Daily Stock Ideas – May 7, 2021
Today’s 5 Stock Ideas
- Jumia (JMIA) – Andrew Left of Citron Research on Thursday appeared on Benzinga’s “PreMarket Prep At The Close” YouTube show to go over his thesis in Jumia. Left set a $60 year-end price target for the stock. He said shares will never get to $200-$300 because the company will be taken over before that can happen.
- Tilray (TLRY) – Jefferies upgraded shares to Buy and set a $23 price target on Tilray. The target suggested potential upside of more than 50% from where the stock traded Friday morning.
- Workhorse (WKHS) – Will report Q1 earnings before market open on Monday, May 10.
- SemiLEDs (LEDS) – One of the top momentum plays this week. Shares have tripled since the start of the week. The Benzinga newsdesk did not see news to justify the move higher. Shares were being targeted as a low-float play; only about 460,000 shares are in the company’s float.
- Ocugen (OCGN) – Shares were down 5% in pre-market action. The company reported a Q1 loss of $0.04 per share.