Cummins India Limited (CUMMINSIND) Gets a Sell from UBS
UBS analyst Amit Mahawar maintained a Sell rating on Cummins India Limited (CUMMINSIND – Research Report) on May 29 and set a price target of INR2,740.00. The company's shares closed last Friday at INR3,268.10.
Confident Investing Starts Here:
Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
According to TipRanks, Mahawar is a 2-star analyst with an average return of 8.2% and a 75.00% success rate.
Currently, the analyst consensus on Cummins India Limited is a Moderate Sell with an average price target of INR2,510.00, a -23.20% downside from current levels. In a report released yesterday, Jefferies also maintained a Sell rating on the stock with a INR2,405.00 price target.
Based on Cummins India Limited's latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of INR23.16 billion and a net profit of INR4.63 billion. In comparison, last year the company earned a revenue of INR21.85 billion and had a net profit of INR3.54 billion
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
34 minutes ago
- Yahoo
PayPal's Venmo, Snowflake upgrade, Asana: Trending Tickers
PayPal-owned (PYPL) mobile payment app Venmo is adding new features to its platform, including 15% cashback rewards at select retailers. UBS analysts upgrade Snowflake stock (SNOW) to a Buy rating and raise their price target to $265 per share. Asana (ASAN) shares sink Wednesday morning after topping first quarter earnings estimates while reporting a notable year-over-year decline in sales growth. To watch more expert insights and analysis on the latest market action, check out more Wealth here. Now time for some of today's trending tickers. We are watching PayPal, Snowflake, and Asana. First up, PayPal owned Venmo, adding new features in hopes of expanding user adoption of its debit card and other financial services. The updates include 15% cashback for Venmo debit card holders at retailers, including Walmart, McDonald's and Sephora, as well as expanding its Pay with Venmo feature. Next up, Snowflake getting an upgrade to buy from neutral. UBS is the one behind this call and along with several price target hikes following its summit. UBS analysts saying that it's not too late to take advantage of what could be just the beginning of a sustained enterprise investment in data services and cloud providers. Evercore ISI, which raised its price target to $240, saying AI has reached a tipping point and that makes Snowflake's current pace of growth durable. Finally, here we're checking in on shares of Asana falling on worries about the software company's sales growth, which slowed to 9%. That's down from 26% growth a year ago. Despite narrowly beating the street's expectations for the first quarter, city analysts warn and quote, the billing miss and guide down raises some growth concerns. You can scan the QR code below to track the best and worst performing stocks of the session with Yahoo Finance's Trending Tickers page.
Yahoo
35 minutes ago
- Yahoo
Rare Sequence Triggers Bullish Option on SoFi Technologies Stock (SOFI)
From an investment standpoint, SoFi Technologies (SOFI) presents a nuanced and somewhat challenging narrative. Wall Street remains divided on the stock's outlook, contributing to uncertainty around its trajectory. For instance, while Bank of America acknowledges ongoing momentum in SoFi's core business, it maintains a Sell rating. In contrast, analysts at DBS have reaffirmed a Buy rating, citing the company's strong first-quarter performance as a key factor. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Overall, expectations for SOFI stock indicate modest growth, making it a challenging name for some investors to fully embrace. However, from an options trading perspective, the situation becomes more intriguing. Market breadth data, which focuses on identifying patterns of accumulation and distribution, suggests that SoFi could be positioned for a potential rebound. Year-to-date, SOFI stock has declined by nearly 14%, underperforming the S&P 500, which has gained a modest 0.5% over the same period. This relative weakness helps explain the divergence in analyst sentiment. Still, options trading emphasizes the mechanics of price movement—focusing on factors such as magnitude, velocity, and, most critically, probability—rather than the underlying business rationale alone. Given current market breadth signals, SOFI may warrant closer attention from short-term traders and speculative investors in the weeks ahead. One of the most important concepts to grasp in trading is that the equities market functions as a series of dependent events. In essence, future price movements are influenced by what has occurred previously. This includes prior price patterns, volume dynamics, fundamental developments, investor positioning, sentiment cycles, and numerous other interconnected factors. Ultimately, each new event in the market is shaped by a chain of preceding events, not only from a statistical standpoint but also through behavioral influences. Therefore, it's crucial for traders to avoid viewing the market as if each setup begins with a clean slate, akin to a freshly shuffled deck. In reality, the market is continuously evolving, shaped by all publicly available information and catalysts up to that moment. Each trade setup is part of an ongoing sequence, not an isolated event. For traders seeking a true edge, it's unlikely to be found in generic content from mainstream financial publications. Much of that material consists of recycled opinions that offer little in the way of actionable insight. Instead, the real advantage lies in closely analyzing market behavior—what might be called 'counting the market's cards'—and identifying the prevailing sentiment regime. Over the past two months, SOFI stock has exhibited a distinctive market breadth signal I refer to as the '6-4-F' sequence: six weeks of gains, followed by four weeks of losses, resulting in a flat overall trajectory over a 10-week period. This specific pattern is unprecedented, which makes direct historical analysis of its implications challenging. However, similar formations—namely the '6-4-D' sequence (net negative trajectory) and the '6-4-U' sequence (net positive trajectory)—have occurred multiple times in the past. Following the 6-4-D sequence, SOFI stock has shown a 66.67% probability of posting gains the next week, with a median return of 3.19%. For the 6-4-U sequence, the likelihood of upside the following week stands at nearly 57%, with a median return of 2.11%. Even under the more conservative scenario, these patterns suggest a statistically favorable environment for bullish trades. By comparison, the baseline probability of a profitable long position in SOFI stock in any given week is just 51.28%. Thus, the emergence of the 6-4 sequence—regardless of its net direction—tilts the odds meaningfully in favor of bullish speculators. Those seeking a conservatively aggressive wager may consider the 13/14 bull call spread expiring July 3. This transaction involves buying the $13 call and simultaneously selling the $14 call, for a net debit paid of $50. Should SOFI stock rise through the short strike price at expiration, the maximum reward is also $50, a payout of 100%. What makes this trade attractive is that it provides several weeks for SOFI to rise to $14. If the bullish implications of the 6-4 sequence pan out as projected, SOFI should reach close to $13.60 relatively quickly. From there, the bulls need to maintain control of the market. If so, $14 over the next six weeks is a reasonable target. On Wall Street, SOFI stock carries a Hold consensus rating based on six Buy, five Hold, and three Sell ratings over the past three months. SOFI's average stock price target of $14.05 implies approximately 3% upside potential over the next twelve months. So far this year, SoFi Technologies has lagged behind the broader market, highlighting significant risks from a long-term investment standpoint. However, from a trading perspective, SOFI stock may be showing signs of a potential reversal, as suggested by recent market breadth data. As a result, a stock that typically offers only marginally better-than-even odds could present a more favorable setup for bullish traders. Disclaimer & DisclosureReport an Issue Sign in to access your portfolio
Yahoo
2 hours ago
- Yahoo
PayPal's Venmo, Snowflake upgrade, Asana: Trending Tickers
PayPal-owned (PYPL) mobile payment app Venmo is adding new features to its platform, including 15% cashback rewards at select retailers. UBS analysts upgrade Snowflake stock (SNOW) to a Buy rating and raise their price target to $265 per share. Asana (ASAN) shares sink Wednesday morning after topping first quarter earnings estimates while reporting a notable year-over-year decline in sales growth. To watch more expert insights and analysis on the latest market action, check out more Wealth here. Sign in to access your portfolio
