옵션 체인은 다양한 행사가격과 만기일에 대한 Meituan의 주식 옵션 주요 데이터를 보여줍니다. 트레이더들은 이 정보를 사용하여 잠재적 거래를 분석하고 Meituan에 대한 시장 심리를 평가합니다..

Meituan (OTC:MPNGY) 주식, 옵션 체인

Meituan is the largest food delivery service in China, with a 70.7% share of the market in 2020 per the Chinese government. For the year ended 2023, the firm generated 58% of revenue from on-demand services, 17% from hotel booking, coupon sales, advertising, and 25% from new initiatives. In the long term, its new initiatives business may transform the company into an all-encompassing grocer and logistics business involving community group buying, nonfood delivery, and online grocery, overtaking food delivery as its main business.

News

Tech

Media

BABA

MPNGF

MPNGY

NVDA

중국의 주요 기술 기업인 알리바바(NYSE:BABA), 바이트댄스, 메이투안(OTC:MPNGY)(OTC:MPNGF) 등이 실리콘밸리에서 인공지능(AI) 팀을 확장하고 있는 것으로 알려졌다.

알리바바, 바이트댄스, 메이투안 등 中 기술 대기업들, 실리콘밸리에서 AI 팀 확장 중인 이유는?

Meituan

Move over, software darlings. The future of tech is being etched in silicon, and chipmakers like NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and Broadcom Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) are <a href="https://www.benzinga.com/topic/artificial-intelligence">writing the playbook</a>.
Howard Chan, founder and CEO of Kurv Investment Management, shared his exclusive insights with Benzinga, highlighting a sector where he said demand is outstripping supply: "We still favor the hardware or infrastructure side of the AI wave. Chipmakers and cloud computing service providers benefit from existing and future budgeted capital expenditure allocation."
<h1 class="wp-block-heading">Is The Nasdaq-100 Overheating?</h1>
Tech valuations have soared, leaving some investors wondering if growth can keep up. 
"Consensus EPS growth is 21% for Nasdaq-100, up from 15% this year. That might be a tall order, but, after all, they have delivered this for the past&#8230; 20 years,&#8221; Chan said.
Unlike other sectors buckling under high interest rates, tech titans boast robust balance sheets, giving them a cushion. Chan flags the second quarter as pivotal: "The base effect on EPS growth rates will be most obvious in Q2 when the rolling 12-month EPS might bottom."
Read Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42561047/amazon-meta-alphabet-spotify-lead-jpmorgans-2025-tech-picks-for-ai-potential">Amazon, Meta, Alphabet, Spotify Lead JPMorgan&#8217;s 2025 Tech Picks For AI Potential</a>
<h1 class="wp-block-heading">NVDA, AVGO: The Tech Titans To Watch</h1>
Hardware companies such as Nvidia and Broadcom are uniquely positioned to lead the AI boom, according to Chan. "The demand for compute still outstrips the ability of makers to meet that demand. There's small sign of new entrants. However, it will take time for them to catch up."
For investors tracking the sustainability of these gains, Chan offers a roadmap: "For hardware [NVDA/AVGO]: demand from the likes of TSLA/GOOGL/AMZN/META/MSFT."
<h1 class="wp-block-heading">AI: Beyond Tech</h1>
AI's impact isn't confined to tech. Chan sees a ripple effect, particularly in biotech and construction. "Directly, productivity will rise in service industries, although this might take a while as people need to be trained on it." 
Indirectly, AI investments will cascade into non-tech sectors, like construction, as companies expand to meet rising demand, he said. 
As the AI revolution heats up, Nvidia and Broadcom stand as the architects of the next wave, bridging the gap between soaring demand and supply constraints. With EPS growth expectations riding high and demand signals flashing green, the road ahead for tech's chipmakers may be paved in silicon gold.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/24/12/42569479/openai-takes-a-page-from-googles-2007-playbook-by-turning-phones-into-an-ai-hotline-with-toll-free-number-1-800-chatgpt">OpenAI Takes A Page From Google&#8217;s 2007 Playbook, Turns Phones Into AI Hotlines With 1-800-CHATGPT</a></li>
</ul>
Photo: Shutterstock

Analyst Color

Long Ideas

Exclusives

Analyst Ratings

Trading Ideas

Interview

AVGO

EXCLUSIVE: Nvidia, Broadcom Tipped To Dominate AI Compute Wave By Kurv CEO

Barclays analyst Jared Shaw maintains East West Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EWBC#NASDAQ">EWBC</a>) with a Overweight and raises the price target from $120 to $125.

