by 50 basis points at its Sept. 18 meeting.
Additionally, by the Dec. 18 meeting, there is nearly a two-thirds probability that rates will fall by 120 basis points or more from current levels. This drop in rates can allow people to refinance their home loans and lower their monthly payments. By doing this, they can spend less on essentials like housing and have more money to spend on non-essential goods.
One analyst is particularly bullish on the company. RBC raised its price target for Restaurant Brands a week ago to $95. The current price of around $70 implies an upside of 36%.
<h2>Comparative Analysis: Restaurant Brands Shows Favorable Signs</h2>
Compared to other&nbsp;restaurant stocks, the company looks encouraging in several metrics. Its forward-looking dividend yield of 3.3% is significantly above that of most other U.S. and Canadian quick-service restaurant (QSR) stocks. Its forward price-to-earnings (P/E) ratio of 19.3x is below average compared to a peer group of nine U.S. and Canadian QSR firms with market capitalizations of at least $2 billion.
Also, the company has done well in an environment where other QSR firms are struggling to grow revenues. The compound annual growth rate (CAGR) of more than 10% over the past two years exceeds the 7% average for this group. It&#39;s also twice that of the biggest player in the space, McDonald&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mcd#NYSE">MCD</a>), which has had a 5% revenue CAGR over the same period.
Forecasts for EPS growth over the next two years also look good at a CAGR of 14%, above the 11.5% average for these nine firms.
The article &quot;<a href="https://www.marketbeat.com/originals/what-buybacks-and-lower-rates-could-mean-for-restaurant-brands/">What Buybacks and Lower Rates Could Mean for Restaurant Brands</a>&quot; first appeared on MarketBeat.

Restaurants

General

What Buybacks and Lower Rates Could Mean for Restaurant Brands

STSS

Sharps Technology shares are trading lower after the company announced that it has entered into definitive agreements with institutional investors for a secured bridge loan financing of approximately $3.5 million.

Bitcoin&#8217;s (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) <a href="https://www.benzinga.com/money/bitcoin-price-prediction">breakout to $64,000</a> has been fueled by several reasons, according to a new Bernstein analyst note.
What Happened: The analysts cite rate cuts, bipartisan crypto support, Bitcoin ETF momentum, miner stability post-halving, and reduced selling pressure as catalysts for Bitcoin&#8217;s 9% seven-day spike. Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) has shown even stronger performance, up 17% on the week.
<ul>
<li>Rate cuts and fiscal policy: The <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40937057/bitcoin-ethereum-etfs-see-over-50m-net-outflows-despite-feds-50-bps-rate-cut">50-basis point rate cut</a>, and record-high gold prices have bolstered Bitcoin as an alternative asset. Bernstein notes that "Any signal of loose monetary policy and potentially weaker dollar, is positive for Bitcoin." Year-to-date (YTD), Bitcoin is up 45%, compared to gold's 27%.</li>
<li>Bipartisan crypto support: Both Kamala Harris and Donald Trump have signalled support for digital assets, though the crypto community seeks <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40972902/kamala-harris-finally-mentions-crypto-and-that-too-on-wall-street-promises-to-encourage-in">more policy clarity</a> from Harris given the current administration&#8217;s mixed track record.</li>
<li>Bitcoin ETF momentum: Despite price volatility, <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40976413/bitcoin-etf-surge-in-pre-market-as-king-crypto-hits-63-500">Bitcoin ETF inflows</a> remain positive, totalling $17 billion to date. Bernstein expects &#8220;re-acceleration of inflows&#8221; as more wirehouses approve the products.</li>
<li>Miner stability post-halving: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40985461/china-controls-55-of-bitcoin-hashrate-despite-crypto-ban-but-the-us-is-catching-up">Bitcoin network hash power</a> has rebounded to pre-halving levels around 630 EH/s, indicating miners have adjusted to reduced block rewards.</li>
<li>Reduced selling pressure: Major bitcoin sales by the German and U.S. governments have concluded, while MicroStrategy raised $2.1 billion to acquire more Bitcoin taking its holdings to 252,220 BTC (~1.3% of Bitcoin's total supply).</li>
</ul>
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40985125/bitcoins-on-chain-metrics-are-turning-bullish-what-is-going-on">Bitcoin&#8217;s On-Chain Metrics Are Turning Bullish: What Is Going On?</a>
<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/2024/03/29155259/905735A6-57D3-4874-9AA1-75D037842DB3-2.gif" alt="Benzinga Future of Digital Assets conference" class="wp-image-270548" /></a></figure>
Why It Matters: Bernstein sees potential upside for Bitcoin mining stocks, which have underperformed year-to-date. The analysts highlight opportunities in pure-play Bitcoin miners like Core Scientific (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CORZ#NASDAQ">CORZ</a>), Riot Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>), CleanSpark (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLSK#NASDAQ">CLSK</a>) and Marathon Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) that may be poised for a rebound.
The report also notes continued strength in crypto-exposed stocks like MicroStrategy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) is noted as &#8220;the most direct and largest market cap &#8211; leveraged equity proxy on Bitcoin price,&#8221; while Robinhood (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) is benefiting from increased crypto trading revenues.
As the crypto market digests these bullish factors, Bernstein&#8217;s analysis suggests the rally may have room to run, particularly if institutional adoption continues to grow through ETFs and other investment vehicles.
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:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40938429/raoul-pals-chief-crypto-analyst-says-the-bull-market-is-back-when-this-indicator-hits-45-i">Raoul Pal&#8217;s Chief Crypto Analyst Says The Bull Market Is Back When This Indicator Hits 45% (It&#8217;s Now At 11%)</a></li>
</ul>
Image: Shutterstock

