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ULTA

JP Morgan analyst Christopher Horvers has maintained an Overweight rating on Ulta Beauty (NASDAQ: ULTA) and increased the price target from $505 to $535. This adjustment reflects a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 7:30 pm

GWW

Over the past 5 years, W.W. Grainger (NYSE:GWW) has produced an average annual return of 21.64%, outperforming the market by 10.48% on an annualized basis. A $100 investment in GWW 5 years ago would be worth $252.39 today. The company currently has a market cap of $39.02 billion.

Portfolio Pulse from Benzinga Insights

December 01, 2023 | 7:30 pm

AME

AMETEK (NYSE:AME) has delivered an average annual return of 17.41% over the past 15 years, outperforming the market. A $100 investment in AME 15 years ago would be worth $1,124.93 today. The company's current market capitalization stands at $35.83 billion.

Portfolio Pulse from Benzinga Insights

December 01, 2023 | 7:30 pm

NEXI

NexImmune's stock (NEXI) was halted on a circuit breaker after experiencing significant trading activity. Trading has since resumed.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 7:27 pm

PLUG

Plug Power Inc (NASDAQ:PLUG) shares have risen by 8.9% to $4.40 and by 28% since Monday, despite no company-specific news. The increase may be a recovery from November's decline after Q3 earnings and sales missed expectations. Last month, a 'going concern' alert was raised due to financial deficits, cash flow issues, and projected losses of $3.8 billion. Analysts have recently slashed the stock's outlook following the Q3 report, which showed revenue shortfalls and a net loss of 47 cents per share.

Portfolio Pulse from Henry Khederian

December 01, 2023 | 7:26 pm

UBER

JMP Securities analyst Andrew Boone has reiterated a 'Market Outperform' rating on Uber Technologies (NYSE:UBER), with a maintained price target of $62.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 7:24 pm

CHWY

JMP Securities analyst Nicholas Jones has reiterated a 'Market Outperform' rating on Chewy (NYSE:CHWY) and maintained a price target of $43.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 7:21 pm

DOCU

ESTC

Elastic N.V. (ESTC) reported strong Q2 earnings, surpassing analyst expectations with a 37 cents per share result against a 24 cents consensus. Piper Sandler's Rob D. Owens upgraded ESTC's price target from $84 to $105, maintaining an Overweight rating, while Oppenheimer's Ittai Kidron raised the target to $110 with an Outperform rating. Both analysts are optimistic about the adoption of Elastic's GenAI-based solution, ESRE, and its future revenue contributions, particularly noting customer wins with DocuSign (DOCU) and a video search platform. Elastic's Net Revenue Retention (NRR) slightly decreased to 110% from 113%, but cloud consumption trends are improving. The company raised its F'24 revenue guidance by $4 million and operating margin guidance by 25 basis points. ESTC shares surged by 36.13% to $109.39 following the positive reports and analyst upgrades.

Portfolio Pulse from Nabaparna Bhattacharya

December 01, 2023 | 7:20 pm

AMWD

American Woodmark's stock is trading higher following the announcement of their Q2 financial results, which surpassed expectations.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 7:18 pm

CLSK

CleanSpark's stock price has increased following the release of their Bitcoin mining update for November 2023, indicating positive performance in their cryptocurrency mining operations.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 7:15 pm