Price Target

EWBC

Barclays Maintains Overweight on East West Bancorp, Raises Price Target to $125

Despite a 9% price drop, optimism among XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>) traders remains strong, with many holding their positions and <a href="https://www.benzinga.com/money/ripple-xrp-price-prediction">anticipating upward momentum</a>.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Price&nbsp;&nbsp;&nbsp;</td>
<td>Market Cap</td>
<td>24-Hour Trend</td>
<td>7-Day Trend</td>
</tr>
<tr>
<td>XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>)</td>
<td>&nbsp;$2.26</td>
<td>$129.08 billion</td>
<td>-8.8%&nbsp;</td>
<td>-6.3%&nbsp;</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>&nbsp;$98,630.61</td>
<td>$1.95 trillion</td>
<td>-5.8%&nbsp;</td>
<td>-2.8%&nbsp;</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)</td>
<td>&nbsp;$3,474.60</td>
<td>$418.8 billion</td>
<td>-10.5%&nbsp;</td>
<td>-11.8%&nbsp;</td>
</tr>
</tbody>
</table>
</figure>
Trader Notes: Crypto trader Javon Marks <a href="https://x.com/JavonTM1/status/1869549362671677783">reflected</a> reflected on XRP's previous bull cycle, during which it achieved a 600x increase.
 He suggests XRP could repeat this performance, potentially climbing 6,800% to around $168 in the current cycle.
Many traders revealed their personal holdings:
<ul>
<li>Doctor Profit <a href="https://x.com/DrProfitCrypto/status/1869693291941511268">pointed</a> out that XRP was overbought on smaller timeframes, signaling an imminent correction. Since his short entry, XRP has dropped 17%, prompting him to secure profits on half his position while holding his long-term spot holdings.</li>
<li>CrediBULL Crypto took a long position after XRP reached an optimal trade entry zone on lower timeframes, <a href="https://x.com/CredibleCrypto/status/1869569451626229945">expressing</a> hope for a rebound.</li>
<li>Blockchainedbb <a href="https://x.com/blockchainedbb/status/1869757817340743867">exited</a> XRP after achieving a 300% gain from his entry price. He plans to re-enter at $1.5–$1.7, maintaining a final target of $7.</li>
</ul>
Statistics: Crypto analyst Ali Martinez <a href="https://x.com/ali_charts/status/1869773183836139733">reported</a> that whales purchased an additional 110 million XRP in the past 24 hours.
Community News: In a Dec. 19 <a href="https://www.youtube.com/watch?v=YFGGA1NZ5Sk">interview</a> with eToro, Ripple CEO Brad Garlinghouse discussed the company's use of stablecoins like USDC and Tether, highlighting that Ripple once minted 20% of all USDC.
Garlinghouse emphasized that stablecoin regulation could position Ripple's RLUSD stablecoin as a key driver for XRP's next rally.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/top-stories/24/12/42531943/xrp-price-soars-12-to-268-what-is-going-on">XRP Price Soars 12% To $2.68: What Is Going On With Ripple?</a></li>
</ul>
Image: Shutterstock

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

Cryptocurrency

$BTC

$ETH

$XRP

XRP Price Down 9%% But Ripple CEO Brad Garlinghouse Eyes RLUSD To Fuel Future Rally

WIIM

OKLO

Oklo shares are trading higher after Wedbush initiated coverage on the stock with an Outperform rating on the stock and announced a $25 price target.

In the current market session, Merit Medical Systems Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MMSI#NASDAQ">MMSI</a>) share price is at $97.14, after a 0.01% increase. Moreover, over the past month, the stock decreased by 7.52%, but in the past year, went up by 28.50%. Shareholders might be interested in knowing whether the stock is overvalued, even if the company is performing up to par in the current session. 

<img src="https://www.benzinga.com/files/images/story/2024/1734632112_0.png" alt="Past Year Chart" />

<h3>Comparing Merit Medical Systems P/E Against Its Peers</h3>
The P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E could indicate that shareholders do not expect the stock to perform better in the future or it could mean that the company is undervalued. 
Compared to the aggregate P/E ratio of 44.09 in the Health Care Equipment &amp; Supplies industry, Merit Medical Systems Inc. has a higher P/E ratio of 47.38. Shareholders might be inclined to think that Merit Medical Systems Inc. might perform better than its industry group. It's also possible that the stock is overvalued. 

<img src="https://www.benzinga.com/files/images/story/2024/1734632112_1.png" alt="Guage" />

In conclusion, the price-to-earnings ratio is a useful metric for analyzing a company's market performance, but it has its limitations. While a lower P/E can indicate that a company is undervalued, it can also suggest that shareholders do not expect future growth. Additionally, the P/E ratio should not be used in isolation, as other factors such as industry trends and business cycles can also impact a company's stock price. Therefore, investors should use the P/E ratio in conjunction with other financial metrics and qualitative analysis to make informed investment decisions.