$BTC

$ETH

CLSK

Core Scientific, Inc. - Class A Common Stock

CORZ

HOOD

MARA

MSTR

RIOT

5 Reasons Why Bitcoin Rallied 10% In 7 Days To $63K: Bernstein

GRRR

Gorilla Technology Group shares are trading higher after the company announced a strategic cooperation agreement with CS Energy Technology.

Gold has surged&nbsp;to a new all-time high, rising 33.5% over the past year to $2,583.64/oz. This is driven by easing inflation and expectations that the Federal Reserve will cut interest rates after recent data signaled a slowing U.S. economy. As inflation nears the Fed&#39;s 2% target, gold has become a go-to haven for investors looking to protect against potential economic turbulence. Silver has also followed suit, gaining just over 32% during the same period.
The weakening of the U.S. dollar, coupled with the anticipation of the Fed cutting interest rates this week, has pushed the price of gold higher. As a result, the popular SPDR Gold Shares ETF (ARCA:GLD) recently broke out of a multi-week consolidation phase and reached new all-time highs, bringing its YTD gains to an impressive 24.8%.&nbsp;
With gold&#39;s strong performance and the potential for continued upside, investors may look to capitalize on this momentum through gold-related stocks. Here are three options that could offer exposure to this trend.
<h2>SPDR Gold Shares ETF: A Simple Way to Invest in Gold</h2>
The SPDR Gold Shares ETF&nbsp;is one of the most popular and straightforward options for investors seeking exposure to gold&#39;s price movements. The ETF directly reflects the performance of gold bullion minus the Trust&#39;s expenses, which come in at a net expense ratio of 0.4%. This low cost makes GLD an attractive vehicle for gold exposure without the need to physically own or store the metal.
GLD has been riding gold&#39;s upward momentum, up almost 25% YTD. It recently reached new all-time highs, marking a significant move for the ETF. In terms of flows, GLD has attracted strong investor interest, with positive one-month net flows of 2.9% and three-month net flows of nearly 5%. This indicates that more investors are moving into the ETF, suggesting that the rally may still have room to run.
<h2>Newmont: The Largest Gold Mining Stock in the U.S.</h2>
Newmont (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nem#NYSE">NEM</a>) is the largest gold mining stock in the U.S. by market capitalization, standing at over $61 billion. As a global leader in gold production, Newmont also has interests in other metals like copper, silver, and zinc, making it a diversified player in the mining industry. The company&#39;s operations span the globe, with assets in the U.S., Canada, Australia, and South America.
NEM offers investors both growth and income potential, thanks to its 1.88% dividend yield, which provides steady cash flow even as its share price appreciates. The stock has performed exceptionally well in 2024, up nearly 30% YTD, and it currently trades just 2% away from its 52-week high. Analysts remain bullish on the stock, giving it a Moderate Buy rating based on 16 ratings. This bullish sentiment is partly driven by Newmont&#39;s projected earnings growth of 20.57% for the year, a significant factor supporting further upside.
Newmont&#39;s Q2 2024 earnings report was strong, with earnings per share (EPS) of $0.72, beating analysts&#39; estimates by $0.10. The company&#39;s quarterly revenue of $4.4 billion also exceeded expectations, marking a 64.1% year-over-year increase.&nbsp;
<h2>Barrick Gold: A Global Leader in Gold and Copper Production</h2>
