Benzinga - by Avi Kapoor, Benzinga Staff Writer.
On CNBC’s "Halftime Report Final Trades," Joshua Brown of Ritholtz Wealth Management said he is staying long on Zoom Video Communications, Inc. (NASDAQ: ZM).
On Wednesday, Wells Fargo analyst Phil Winslow downgraded Zoom Video from Equal-Weight to Underweight and announced a $70 price target.
Zoom Video will cease to be a component of the Nasdaq 100 index as its stock performance lags behind significant equity benchmarks in 2023.
Jim Lebenthal of Cerity Partners picked Oracle Corporation (NYSE: ORCL). The company’s stock had moved lower following the release of quarterly results. The "consolidation is done" and the stock is ready to move higher, he noted.
Oracle, last week, reported mixed financial results for its second quarter. The company reported quarterly adjusted earnings of $1.34 per share, topping the Street's estimate of $1.32. Revenue of $12.94 billion fell short of the analyst consensus estimate of $13.05 billion, according to Benzinga Pro.
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Bill Baruch of Blue Line Futures named Western Digital Corporation (NASDAQ: WDC), a memory play, as his final trade.
Mizuho analyst Vijay Rakesh, earlier during the month, maintained Western Digital with a Buy and raised the price target from $52 to $55.
Karen Firestone of Aureus Asset Management picked Booz Allen Hamilton Holding Corporation (NYSE: BAH).
Booz Allen Hamilton is scheduled to host a conference call on Jan. 26, 2024, to discuss the financial results for the third quarter of fiscal 2024.
Price Action: Zoom Video shares gained 2.9% to close at $71.90, while Oracle gained 1.6% to $105.86 on Thursday. Western Digital surged 6% to $52.38, while Booz Allen Hamilton rose 0.8% to $125.77 during Thursday’s session.
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