Daily Stock Ideas
Today’s 5 Stock Ideas:
- SoFi Technologies (SOFI) – Shares were up 4% following initiation of coverage by a Morgan Stanley analyst. The analyst set an Overweight rating (the equivalent of a buy) and a set a $25 price target. Shares of SoFi traded around the $17 level Monday morning.
- Protagonist Therapeutics (PTGX) – Monday morning’s biggest winner. Shares were up 90% following news the FDA removed a clinical hold on the clinical development program for its rusfertide.
- GitLab (GTLB) – An IPO for this week. A software company that builds solutions for developers. The stock is expected to begin trading on Thursday.
- ProPhase (PRPH) – Company CEO, Ted Karkus, will interview on Benzinga’s “Power Hour”.
- Avadel Pharmaceuticals (AVDL) – A play on an upcoming FDA date. The FDA will decide on the company’s New Drug Application for its excessive daytime sleepiness and cataplexy treatment. A decision is due by Friday.