Barrick Gold (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gold#NYSE">GOLD</a>), headquartered in Canada, is another global leader in gold production. The company has a market capitalization of nearly $36 billion and operates mines across North and South America, Africa, and Australia. While gold remains its primary focus, Barrick also has significant copper operations, providing exposure to an additional commodity with strong global demand.
The stock has a 1.95% dividend yield, offering a consistent income stream alongside its growth potential. Barrick&#39;s stock is up 13.4% YTD, and like Newmont, it is trading close to its 52-week high, just 2.8% away. Analysts are optimistic about Barrick, giving the stock a Moderate Buy rating, with a consensus price target that implies nearly 14% upside.
In its most recent earnings report, Barrick posted EPS of $0.32, beating consensus estimates of $0.27. The company&#39;s revenue also exceeded expectations at $3.16 billion, marking an 11.6% increase year-over-year. Barrick&#39;s diversified global presence, combined with its strong financial performance and upside potential, makes it a solid choice for investors seeking both income and growth in the gold sector.
The article &quot;<a href="https://www.marketbeat.com/stock-ideas/gold-hits-new-all-time-highs-3-stocks-to-ride-the-surge/">Gold Hits New All-Time Highs: 3 Stocks to Ride the Surge</a>&quot; first appeared on MarketBeat.

Earnings Beats

Sector ETFs

Commodities

Offerings

ETFs

GOLD

Gold Hits New All-Time Highs: 3 Stocks to Ride the Surge

Whales with a lot of money to spend have taken a noticeably bullish stance on Target.
Looking at options history for Target (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>) we detected 10 trades.
If we consider the specifics of each trade, it is accurate to state that 80% of the investors opened trades with bullish expectations and 10% with bearish.
From the overall spotted trades, 5 are puts, for a total amount of $245,006 and 5, calls, for a total amount of $584,354.
<h3>Expected Price Movements</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $145.0 to $165.0 for Target over the last 3 months. 
<h3>Analyzing Volume &amp; Open Interest</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 Target's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Target's substantial trades, within a strike price spectrum from $145.0 to $165.0 over the preceding 30 days.
<h3>Target Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727117154_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</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>TGT</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>12/20/24</td>
<td>$5.15</td>
<td>$5.05</td>
<td>$5.1</td>
<td>$165.00</td>
<td>$356.9K</td>
<td>2.0K</td>
<td style="text-align: right;">769</td>
</tr>
<tr>
<td>TGT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$7.5</td>
<td>$7.45</td>
<td>$7.45</td>
<td>$150.00</td>
<td>$83.4K</td>
<td>6.0K</td>
<td style="text-align: right;">113</td>
</tr>
<tr>
<td>TGT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$15.65</td>
<td>$15.4</td>
<td>$15.55</td>
<td>$145.00</td>
<td>$77.7K</td>
<td>1.8K</td>
<td style="text-align: right;">50</td>
</tr>
<tr>
<td>TGT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$2.43</td>
<td>$2.4</td>
<td>$2.43</td>
<td>$165.00</td>
<td>$67.3K</td>
<td>4.7K</td>
<td style="text-align: right;">595</td>
</tr>
<tr>
<td>TGT</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$16.65</td>
<td>$16.35</td>
<td>$16.35</td>
<td>$155.00</td>
<td>$52.3K</td>
<td>84</td>
<td style="text-align: right;">37</td>
</tr>
</tbody>
</table>