Intraday Update

Markets

MMSI

Price Over Earnings Overview: Merit Medical Systems

Wordware, a full-stack operating system for <a href="https://www.benzinga.com/24/12/42310501/playstation-bosses-speaks-about-the-future-of-ai-in-gaming-why-human-creativity-will-always-be-essential-in-game-development">AI development</a>, has secured a $30 million seed round in just seven days. According to Forbes, the round was led by Spark Capital and included participation from Felicis, Y Combinator, Day One Ventures and renowned angel investors such as Paul Graham, Vlad Magdalin (Webflow), Mathilde Collin (Front) and Paul Daugherty (Accenture).&nbsp;
This milestone represents one of the largest seed rounds in <a href="https://www.benzinga.com/news/24/09/40673093/y-combinators-paul-graham-recalls-when-airbnb-ceo-brian-chesky-found-success-by-imitating-this-steve">Y Combinator</a>'s history and signals strong confidence in Wordware's mission to make AI development more accessible to businesses globally.&nbsp;
Don't Miss:
<ul>
<li>The global games market is projected to generate $272B by the end of the year —<a href="https://www.benzinga.com/money/gameflip"> for $0.55/share, this VC-backed startup with a 7M+ userbase gives investors easy access to this asset market.</a></li>
<li>Deloitte's fastest-growing software company partnered with Amazon, Walmart &amp; Target announces the deadline to invest this year is 12/20. – <a href="https://www.benzinga.com/money/mode-mobile-2">Last Chance to get 4,000 of its pre-IPO shares for just $0.26/share!</a></li>
</ul>
<h2 class="wp-block-heading">Empowering AI Innovation Through Natural Language</h2>
Wordware seeks to transform AI development by introducing plain English as the new programming language for building AI agents. This will allow better collaboration between domain experts and engineers, drastically reducing the time required to create AI solutions.
"Excel gave us power over numbers. Notion gave us power over information. Wordware gives us power over AI. We're creating the new standard for encoding human expertise into AI systems," Filip Kozera, cofounder and CEO of Wordware, told Forbes.
Wordware offers a unified development platform that allows businesses to build sophisticated AI workflows without extensive coding knowledge. Using this model, startups and established enterprises leverage Wordware to streamline operations and deploy AI-driven solutions.
See Also: It&#8217;s no wonder Jeff Bezos holds over $70 million in art — <a href="https://www.benzinga.com/money/masterworks">this alternative asset has outpaced the S&amp;P 500 since 1995, delivering an average annual return of 11.4%. Here&#8217;s how everyday investors are getting started.</a>
<h2 class="wp-block-heading">The Founders and Their Vision</h2>
Filip Kozera and Robert Chandler founded the company. The two met while studying deep learning at the University of Cambridge, according to Wordware's website. Their shared passion for artificial intelligence laid the foundation for their partnership. Before founding Wordware, Kozera launched a company focused on augmenting human memory while Chandler led machine learning operations for Five AI, a self-driving technology company later acquired by Bosch.
Their vision became clear as large language models (LLMs) like GPT-3 and GPT-4 began to showcase unprecedented reasoning capabilities. This inspired Kozera and Chandler to reimagine how AI solutions are built.
Trending: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing —<a href="https://www.benzinga.com/money/boxabl"> you can become an investor for $0.80 per share today.</a>
<h2 class="wp-block-heading">Rapid Growth and Record-Breaking Success</h2>
The company's journey through Y Combinator showcased the team's ingenuity and market potential. Even before Demo Day, the company had secured multiple term sheets, reflecting investor enthusiasm. By the time the seed round closed, Wordware had raised 15 times the average Y Combinator seed size, according to Forbes.
A highly successful Product Hunt launch fueled this rapid growth. Within weeks, Wordware's early AI application garnered 350,000 users and increased revenue 20-fold.
Nabeel Hyatt, General Partner at Spark Capital, praised the platform's ability to simplify AI development while supporting complex workflows. "Simple is hard to do right. And we were just so impressed by how the Wordware team made AI application development as simple to understand as a Notion document," he told Forbes.
Trending: Inspired by Uber and Airbnb &#8211; Deloitte's fastest-growing software company is transforming 7 billion smartphones into income-generating assets &#8211; <a href="https://www.benzinga.com/money/mode-mobile-2">The deadline to invest and receive your shares this year is 12/20. Join 30,000+ shareholders and invest at $0.26/share today.</a>
<h2 class="wp-block-heading">Unlocking Workplace Potential</h2>
Wordware addresses <a href="https://www.benzinga.com/personal-finance/24/11/42250885/gen-zers-are-being-fired-just-months-after-getting-hired-employers-cite-lack-of-motivation-poor-communication-and-unprofessional-behavior">workplace inefficiencies</a> by empowering employees to automate mundane tasks and focus on creative and strategic thinking. According to PwC, a leading professional services network, 90% of workers are stuck in repetitive tasks, which Gallup says costs the global economy $8.9 trillion annually.
"Today's workplace isn't just inefficient – it's actively suppressing human potential," Kozera explains. By democratizing AI development, Kozera says that Wordware is unlocking a new workplace productivity and innovation era.
<h2 class="wp-block-heading">A Platform for the Future</h2>
With a record-breaking seed round secured, Wordware is poised to revolutionize how businesses and individuals build and deploy AI solutions. The platform's expansion in 2025 will allow more users to harness its capabilities, making AI tools as accessible as any modern software platform.
As AI continues to shape industries worldwide, Wordware sets a new standard, ensuring that <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42488785/mks-instruments-is-gaining-traction-in-advanced-technologies-analyst-says">advanced technology</a> remains within reach for innovators at every level.
Read Next:
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<li>If there was a new fund backed by Jeff Bezos offering a <a href="https://www.benzinga.com/money/arrived-private-credit-fund">7-9% target yield with monthly dividends would you invest in it</a>?</li>
<li>‘Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones.  <a href="https://www.benzinga.com/money/mode-mobile-2">The deadline to invest and receive your shares this year is 12/20. Join 30,000+ shareholders and invest at $0.26/share today.</a></li>
</ul>

Startups

Revolutionizing AI: First Full-Stack OS For Development Announces $30 Million Seed Backed By Top Investors

Trio Petroleum Corp. (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/TPET#AMEX">TPET</a>) stock is moving higher on Thursday after the company announced that it will acquire certain petroleum and natural gas <a href="https://www.benzinga.com//node/42577189">properties held</a> by Novacor Exploration Ltd.
The Details: Trio signed a non-binding letter of intent with Novacor under which the company would pay $1.4 million for 100% working interest in the assets, payable with $650,000 in cash and the remainder in shares of common stock of Trio.
The properties, located in Saskatchewan, Canada, currently feature seven producing wells. The assets produce 70 barrels per day of heavy crude oil from cash-flow-positive wells, with royalty obligations ranging from 13.5% to 15% and a 2% gross overriding royalty. 
Production could double with four re-entry wells and two reactivations, each costing $30,000 and expected to add 10 bpd. A reserve report prepared in August 2024 by Petrotech and Associates estimates 91.5 MBBL of total proved and probable oil reserves for the currently producing wells.
&#8220;We are excited to acquire an initial footprint in this very lucrative oil and gas area of Canada and home to some of the largest players in the industry such as Cenovus Energy, Canadian Natural Resources, Baytex Energy, Rife Resources and many others who have made Heavy Oil a staple of their operation, and where numerous opportunities to acquire additional highly economic fields exist,&#8221; stated Robin Ross, Trio&#8217;s CEO.
See Also: <a href="https://www.benzinga.com/24/12/42598636/gold-falls-sharply-lamb-weston-shares-plunge">Gold Falls Sharply, Lamb Weston Shares Plunge</a>
TPET Price Action: At the time of publication, Trio stock is trading 145% higher at $2.00, according to data from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.
Image: Photo via Shutterstock

Movers

TPET

What's Going On With Trio Petroleum Stock Thursday?

