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UPWK

Upwork has integrated OpenAI's technology across its operations, product development, and team productivity. This includes new AI-powered features like Job Post Generator, Upwork Chat Pro, Proposal Tips, and Best Match insights. Upwork has also launched Uma, an AI companion, and implemented fraud detection using GPT-4o. Additionally, Upwork team members are using ChatGPT Enterprise for various tasks, and the platform has created resources to connect freelancers skilled in OpenAI technologies with clients.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 5:48 pm

DELL

Dell shares are trading higher due to strength in tech and AI-related stocks. Evercore ISI maintained an Outperform rating but reduced its price target from $165 to $140.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 5:46 pm

NOW

Financial giants have shown a bullish interest in ServiceNow (NYSE:NOW) through significant options trades. Analysis reveals a mixed sentiment with a focus on a price range between $550 and $850. The stock is currently trading at $804.91, down by 0.76%, with an average analyst price target of $887.

Portfolio Pulse from Benzinga Insights

August 12, 2024 | 5:45 pm

COHR

LSCC

Coherent Corp (NYSE:COHR) received an upgrade from BofA Securities analyst Vivek Arya, who raised the stock rating from Neutral to Buy and increased the price target to $75. Arya expects significant growth driven by Coherent's AI optical transceiver business and operational improvements under new CEO Jim Anderson. The stock is trading higher on this news.

Portfolio Pulse from Anusuya Lahiri

August 12, 2024 | 5:44 pm

LLY

NVO

Studies suggest that GLP-1 agonists like Novo Nordisk's Ozempic and Eli Lilly's Zepbound may reduce cancer risks, in addition to treating obesity and diabetes. Early research indicates these drugs could lower the risk of several obesity-related cancers, including breast, colon, liver, and ovarian cancers.

Portfolio Pulse from Vandana Singh

August 12, 2024 | 5:37 pm

SOUN

SoundHound AI, Inc. (NASDAQ:SOUN) shares are trading higher after the company announced the acquisition of Amelia and reported strong second-quarter earnings. The company beat analyst expectations and raised its full-year and 2025 revenue guidance. Analysts are bullish on the stock, with an average 1-year price target of $7.25, representing a 40.64% upside.

Portfolio Pulse from Erica Kollmann

August 12, 2024 | 5:36 pm

ON

Recent options trading activity for ON Semiconductor (NASDAQ:ON) indicates significant market interest, with large trades suggesting a price range between $35.0 and $75.0. Analysts have mixed ratings, with price targets ranging from $75 to $90. The stock is currently trading at $70.02, down 1.8%, with neutral RSI indicators.

Portfolio Pulse from Benzinga Insights

August 12, 2024 | 5:31 pm

UBER

Options trading activity for Uber Technologies (NYSE:UBER) shows a mixed sentiment among big investors, with a slight bearish tilt. The trading volume and open interest suggest a price range of $30.0 to $85.0. Analysts have mixed ratings, with some downgrades and price targets around $90-$95.

Portfolio Pulse from Benzinga Insights

August 12, 2024 | 5:31 pm

EME

EMCOR Group (NYSE: EME) has seen a surge in options activity, with significant trades detected by Benzinga's options scanner. The sentiment among big-money traders is split evenly between bullish and bearish. The price target for EME is between $370.0 and $390.0, with a current price of $354.92. An analyst from DA Davidson maintains a Buy rating with a target price of $430.0.

Portfolio Pulse from Benzinga Insights

August 12, 2024 | 5:31 pm

ULTA

Ulta Beauty (NASDAQ:ULTA) has significantly outperformed the market over the past 15 years, delivering an average annual return of 25.81%. A $1000 investment in ULTA 15 years ago would be worth $31,212.06 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

August 12, 2024 | 5:30 pm