<h3>About Target</h3>
Target serves as the nation's seventh-largest retailer, with its strategy predicated on delivering a gratifying in-store shopping experience and a wide product assortment of trendy apparel, home goods, and household essentials at competitive prices. Target's upscale and stylish image began to carry national merit in the 1990s—a decade in which the brand saw its top line grow threefold to almost $30 billion—and has since cemented itself as a leading US retailer.Today, Target operates over 1,950 stores in the United States, generates over $100 billion in sales, and fulfills over 2 billion customer orders annually. The firm's vast physical footprint is typically concentrated in urban and suburban markets as the firm seeks to attract a more affluent consumer base.
In light of the recent options history for Target, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Present Market Standing of Target</h3>
<ul>
<li>With a volume of 1,255,058, the price of TGT is up 0.47% at $155.47. </li>
<li>RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.</li>
<li>Next earnings are expected to be released in 58 days.</li>
</ul>
<h3>Professional Analyst Ratings for Target</h3>
Over the past month, 3 industry analysts have shared their insights on this stock, proposing an average target price of $180.66666666666666.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Maintaining their stance, an analyst from JP Morgan continues to hold a Neutral rating for Target, targeting a price of $167. 
&#x2A; An analyst from Telsey Advisory Group persists with their Outperform rating on Target, maintaining a target price of $195. 
&#x2A; Reflecting concerns, an analyst from Melius Research lowers its rating to Buy with a new price target of $180.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Target, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Options

Smart Money Is Betting Big In TGT Options

High-rolling investors have positioned themselves bullish on Li Auto (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>), and it's important for retail traders to take note. 
\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 LI often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 17 options trades for Li Auto. This is not a typical pattern.
The sentiment among these major traders is split, with 64% bullish and 23% bearish. Among all the options we identified, there was one put, amounting to $43,000, and 16 calls, totaling $1,549,963.
<h3>What's The Price Target?</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $20.0 to $37.0 for Li Auto over the recent three months. 
<h3>Insights into Volume &amp; Open Interest</h3>
In terms of liquidity and interest, the mean open interest for Li Auto options trades today is 1837.75 with a total volume of 18,440.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Li Auto's big money trades within a strike price range of $20.0 to $37.0 over the last 30 days.
<h3>Li Auto Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727117148_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>LI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$3.5</td>
<td>$3.45</td>
<td>$3.45</td>
<td>$20.00</td>
<td>$270.4K</td>
<td>499</td>
<td>784</td>
</tr>
<tr>
<td>LI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$1.55</td>
<td>$1.5</td>
<td>$1.5</td>
<td>$25.00</td>
<td>$259.1K</td>
<td>622</td>
<td>2.0K</td>
</tr>
<tr>
<td>LI</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>$20.00</td>
<td>$211.2K</td>
<td>499</td>
<td>1.3K</td>
</tr>
<tr>
<td>LI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$2.02</td>
<td>$2.01</td>
<td>$2.02</td>
<td>$25.00</td>
<td>$202.2K</td>
<td>2.7K</td>
<td>1.1K</td>
</tr>
<tr>
<td>LI</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$3.9</td>
<td>$3.7</td>
<td>$3.83</td>
<td>$30.00</td>
<td>$124.4K</td>
<td>1.5K</td>
<td>326</td>
</tr>
</tbody>
</table>

<h3>About Li Auto</h3>
Li Auto is a leading Chinese NEV manufacturer that designs, develops, manufactures, and sells premium smart NEVs. The company started volume production of its first model Li One in November 2019. The model is a six-seater, large, premium plug-in electric SUV equipped with a range extension system and advanced smart vehicle solutions. It sold over 376,000 NEVs in 2023, accounting for about 4% of China's passenger new energy vehicle market. Beyond Li One, the company expands its product line, including both BEVs and PHEVs, to target a broader consumer base.
Having examined the options trading patterns of Li Auto, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Current Position of Li Auto</h3>
<ul>
<li>With a volume of 4,742,920, the price of LI is up 3.53% at $22.3. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 45 days.</li>
</ul>
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>.
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 Li Auto with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Check Out What Whales Are Doing With Li Auto