D.A. Davidson &amp; Co. analyst Alexander Platt initiated coverage on IonQ, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IONQ#NYSE">IONQ</a>) with a Buy rating <a target="_blank" href="https://www.benzinga.com/quote/IONQ/analyst-ratings" rel="noreferrer noopener">and price target of $50</a>.
The analyst sees IonQ as a standout pure-play investment poised to benefit from the quantum computing sector&#8217;s rapid expansion, fueled by the limitations of classical computing in tackling complex problems.
IonQ&#8217;s core advantage lies in its trapped-ion qubit architecture, which delivers superior reliability, accuracy, and scalability compared to rival designs, adds the analyst.
Platt says that unlike IBM, Google, and others facing challenges with inconsistencies and short operational lifespans, IonQ leverages stable atomic properties for greater precision and extended performance times.
This approach reduces errors, enables more complex calculations, and simplifies system connectivity, allowing IonQ to tackle a wider array of problems effectively, writes the analyst.
The analyst says that Quantum Computing as a Service offers significant growth potential by providing access to quantum processing units without the need for upfront hardware investment.
IonQ&#8217;s Quantum Cloud platform and Hybrid Services allow enterprises to leverage quantum-enhanced solutions and integrate quantum and classical computing, adds the analyst.
Investors can gain exposure to the stock via Defiance Quantum ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QTUM#NASDAQ">QTUM</a>) and Spear Alpha ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPRX#NASDAQ">SPRX</a>).
Price Action: IONQ shares are down 0.67% at $37.25 at the last check Thursday.
Read Next:
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<li><a href="https://www.benzinga.com/general/market-summary/24/12/42569883/quantum-computing-rigetti-d-wave-skyrocket-up-to-300-in-5-sessions-after-google-unveils-willow-chip-but-analysts-urge-caution-not-every-tiktok-guitarist-is-the-next-taylor-swift" target="_blank" rel="noreferrer noopener">Quantum Computing, Rigetti, D-Wave Skyrocket Up To 300% In 5 Sessions After Google Unveils Willow Chip, But Analysts Urge Caution: &#8216;Not Every TikTok Guitarist Is The Next Taylor Swift&#8217;</a></li>
</ul>
Image: Courtesy of IonQ.

Equities

Mid Cap

Initiation

IONQ

QTUM

SPRX

IonQ Positioned To Dominate Quantum Computing Era: Analyst Highlights Unique Trapped-Ion Advantage

On Thursday, Vertex Pharmaceuticals Incorporated&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRTX#NASDAQ">VRTX</a>) announced results from its Phase 2 study of suzetrigine for painful lumbosacral radiculopathy (LSR), a disorder that causes pain in the lower back and hip&nbsp;that radiates down the back of the thigh into the leg.
The study met its primary endpoint with a statistically significant and clinically meaningful reduction in pain on the numeric<a target="_blank" href="https://www.benzinga.com/pressreleases/24/12/b42571378/vertex-announces-results-from-phase-2-study-of-suzetrigine-for-the-treatment-of-painful-lumbosacra" rel="noreferrer noopener"> pain rating scale (NPRS)</a>.
The suzetrigine arm showed a statistically significant and clinically meaningful within-group reduction in pain from baseline, with a mean change in NPRS at Week 12 of -2.02.
Also Read: <a target="_blank" href="https://www.benzinga.com/general/biotech/24/12/42396975/vertex-has-5-billion-plus-opportunity-in-pain-and-kidney-disease-programs-analyst-upgrades-stock" rel="noreferrer noopener">Vertex Has $5 Billion-Plus Opportunity In Pain And Kidney Disease Programs, Analyst Upgrades Stock</a>
The study also included a placebo reference arm, which showed a similar within-group reduction in pain from baseline, with a mean change in NPRS at Week 12 of -1.98.
Secondary and other endpoints were consistent with the study&#8217;s primary endpoint.
Vertex also conducted post-hoc analyses showing variability in the placebo response across study sites, a recognized issue in pain trials.
In the ~40% of sites that had lower placebo responses, the suzetrigine arm within-group reduction in pain was similar to the overall study and had greater separation from the placebo arm.
These analyses suggest that trial design innovation may better control the placebo response and separate the treatment effect of suzetrigine from placebo in future studies, which Vertex will incorporate as it designs the pivotal program.
Suzetrigine was generally well tolerated in the study. William Blair notes that Vertex plans to move suzetrigine into Phase 3 trials following discussions with regulators despite Phase 2 results not clearly outperforming a placebo.
The analyst questions the decision, citing concerns about the trial&#8217;s design and the small effect size, which could make it hard to ensure success.
Price Action: VRTX stock is down 13.4% at $387.37 at last check Thursday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/24/12/42598739/omeros-antibody-improves-overall-survival-in-rare-complication-after-stem-cell-transplant-stock-surges" target="_blank" rel="noreferrer noopener">Omeros Antibody Improves Overall Survival In Rare Complication After Stem Cell Transplant, Stock Surges</a></li>
</ul>

Biotech

Health Care

General

VRTX

Why Is Vertex Pharmaceuticals Stock Trading Lower On Thursday After Back Pain Trial Data?

Citigroup analyst Scott Gruber maintains Schlumberger (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLB#NYSE">SLB</a>) with a Buy and lowers the price target from $53 to $50.

