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ADP

RBC Capital Markets analyst Ashish Sabadra initiated coverage on Automatic Data Processing Inc (ADP) with a Sector Perform rating and a price target of $267. Sabadra praised ADP's diversified revenue portfolio and strong platform, but noted potential macro headwinds that could impact employment and customer spending. The analyst also projected a slowdown in pays-per-control and lower Employer Services retention for FY24.

Portfolio Pulse from Lekha Gupta

September 05, 2023 | 7:09 pm

AMZN

Amazon.com, Inc. (NASDAQ:AMZN) shares are trading slightly lower on Tuesday, pulling back from recent gains. Last Thursday, Amazon's stock rose on news of a collaboration with Shopify Inc. to streamline the shopping process for Prime members. However, the stock has trended lower since then, trading down almost 1% on Tuesday, but it is still up 63.07% year-to-date.

Portfolio Pulse from Ryan Gustafson

September 05, 2023 | 7:09 pm

NSA

BMO Capital Markets analyst Juan C. Sanabria reiterated a Market Perform rating on National Storage Affiliates Trust (NYSE:NSA) with a price target of $35. NSA's asset growth and rising interest rates are noted, with the company's focus on secondary markets and potential for future efficiencies highlighted. NSA's shares are currently trading lower by 0.77% to $33.71.

Portfolio Pulse from Nabaparna Bhattacharya

September 05, 2023 | 7:05 pm

ACB

Aurora Cannabis Inc's shares are trading higher by roughly 3.4% amid the strong performance of the cannabis sector. This is due to the news that the Department of Health and Human Services (HHS) proposed reclassifying marijuana to a lower-risk drug category. The reclassification from Schedule I to Schedule III under the Controlled Substances Act is based on an FDA evaluation of marijuana's classification.

Portfolio Pulse from Henry Khederian

September 05, 2023 | 7:02 pm

GMAB

Analysts have provided a mix of bullish and bearish ratings for Genmab (NASDAQ:GMAB) in the last quarter. The average price target is $42.29, which is higher than the current price of $37.99. This average has increased by 28.15% from the previous average price target of $33.00.

Portfolio Pulse from Benzinga Insights

September 05, 2023 | 7:00 pm

HD

A significant bearish stance has been taken on Home Depot (NYSE:HD) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split between 38% bullish and 61% bearish. The whales have been targeting a price range from $280.0 to $350.0 for Home Depot over the last 3 months. The price of HD is currently down -1.33% at $328.65. Several financial institutions have maintained their ratings on Home Depot, with price targets ranging from $333 to $360.

Portfolio Pulse from Benzinga Insights

September 05, 2023 | 7:00 pm

KLAC

A significant bearish stance has been taken on KLA (NASDAQ:KLAC) by a large investor, as observed in the unusual options activity. The sentiment among these big-money traders is 70% bearish and 30% bullish. The whales have been targeting a price range from $450.0 to $580.0 for KLA over the last 3 months. The price of KLAC is currently up 1.4% at $514.13.

Portfolio Pulse from Benzinga Insights

September 05, 2023 | 7:00 pm

IMAB

Analysts have provided bullish ratings for I-MAB (NASDAQ:IMAB) in the last quarter. In the last 3 months, 4 analysts have offered 12-month price targets for I-MAB, with an average price target of $23.0, a decrease from the previous average price target of $25.00.

Portfolio Pulse from Benzinga Insights

September 05, 2023 | 7:00 pm

SLB

A whale investor has taken a bearish stance on Schlumberger Limited (NYSE:SLB), with 78% of the investors opening trades with bearish expectations. The whale has been targeting a price range from $50.0 to $80.0 for SLB over the last 3 months. The price of SLB is up 1.49% at $60.77. UBS has maintained their Buy rating on SLB, with a price target of $73.

Portfolio Pulse from Benzinga Insights

September 05, 2023 | 7:00 pm

CLSK

Analysts have provided bullish ratings for Cleanspark (NASDAQ:CLSK) within the last quarter. According to 5 analysts offering 12-month price targets in the last 3 months, Cleanspark has an average price target of $11.0, an increase of 17.9% from the previous average price target of $9.33.

Portfolio Pulse from Benzinga Insights

September 05, 2023 | 7:00 pm