Investors with a lot of money to spend have taken a bullish stance on Lululemon Athletica (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</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 LULU, 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 17 uncommon options trades for Lululemon Athletica.
This isn't normal.
The overall sentiment of these big-money traders is split between 58% bullish and 41%, bearish.
Out of all of the special options we uncovered, 10 are puts, for a total amount of $482,385, and 7 are calls, for a total amount of $241,665.
<h3>Projected Price Targets</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $210.0 to $280.0 for Lululemon Athletica over the recent three months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
In today's trading context, the average open interest for options of Lululemon Athletica stands at 576.0, with a total volume reaching 871.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Lululemon Athletica, situated within the strike price corridor from $210.0 to $280.0, throughout the last 30 days.
<h3>Lululemon Athletica Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727117143_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</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>LULU</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$20.55</td>
<td>$20.4</td>
<td>$20.4</td>
<td>$250.00</td>
<td>$65.2K</td>
<td>419</td>
<td style="text-align: right;">32</td>
</tr>
<tr>
<td>LULU</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/11/24</td>
<td>$3.15</td>
<td>$2.75</td>
<td>$2.75</td>
<td>$245.00</td>
<td>$65.1K</td>
<td>49</td>
<td style="text-align: right;">247</td>
</tr>
<tr>
<td>LULU</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$24.45</td>
<td>$24.05</td>
<td>$24.45</td>
<td>$270.00</td>
<td>$63.5K</td>
<td>293</td>
<td style="text-align: right;">55</td>
</tr>
<tr>
<td>LULU</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$15.05</td>
<td>$14.8</td>
<td>$14.8</td>
<td>$250.00</td>
<td>$57.7K</td>
<td>1.8K</td>
<td style="text-align: right;">41</td>
</tr>
<tr>
<td>LULU</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$24.45</td>
<td>$24.35</td>
<td>$24.35</td>
<td>$270.00</td>
<td>$53.5K</td>
<td>293</td>
<td style="text-align: right;">77</td>
</tr>
</tbody>
</table>

<h3>About Lululemon Athletica</h3>
Lululemon Athletica designs, distributes, and markets athletic apparel, footwear, and accessories for women, men, and girls. Lululemon offers pants, shorts, tops, and jackets for both leisure and athletic activities such as yoga and running. The company also sells fitness accessories, such as bags, yoga mats, and equipment. Lululemon sells its products through more than 700 company-owned stores in about 20 countries, e-commerce, outlets, and wholesale accounts. The company was founded in 1998 and is based in Vancouver, Canada.
Having examined the options trading patterns of Lululemon Athletica, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Where Is Lululemon Athletica Standing Right Now?</h3>
<ul>
<li>With a volume of 780,621, the price of LULU is down -0.26% at $261.93. </li>
<li>RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.</li>
<li>Next earnings are expected to be released in 73 days.</li>
</ul>
<h3>Expert Opinions on Lululemon Athletica</h3>
5 market experts have recently issued ratings for this stock, with a consensus target price of $342.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Wedbush persists with their Outperform rating on Lululemon Athletica, maintaining a target price of $324. 
&#x2A; An analyst from TD Cowen persists with their Buy rating on Lululemon Athletica, maintaining a target price of $375. 
&#x2A; Maintaining their stance, an analyst from Telsey Advisory Group continues to hold a Outperform rating for Lululemon Athletica, targeting a price of $360. 
&#x2A; An analyst from Morgan Stanley has decided to maintain their Overweight rating on Lululemon Athletica, which currently sits at a price target of $326. 
&#x2A; An analyst from Raymond James has decided to maintain their Outperform rating on Lululemon Athletica, which currently sits at a price target of $325. 
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 Lululemon Athletica options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

LULU

This Is What Whales Are Betting On Lululemon Athletica

SONM

Sonim Technologies shares are trading higher after the company announced a strategic distribution partnership with TCCM.