Citigroup Maintains Buy on Schlumberger, Lowers Price Target to $50

Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and Rivian Automotive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) have been partners in an electric delivery van deal since the EV company <a href="https://www.benzinga.com/trading-ideas/long-ideas/21/11/24017625/amazon-doubling-down-on-rivian-ipo-what-investors-need-to-know">went public in 2021</a>. Here's a look at the recent milestone hit and what's next for both companies.
What Happened: Amazon partnered with Rivian, a <a href="https://www.benzinga.com/markets/equities/24/06/39529434/rivian-investor-day-highlights-ceo-scaringe-focuses-on-amazon-tesla-partnerships-says-ev-chargin">company it invested in</a> prior to the 2021 IPO, on a deal for 100,000 electric delivery vehicles with a goal to have all the vehicles on the road by 2030.
With six years left to go, Amazon is one-fifth of the way to that goal, which is part of an overall Climate Pledge to have net-zero carbon emissions by 2040.
Amazon had its first Rivian EDV on the road in 2022 and now has over 20,000 of the Rivian vehicles in its fleet, according to a report from <a href="https://www.teslarati.com/amazon-announces-major-milestone-in-ev-transition-with-rivian/amp/">Teslarati</a>.
While the majority of the vehicles are operating in the United States, Amazon is also using the electric delivery vans in Europe.
For Amazon, the use of the electric delivery vans gets the company closer to its goal of net-zero carbon emissions, while also making things more efficient for drivers.
In 2024, over one billion Amazon packages have been delivered using the Rivian electric delivery vans.
Read Also: <a href="https://www.benzinga.com/news/earnings/24/11/41825787/rivian-q3-earnings-highlights-revenue-eps-miss-ceo-confident-in-q4-gross-profit-r2-being-fundamenta">Rivian Q3 Earnings Highlights: Revenue, EPS Miss, CEO Confident In Q4 Gross Profit, R2 Being &#8216;Fundamental Driver&#8217; Of Growth</a>
What's Next: Though the 20,000 milestone may only be one-fifth of the way to the 100,000 goal, it has been rapidly increasing. In March 2023, Amazon had only 3,000 of the Rivian vans in its fleet according to the report.
Amazon will continue to anticipate deliveries of the Rivian vehicles to meet its climate goals and to streamline driver efficiency.
For Rivian, the Amazon 100,000 unit order remains a key priority and can help provide a strong cushion of production and delivery unit figures as it awaits its new consumer vehicle models.
Rivian CEO RJ Scaringe shared earlier this year that the electric delivery vans for Amazon rolled out slower than anticipated.
Back in November 2023, Rivian announced that it had <a href="https://www.benzinga.com/news/earnings/23/11/35659331/rivian-stock-upshifts-on-strong-q3-earnings-eps-beat-revenue-beat-increased-production-guidance-and">amended its deal</a> with Amazon to no longer be exclusive.
"We have amended our Amazon agreement with terms and conditions, which provide the opportunity to sell commercial vans to other customers, helping more companies reduce their CO2 emissions," Scaringe said at the time.
Rivian also said at the time that it was in "active discussions" with other potential EDV fleet customers. In December 2023, Rivian announced a deal with AT&amp;T Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>).
Amazon remains a large shareholder in Rivian with a reported stake of around 16%. The e-commerce leader will continue to collect deliveries of Rivian EDVs.
For Rivian, the company will deliver vehicles to Amazon and also look to diversify to other customers as it grows its EDV segment alongside its consumer vehicle division.
RIVN Price Action: Rivian stock is down 1% to $12.98 on Thursday versus a 52-week trading range of $8.26 to $24.61. Rivian stock is down 39% year-to-date in 2024 and down around 90% since its market debut in 2021.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/equities/23/10/35235038/rivian-ceo-rj-scaringe-reveals-big-question-jeff-bezos-had-before-amazon-picked-up-stake-in-ev-s">Rivian CEO RJ Scaringe Reveals Big Question Jeff Bezos Had Before Amazon Picked Up Stake In EV Startup: &#8216;Do We Understand The Chessboard?</a></li>
</ul>
Photo: Amazon

AMZN

RIVN

Amazon Has 20,000 Rivian Electric Delivery Vans In Fleet: Here's What Could Be Next For Both Companies

The story of Ilya Lichtenstein, known for his role in <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42055570/bitfinex-bitcoin-laundering-case-lands-crocodile-of-wall-street-in-jail">the Bitfinex hack</a>, and his wife Heather &#8220;Razzlekhan&#8221; Morgan has taken a new turn following the release of the Netflix documentary, &#8220;Biggest Heist Ever.&#8221;
In a video <a href="https://x.com/unrealdutch/status/1869713981591663003">statement </a>from jail, Lichtenstein confessed to his crimes, expressed regret, and outlined his future plans in cybersecurity, while Morgan pivots her notoriety into new entrepreneurial avenues.
Ilya Lichtenstein&#8217;s Confession:
In the wake of the documentary&#8217;s worldwide attention, Lichtenstein took the opportunity to set the record straight. &#8220;I hacked Bitfinex, I stole and laundered thousands of Bitcoin, and I am so sorry for everything,&#8221; he admitted, aiming to dismantle years of misinformation surrounding the hack. 
His statement reflects a deep sense of remorse as he looks to make amends, stating, &#8220;I can&#8217;t change the past, but I can and will do everything I can to make amends.&#8221;
Towards a Career In Cybersecurity:
Lichtenstein is planning to use his hacking skills for positive impact. &#8220;Nobody knows the dark web better than someone who has spent years navigating it,&#8221; he explained, aiming to leverage this knowledge in cybersecurity. 
His ambition to work in cybersecurity post-incarceration paints a narrative of redemption, suggesting that those with a background in hacking might contribute to digital security in meaningful ways.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42585798/stephen-colbert-jokes-fartcoin-is-silent-but-wealthy-as-meme-coin-hits-1-billion-all-time-high-valuation">Stephen Colbert Jokes Fartcoin Is &#8216;Silent But Wealthy&#8217; As Meme Coin Hits $1 Billion All-Time High Valuation</a>
Heather Morgan&#8217;s Cameo Venture:
Simultaneously, Heather Morgan, whose involvement in the Bitcoin laundering conspiracy led to her sentence, is taking her digital celebrity in a new direction. 
After the documentary heightened public interest in their story, Morgan started offering personalized videos on Cameo under her rapper alias &#8216;Razzlekhan.&#8217; 
This move not only leverages her infamy but also showcases the couple&#8217;s divergent paths towards rehabilitation and entrepreneurship.
Exploring Themes From The Documentary:
&#8220;Biggest Heist Ever&#8221; on Netflix brought to light several themes that resonate with current discussions in the crypto space:
<ul>
<li>Security Vulnerabilities: The documentary highlighted how even well-secured platforms like Bitfinex can be compromised, emphasizing the need for continual improvement in security protocols.</li>
<li>Investor Risk Awareness: The narrative serves as a stark reminder of the risks associated with digital assets, urging investors to be cautious and informed about where they store their cryptocurrencies.</li>
<li>Redemption and Repurposing: Lichtenstein&#8217;s pivot towards cybersecurity post-documentary reflects a broader narrative of how past misdeeds can be turned into opportunities for positive change.</li>
<li>Media Influence: The documentary&#8217;s portrayal of the couple has influenced public perception, providing a platform for both Lichtenstein&#8217;s plea for redemption and Morgan&#8217;s entrepreneurial endeavors.</li>
</ul>
Read Next: 
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42573095/bitcoin-reserve-could-call-us-solvency-into-question-critic-says-vaneck-exec-fires-back-this-is-loserthink">Bitcoin Reserve Could Call US Solvency Into Question Critic Says, VanEck Exec Fires Back: &#8216;This Is Loserthink&#8217;</a></li>
</ul>
Image: Shutterstock

Bitfinex Hacker Of 'Biggest Heist Ever' Documentary Takes Responsibility—But His Wife Has Other Ideas

Citigroup analyst Thomas Palmer maintains General Mills (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GIS#NYSE">GIS</a>) with a Neutral and lowers the price target from $71 to $67.

