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Analysts have initiated coverage on OneStream, Inc. (NASDAQ:OS) with positive ratings and price targets ranging from $30 to $35. The company, which recently started trading, is noted for its innovative AI integration and strong market growth potential. Analysts highlight its high retention rate, rapid revenue growth, and potential to capture significant market share in the business performance management software sector.

Portfolio Pulse from Anusuya Lahiri

August 19, 2024 | 6:42 pm

ALZN

CING

LQDA

SOND

TOVX

ZIM

U.S. stocks rose with the Nasdaq gaining 150 points. ZIM Integrated Shipping Services reported strong Q2 results, boosting its stock. Alzamend Neuro surged 474% after announcing a partnership for a PTSD study. Sonder Holdings rose 98% following a licensing deal with Marriott and securing $146M in liquidity. Liquidia Corporation fell 29% after FDA's tentative approval of YUTREPIA. Theriva Biologics and Cingulate Inc. also saw significant declines.

Portfolio Pulse from Avi Kapoor

August 19, 2024 | 6:37 pm

LINE

Lineage, Inc. (NASDAQ:LINE) is experiencing a positive stock movement following bullish coverage from multiple analysts. JPMorgan, BofA Securities, and Truist Securities have initiated coverage with Overweight and Buy ratings, citing Lineage's strategic tech investments and acquisitions as key growth drivers. Analysts forecast significant AFFO and EBITDA growth through 2028, despite current challenges in the cold storage business.

Portfolio Pulse from Lekha Gupta

August 19, 2024 | 6:36 pm

SHOP

Deep-pocketed investors are showing a bearish sentiment towards Shopify (NYSE:SHOP) in the options market, with 66% of notable options activities being bearish. This unusual activity suggests potential significant price movements. The stock is currently trading at $74.51, slightly down by 0.05%.

Portfolio Pulse from Benzinga Insights

August 19, 2024 | 6:31 pm

ASTS

AST SpaceMobile shares are experiencing a rise following the company's announcement that its first five commercial satellites are scheduled for launch in the first half of September.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 6:30 pm

BVNRY

DEEP

FDM

GERM

QQQS

SFLO

SIGA

A new mpox variant, Clade I, is causing global concern, with increased screening in Europe and China. The variant is more severe and transmissible, prompting vaccine and drug developments. Bavarian Nordic and SIGA Technologies are key players in the vaccine and treatment landscape.

Portfolio Pulse from Michael Juliano

August 19, 2024 | 6:26 pm

DKNG

FLUT

DraftKings and Flutter Entertainment are seen as a duopoly in the U.S. sports betting market. Analyst Bernie McTernan maintains a Buy rating on DraftKings with a $60 price target, highlighting debates on EBITDA targets, tax surcharges, and competition. DraftKings faces challenges with lower hold rates compared to Flutter's FanDuel and higher state taxes. However, its technology stack and national marketing could help scale margins.

Portfolio Pulse from Chris Katje

August 19, 2024 | 6:06 pm

GMAB

Genmab A/S has received European Commission approval for TEPKINLY, a subcutaneous bispecific antibody, for treating relapsed/refractory follicular lymphoma in adults. This marks the second approval for TEPKINLY in the EU.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 6:01 pm

ELBM

The Department of Defense has awarded $20 million to Electra Battery Materials Corp to establish a sustainable cobalt sulfate production facility in Ontario, Canada. This initiative aims to bolster North American production of critical minerals for large capacity batteries, supporting both defense and commercial sectors.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 5:47 pm

GOLD

Recent options trading activity on Barrick Gold (NYSE:GOLD) shows a mix of bullish and bearish sentiment among large investors. A total of 26 unusual options trades were identified, with a slight majority being bullish. The stock is currently trading at $20.23, up 2.61%, and is approaching overbought territory. An analyst from Scotiabank maintains a Sector Outperform rating with a target price of $25.

Portfolio Pulse from Benzinga Insights

August 19, 2024 | 5:45 pm