Smartsheet (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/smar#NYSE">SMAR</a>) is a smart buy because of its growth, operational quality, cash flow, and capital return. That&#39;s why private equity firms are in talks to buy it; they see deep value in the business and its stock. The takeaway is that Smartsheet will either get taken over at a premium to today&#39;s prices or won&#39;t. If it does, investors stand to make a quick 10%, and the gains will be greater if it doesn&#39;t.&nbsp;
What is Smartsheet? It is a cloud-based SaaS firm focused on workflow and project management. Clients include nearly 85% of the Fortune 500 and 90% of the Fortune 100, statistics which prove its utility for business. Firms looking to take over the business include a partnership between Vista Equity and Blackstone (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bx#NYSE">BX</a>), which are reported to be nearing finalization on an agreement worth $8 billion. If completed, it would be among the largest takeovers of the year. The $8 billion target price works out to about $56 per share or a nearly 10% premium to the market cap, with shares trading near $52.50.&nbsp;
<h2>Smartsheet Is Growing and Monetizes AI Today</h2>
Smartsheet reported a solid Q2 and gave guidance indicating strengths will continue through the year&#39;s end. Revenue growth is slowing, but the $276.6 reported is up 17% compared to last year and outpaced the consensus by 70 basis points on increasing client count and deepening service penetration. Subscription revenue, the company&#39;s core business, is up 19%, offset by an 8% decline in Professional Services.&nbsp;
The critical details concerning revenue are the 17% increase in ARR and 113% net retention rate, which point to sustained growth at current levels as the client count grows and existing clients lean into expanded services. Regarding the client count, the number of clients contributing more than $100K in ARR grew by 23%, followed by a 17% increase in clients contributing more than $500K in ARR and a 6% increase in small businesses.&nbsp;
The margin news is the best in the report, with GAAP and adjusted margin improving at all levels. Adjusted margin, which matters regarding cash flow, improved by 800 basis points to 16%, doubling last year&#39;s results. The net result is a GAAP profit of $0.06 compared to last year&#39;s losses, and adjusted EPS is up nearly 3x to $0.44, beating the consensus by 5000 basis points or 50% better-than-expected. The cash flow and FCF set records with FCF of $57.2 million, or 21% of the revenue, and are expected to remain strong for the foreseeable future.&nbsp;
<h2>Smartsheet Gives Cautious Guidance, Shares Rise</h2>
The only bad news in Smartsheet&#39;s report is the guidance, and even that is not bad, only in alignment with the robust analysts&#39; expectations. The company expects sequential and YoY revenue growth, with YoY growth slowing to a pace of 15% to 16%, a low bar to beat. The earnings are expected to run near $1.375 for the year, which is also a low bar to beat, given the momentum in revenue growth and widening margin and a primary reason analysts lifted their price targets for the stock.&nbsp;
MarketBeat.com tracked 10 analyst revisions the first day after the release, with 80% raising their price targets and the two outliers reiterating targets above the consensus. The 10 lead to the high-end range, or another 4% to 5% upside, in addition to the 5% implied by the consensus. A move to consensus would set a multi-year high and break the market out of its consolidation range, setting it up to continue higher in 2024.&nbsp;
The technical action is suggestive. The market is moving up from the bottom of a range and is on track to break out of the range and set new highs. The current highs are providing resistance but may be broken soon. If so, the technical targets are the magnitude of the trading range added to the breakout point or a gain of $26 at the low end. The high-end target is the range magnitude as a percentage of the price or 100% from low to high. Adding that to the breakout point puts this stock above $100.
<img alt="Smartsheet SMAR stock chart" class="aligncenter" src="https://www.marketbeat.com/logos/articles/med_20240917082011_chart-9172024.png" style="height:426px; width:917px" />
The article &quot;<a href="https://www.marketbeat.com/originals/smartsheet-is-a-smart-buy-for-traders-and-investors-heres-why/">Smartsheet Is a Smart Buy for Traders and Investors: Here&#39;s Why</a>&quot; first appeared on MarketBeat.

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Tech

SMAR

Smartsheet Is a Smart Buy for Traders and Investors: Here's Why

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