Citigroup Maintains Neutral on General Mills, Lowers Price Target to $67

Providing a diverse range of perspectives from bullish to bearish, 10 analysts have published ratings on Zymeworks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZYME#NASDAQ">ZYME</a>) in the last three months.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">2</td>
<td align="right">2</td>
<td align="right">6</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">2</td>
<td align="right">1</td>
<td align="right">3</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Insights from analysts' 12-month price targets are revealed, presenting an average target of $16.3, a high estimate of $28.00, and a low estimate of $12.00. Witnessing a positive shift, the current average has risen by 25.38% from the previous average price target of $13.00.
<img src="https://www.benzinga.com/files/images/story/2024/1734631264_0.png" alt="price target chart" />
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
The analysis of recent analyst actions sheds light on the perception of Zymeworks by financial experts. The following summary presents 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>Derek Archila</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$14.00</td>
<td>$12.00</td>
</tr>
<tr>
<td>Brian Cheng</td>
<td>JP Morgan</td>
<td>Announces</td>
<td>Overweight</td>
<td>$18.00</td>
<td>-</td>
</tr>
<tr>
<td>Robert Burns</td>
<td>HC Wainwright &amp; Co.</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$12.00</td>
<td>$12.00</td>
</tr>
<tr>
<td>Andrew Berens</td>
<td>Leerink Partners</td>
<td>Raises</td>
<td>Outperform</td>
<td>$25.00</td>
<td>$10.00</td>
</tr>
<tr>
<td>Yigal Nochomovitz</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$18.00</td>
<td>$16.00</td>
</tr>
<tr>
<td>Robert Burns</td>
<td>HC Wainwright &amp; Co.</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$12.00</td>
<td>$12.00</td>
</tr>
<tr>
<td>Derek Archila</td>
<td>Wells Fargo</td>
<td>Maintains</td>
<td>Equal-Weight</td>
<td>$12.00</td>
<td>$12.00</td>
</tr>
<tr>
<td>Stephen Willey</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$28.00</td>
<td>$21.00</td>
</tr>
<tr>
<td>Robert Burns</td>
<td>HC Wainwright &amp; Co.</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$12.00</td>
<td>$12.00</td>
</tr>
<tr>
<td>Robert Burns</td>
<td>HC Wainwright &amp; Co.</td>
<td>Raises</td>
<td>Neutral</td>
<td>$12.00</td>
<td>$10.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Zymeworks. This information offers a snapshot of how analysts perceive 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 Zymeworks compared to the broader market.</li>
<li>Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Zymeworks's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Zymeworks's market standing. Stay informed and make data-driven decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/ZYME/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Zymeworks analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>Unveiling the Story Behind Zymeworks</h2>
Zymeworks Inc is a clinical-stage biopharmaceutical company dedicated to the discovery, development and commercialization of next-generation multifunctional biotherapeutics. Its suite of therapeutic platforms and its fully integrated drug development engine enables precise engineering of differentiated product candidates. Its clinical candidate, zanidatamab, is a novel Azymetric HER2-targeted bispecific antibody currently being evaluated in multiple Phase 1, Phase 2, and pivotal clinical trials globally as a targeted treatment option for patients with solid tumors that express HER2. The company is also advancing a deep preclinical pipeline in oncology and other therapeutic areas.
<h3>Zymeworks's Financial Performance</h3>
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Negative Revenue Trend: Examining Zymeworks's financials over 3 months reveals challenges. As of 30 September, 2024, the company experienced a decline of approximately -3.07% in revenue growth, reflecting a decrease in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Health Care sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of -186.56%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of -7.72%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): Zymeworks's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of -5.95%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: Zymeworks's debt-to-equity ratio is below the industry average at 0.06, reflecting a lower dependency on debt financing and a more conservative financial approach.
<h2>How Are Analyst Ratings Determined?</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
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.

ZYME

Deep Dive Into Zymeworks Stock: Analyst Perspectives (10 Ratings)

Piper Sandler analyst Arvind Ramnani maintains Accenture (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>) with a Overweight and raises the price target from $422 to $429.

