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ABCL

LLY

Benchmark analyst Robert Wasserman has reiterated a Buy rating on AbCellera Biologics Inc. (ABCL), but lowered the price target to $12 due to reduced valuations for other drug discovery stocks. AbCellera's shares have declined recently as royalties from sales of R&D partner Eli Lilly And Company's (LLY) COVID-19 antibody therapeutics have disappeared. However, the analyst notes that AbCellera has seven molecules in the clinical pipeline and the long-term prospects for new partnerships and royalty revenues look positive.

Portfolio Pulse from Nabaparna Bhattacharya

August 31, 2023 | 7:18 pm

VEEV

A significant investor has taken a bearish stance on Veeva Systems (VEEV), with 80% of recent trades being bearish. The trades range from $195.0 to $230.0. The price of VEEV is up 8.05% at $208.09, but RSI indicators suggest it may be overbought. Analysts from Baird, UBS, RBC Capital, Raymond James, and Citigroup have maintained their ratings, with price targets ranging from $205 to $242.

Portfolio Pulse from Benzinga Insights

August 31, 2023 | 7:18 pm

ISRG

A significant bearish stance has been taken on Intuitive Surgical (NASDAQ:ISRG) by a large investor, as indicated by unusual options activity. The overall sentiment of these big-money traders is 30% bullish and 70% bearish. The whales have been targeting a price range from $200.0 to $350.0 for Intuitive Surgical over the last 3 months. RBC Capital has downgraded its action to Outperform with a price target of $360.

Portfolio Pulse from Benzinga Insights

August 31, 2023 | 7:18 pm

ACER

CGC

DG

DLTH

LE

SATX

The Dow Jones fell by over 100 points, while NASDAQ rose slightly. Dollar General Corp reported lower than expected Q2 FY23 sales and lowered its FY23 net sales growth outlook, causing its shares to drop by 13%. Acer Therapeutics shares spiked by 93% after Zevra Therapeutics announced it will acquire the company. Shares of Satixfy Communications and Canopy Growth Corporation also rose significantly. Lands' End and Duluth Holdings shares dropped due to poor Q2 results and weak guidance.

Portfolio Pulse from Lisa Levin

August 31, 2023 | 7:07 pm

COP

A significant investor has taken a bearish stance on ConocoPhillips (NYSE:COP), with 80% of recent trades being bearish. The whales have been targeting a price range from $105.0 to $125.0 for ConocoPhillips over the last 3 months. The current price of COP is $119.23, up 0.45%. RBC Capital, Truist Securities, Mizuho, Wells Fargo, and Jefferies have all provided their ratings and price targets for the company.

Portfolio Pulse from Benzinga Insights

August 31, 2023 | 7:02 pm

TTD

Unusual options activity has been observed for Trade Desk (NASDAQ:TTD), with a large position indicating a bullish stance. The overall sentiment of these big-money traders is split between 66% bullish and 33% bearish. The whales have been targeting a price range from $40.0 to $90.0 for Trade Desk over the last 3 months. Several financial institutions have maintained their positive ratings on Trade Desk, with price targets ranging from $91 to $100.

Portfolio Pulse from Benzinga Insights

August 31, 2023 | 7:02 pm

XLMUSD

Stellar's (CRYPTO: XLM) price has decreased by 4.33% over the past 24 hours to $0.12, continuing its downward trend over the past week of -6.0%. The trading volume for the coin has tumbled 7.0% over the past week while the circulating supply of the coin has risen 0.14%. The current market cap ranking for XLM is #23 at $3.16 billion.

Portfolio Pulse from Benzinga Insights

August 31, 2023 | 7:00 pm

SNPS

Over the past 20 years, Synopsys (NASDAQ:SNPS) has outperformed the market by 6.36% on an annualized basis, producing an average annual return of 14.03%. If an investor had bought $1000 of SNPS stock 20 years ago, it would be worth $13,597.73 today.

Portfolio Pulse from Benzinga Insights

August 31, 2023 | 7:00 pm

THG

BMO Capital Markets analyst Michael Zaremski has upgraded The Hanover Insurance Group Inc (NYSE:THG) to Outperform from Market Perform rating with a price target of $126.00. The analyst expects the company's ROE to revert closer to 13% following a series of disappointing quarters. Zaremski also expects THG to witness a decline in policy growth in the coming 18 months. The analyst raised the EPS estimate to $11.53 for FY24 and $13.25 for FY25.

Portfolio Pulse from Lekha Gupta

August 31, 2023 | 7:00 pm

UNIUSD

Uniswap's (CRYPTO: UNI) price has fallen 5.31% to $4.41 over the past 24 hours, continuing its negative trend over the past week with a 5.0% loss. The trading volume for the coin has climbed 3.0% over the past week, while the overall circulating supply of the coin has decreased 0.11% to 753.77 million. The current market cap ranking for UNI is #22 at $3.32 billion.

Portfolio Pulse from Benzinga Insights

August 31, 2023 | 7:00 pm