Piper Sandler Maintains Overweight on Accenture, Raises Price Target to $429

During the last three months, 5 analysts shared their evaluations of Churchill Downs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHDN#NASDAQ">CHDN</a>), revealing diverse outlooks from bullish to bearish.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">1</td>
<td align="right">4</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
The 12-month price targets, analyzed by analysts, offer insights with an average target of $163.2, a high estimate of $168.00, and a low estimate of $151.00. The current average, unchanged from the previous average price target, holds steady. 
<img src="https://www.benzinga.com/files/images/story/2024/1734631253_0.png" alt="price target chart" />
<h2>Understanding Analyst Ratings: A Comprehensive Breakdown</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive Churchill Downs. 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>Jordan Bender</td>
<td>JMP Securities</td>
<td>Maintains</td>
<td>Market Outperform</td>
<td>$166.00</td>
<td>$166.00</td>
</tr>
<tr>
<td>Barry Jonas</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$165.00</td>
<td>$166.00</td>
</tr>
<tr>
<td>Ben Chaiken</td>
<td>Mizuho</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$151.00</td>
<td>$157.00</td>
</tr>
<tr>
<td>Daniel Politzer</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$168.00</td>
<td>$161.00</td>
</tr>
<tr>
<td>Jordan Bender</td>
<td>JMP Securities</td>
<td>Maintains</td>
<td>Market Outperform</td>
<td>$166.00</td>
<td>$166.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Churchill Downs. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Churchill Downs compared to the broader market.</li>
<li>Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Churchill Downs's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Churchill Downs's market position. Stay informed and make well-informed decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/CHDN/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Churchill Downs analyst ratings.</a>
<h2>All You Need to Know About Churchill Downs</h2>
Churchill Downs Inc is a gaming entertainment, online wagering, and racing company. It operates through three business segments: Live and Historical Racing, TwinSpires, and Gaming. The Live and Historical Racing segment includes live and historical pari-mutuel racing. The TwinSpires segment includes the revenue and expenses for online horse racing and the online and retail sports betting and iGaming wagering business. The Gaming segment includes revenue and expenses for the casino properties and associated racetracks that support the casino license. The Gaming segment generates revenue and expenses from slot machines, table games, video lottery terminals, video poker, HRMs, ancillary food and beverage services, hotel services, commission on pari-mutuel wagering, and racing events.
<h3>Churchill Downs's Economic Impact: An Analysis</h3>
Market Capitalization Analysis: The company's market capitalization surpasses industry averages, showcasing a dominant size relative to peers and suggesting a strong market position.
Revenue Growth: Churchill Downs displayed positive results in 3 months. As of 30 September, 2024, the company achieved a solid revenue growth rate of approximately 9.78%. This indicates a notable increase in the company's top-line earnings. When compared to others in the Consumer Discretionary sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: Churchill Downs's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 10.41% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Churchill Downs's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 6.15% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Churchill Downs's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 0.91%, the company showcases efficient use of assets and strong financial health.
Debt Management: Churchill Downs's debt-to-equity ratio is below the industry average. With a ratio of 4.41, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>What Are Analyst Ratings?</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a 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>.
Breaking: Wall Street's Next Big Mover
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

CHDN

A Glimpse Into The Expert Outlook On Churchill Downs Through 5 Analysts

In the preceding three months, 12 analysts have released ratings for Western Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDC#NASDAQ">WDC</a>), presenting a wide array of perspectives from bullish to bearish.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">5</td>
<td align="right">6</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">2</td>
<td align="right">4</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Insights from analysts' 12-month price targets are revealed, presenting an average target of $92.08, a high estimate of $115.00, and a low estimate of $70.00. Surpassing the previous average price target of $89.58, the current average has increased by 2.79%.
<img src="https://www.benzinga.com/files/images/story/2024/1734631242_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
A clear picture of Western Digital's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Joseph Moore</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$93.00</td>
<td>$100.00</td>
</tr>
<tr>
<td>Mark Miller</td>
<td>Benchmark</td>
<td>Maintains</td>
<td>Buy</td>
<td>$70.00</td>
<td>$70.00</td>
</tr>
<tr>
<td>Asiya Merchant</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Buy</td>
<td>$85.00</td>
<td>$87.00</td>
</tr>
<tr>
<td>C J Muse</td>
<td>Cantor Fitzgerald</td>
<td>Maintains</td>
<td>Overweight</td>
<td>$95.00</td>
<td>$95.00</td>
</tr>
<tr>
<td>Tom O'Malley</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$90.00</td>
<td>$80.00</td>
</tr>
<tr>
<td>C J Muse</td>
<td>Cantor Fitzgerald</td>
<td>Raises</td>
<td>Overweight</td>
<td>$95.00</td>
<td>$80.00</td>
</tr>
<tr>
<td>Matt Bryson</td>
<td>Wedbush</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$95.00</td>
<td>$95.00</td>
</tr>
<tr>
<td>Medhi Hosseini</td>
<td>Susquehanna</td>
<td>Raises</td>
<td>Neutral</td>
<td>$83.00</td>
<td>$75.00</td>
</tr>
<tr>
<td>Mark Miller</td>
<td>Benchmark</td>
<td>Maintains</td>
<td>Buy</td>
<td>$92.00</td>
<td>$92.00</td>
</tr>
<tr>
<td>Joseph Moore</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Overweight</td>
<td>$100.00</td>
<td>$94.00</td>
</tr>
<tr>
<td>Kevin Cassidy</td>
<td>Rosenblatt</td>
<td>Maintains</td>
<td>Buy</td>
<td>$115.00</td>
<td>$115.00</td>
</tr>
<tr>
<td>Mark Miller</td>
<td>Benchmark</td>
<td>Maintains</td>
<td>Buy</td>
<td>$92.00</td>
<td>$92.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Western Digital. This offers insight into 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 Western Digital compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of Western Digital's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Capture valuable insights into Western Digital's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/WDC/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Western Digital analyst ratings.</a>
<h2>Get to Know Western Digital Better</h2>
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.
<h3>Understanding the Numbers: Western Digital's Finances</h3>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Over the 3 months period, Western Digital showcased positive performance, achieving a revenue growth rate of 48.91% as of 30 September, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Information Technology sector.
Net Margin: Western Digital's net margin is impressive, surpassing industry averages. With a net margin of 11.75%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Western Digital's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 4.28%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Western Digital's ROA stands out, surpassing industry averages. With an impressive ROA of 1.96%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Western Digital's debt-to-equity ratio is below the industry average. With a ratio of 0.64, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>What Are Analyst Ratings?</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a 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.
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Assessing Western Digital: Insights From 12 Financial Analysts

Providing a diverse range of perspectives from bullish to bearish, 14 analysts have published ratings on First Horizon (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FHN#NYSE">FHN</a>) in the last three months.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">1</td>
<td align="right">8</td>
<td align="right">5</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">3</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">4</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $21.07, along with a high estimate of $25.00 and a low estimate of $17.00. Observing a 8.27% increase, the current average has risen from the previous average price target of $19.46. 
<img src="https://www.benzinga.com/files/images/story/2024/1734631230_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
A clear picture of First Horizon's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Brady Gailey</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$24.00</td>
<td>$23.00</td>
</tr>
<tr>
<td>Nicholas Holowko</td>
<td>UBS</td>
<td>Raises</td>
<td>Buy</td>
<td>$25.00</td>
<td>$19.50</td>
</tr>
<tr>
<td>Jon Arfstrom</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$23.00</td>
<td>$22.00</td>
</tr>
<tr>
<td>Timur Braziler</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$21.00</td>
<td>$18.00</td>
</tr>
<tr>
<td>Ryan Nash</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Neutral</td>
<td>$23.00</td>
<td>$18.50</td>
</tr>
<tr>
<td>Jared Shaw</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$23.00</td>
<td>$21.00</td>
</tr>
<tr>
<td>Michael Rose</td>
<td>Raymond James</td>
<td>Raises</td>
<td>Outperform</td>
<td>$22.00</td>
<td>$19.00</td>
</tr>
<tr>
<td>John Pancari</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$20.00</td>
<td>$18.00</td>
</tr>
<tr>
<td>Russell Gunther</td>
<td>Stephens &amp; Co.</td>
<td>Raises</td>
<td>Overweight</td>
<td>$20.00</td>
<td>$18.00</td>
</tr>
<tr>
<td>Jared Shaw</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$21.00</td>
<td>$19.00</td>
</tr>
<tr>
<td>Jon Arfstrom</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$20.00</td>
<td>$19.00</td>
</tr>
<tr>
<td>Steven Alexopoulos</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$18.00</td>
<td>$19.00</td>
</tr>
<tr>
<td>John Pancari</td>
<td>Evercore ISI Group</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$18.00</td>
<td>$18.50</td>
</tr>
<tr>
<td>David Chiaverini</td>
<td>Wedbush</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$17.00</td>
<td>$20.00</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 First Horizon. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of First Horizon compared to the broader market.</li>
<li>Price Targets: Analysts navigate through adjustments in price targets, providing estimates for First Horizon's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of First Horizon's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/FHN/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on First Horizon analyst ratings.</a>
<h2>Delving into First Horizon's Background</h2>
First Horizon Corp is the parent company of First Tennessee Bank, a prominent regional bank with about 200 branches around Tennessee. The regional bank is responsible for roughly 65% of its revenue, while capital markets make a 25% contribution. The remainder is split between the firm's non-strategic (wind-down) and corporate operations. First Horizon concentrates on offering a variety of banking products mainly in its home state, where it has the second- largest deposit franchise with a 13% deposit market share.
<h3>Financial Milestones: First Horizon's Journey</h3>
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
Revenue Growth: First Horizon displayed positive results in 3 months. As of 30 September, 2024, the company achieved a solid revenue growth rate of approximately 5.94%. This indicates a notable 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 Financials sector.
Net Margin: First Horizon's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of 26.56%, the company may face hurdles in effective cost management.
Return on Equity (ROE): First Horizon's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 2.53%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): First Horizon's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of 0.26%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: First Horizon's debt-to-equity ratio is below the industry average at 0.22, reflecting a lower dependency on debt financing and a more conservative financial approach.
<h2>Analyst Ratings: What Are They?</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.

Expert Outlook: First Horizon Through The Eyes Of 14 Analysts

Citigroup analyst Alexander Hacking maintains Steel Dynamics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STLD#NASDAQ">STLD</a>) with a Buy and lowers the price target from $160 to $145.

STLD

Citigroup Maintains Buy on Steel Dynamics, Lowers Price Target to $145

During the last three months, 5 analysts shared their evaluations of Camping World Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CWH#NYSE">CWH</a>), revealing diverse outlooks from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">2</td>
<td align="right">2</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">1</td>
<td align="right">2</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $27.2, along with a high estimate of $30.00 and a low estimate of $24.00. This upward trend is evident, with the current average reflecting a 7.38% increase from the previous average price target of $25.33.
<img src="https://www.benzinga.com/files/images/story/2024/1734631222_0_0.png" alt="price target chart" />
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
In examining recent analyst actions, we gain insights into how financial experts perceive Camping World Holdings. 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>Alex Perry</td>
<td>B of A Securities</td>
<td>Announces</td>
<td>Buy</td>
<td>$30.00</td>
<td>-</td>
</tr>
<tr>
<td>Joseph Altobello</td>
<td>Raymond James</td>
<td>Announces</td>
<td>Outperform</td>
<td>$27.00</td>
<td>-</td>
</tr>
<tr>
<td>Scott Stember</td>
<td>Roth MKM</td>
<td>Raises</td>
<td>Buy</td>
<td>$28.00</td>
<td>$26.00</td>
</tr>
<tr>
<td>Noah Zatzkin</td>
<td>Keybanc</td>
<td>Raises</td>
<td>Overweight</td>
<td>$27.00</td>
<td>$25.00</td>
</tr>
<tr>
<td>Ryan Brinkman</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$24.00</td>
<td>$25.00</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 Camping World Holdings. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Camping World Holdings compared to the broader market.</li>
<li>Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
Capture valuable insights into Camping World Holdings's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/CWH/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Camping World Holdings analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>Unveiling the Story Behind Camping World Holdings</h2>
Camping World Holdings Inc is retailer of RVs and related products and services. The Company has the two reportable segments: Good Sam Services and Plans segment includes sale of emergency roadside assistance plans; commissions on property and casualty insurance programs; travel assist programs; extended vehicle service contracts; vehicle financing and refinancing assistance; consumer shows and events; and consumer publications and directories. RV and Outdoor Retail segment includes the sale of new and used RVs; commissions on the finance and insurance contracts related to the sale of RVs; the sale of RV service and collision work; the sale of RV parts, accessories, sale of outdoor products, equipment, gear and supplies; business to business distribution of RV furniture, etc.
<h3>Camping World Holdings: Delving into Financials</h3>
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
Decline in Revenue: Over the 3 months period, Camping World Holdings faced challenges, resulting in a decline of approximately -0.27% in revenue growth as of 30 September, 2024. This signifies a reduction in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Consumer Discretionary sector.
Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of 0.32%, the company may need to address challenges in effective cost control.
Return on Equity (ROE): Camping World Holdings's ROE stands out, surpassing industry averages. With an impressive ROE of 5.15%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Camping World Holdings's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 0.11%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 33.13, caution is advised due to increased financial risk.
<h2>How Are Analyst Ratings Determined?</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
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.

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