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MSFT

Wedbush analyst Daniel Ives has reiterated an Outperform rating on Microsoft (NASDAQ:MSFT) and maintained a price target of $450. This reaffirmation of Microsoft's stock performance potential reflects continued confidence in the company's growth prospects.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 3:23 pm

ALK

BA

Alaska Air Group, Inc. (NYSE:ALK) stock is trading flat and has declined over 7% in the past month, partly due to an incident involving the loss of a Boeing 737 Max 9 door plug mid-flight. The incident is linked to missing bolts from the Boeing Company (NYSE:BA) factory. Alaska Air has resumed some Max 9 services after inspections. The stock is trading below its 50-day moving average but above its 52-week low. Investors are considering earnings growth and valuation metrics, with ALK's earnings up 66.67% last quarter and its P/E ratio compressed by 93.57% compared to last year.

Portfolio Pulse from Erica Kollmann

January 29, 2024 | 3:18 pm

FUBO

FuboTV (NYSE:FUBO) has seen a 5.35% increase in short percent of float since the last report, with 49.32 million shares sold short, representing 17.33% of available shares. It would take about 5.36 days to cover these short positions based on current trading volume. While high short interest can indicate bearish sentiment, it doesn't necessarily predict a price drop. FuboTV's short interest is significantly higher than its peer group average of 5.60%.

Portfolio Pulse from Benzinga Insights

January 29, 2024 | 3:15 pm

GCT

GigaCloud Tech (NYSE:GCT) has experienced a 32.88% increase in short interest since its last report, with 2.14 million shares sold short, representing 11.72% of its float. The short interest is higher than the peer group average of 5.81%. While high short interest can indicate bearish sentiment, it can also be bullish, as covering short positions can drive the stock price up.

Portfolio Pulse from Benzinga Insights

January 29, 2024 | 3:15 pm

SAVA

Cassava Sciences (NYSE:SAVA) has seen a decrease in short interest, with the short percent of float dropping 3.99% since the last report. The company has 13.33 million shares sold short, representing 33.49% of its float. The average time to cover these short positions is 13.32 days. Short interest is a measure of market sentiment, and a decrease may indicate a more bullish outlook. However, this does not necessarily predict a near-term price rise. Cassava Sciences has a higher short interest compared to its peers, with the peer group average at 12.46%.

Portfolio Pulse from Benzinga Insights

January 29, 2024 | 3:15 pm

PALI

Palisade Bio Inc (NASDAQ:PALI) stock surged after announcing preclinical data presentation of PALI-2108 at the Crohn’s & Colitis Congress. PALI-2108, a colon-specific PDE4B inhibitor prodrug for ulcerative colitis, showed promise in preclinical models with reduced toxicity and targeted efficacy. The stock experienced heavy trading volume, significantly higher than its average, and shares were up 125.2% at last check.

Portfolio Pulse from Vandana Singh

January 29, 2024 | 3:15 pm

VRNS

Wells Fargo analyst Andrew Nowinski has maintained an Equal-Weight rating on Varonis Systems (NASDAQ:VRNS) and increased the price target from $29 to $42.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 3:07 pm

SPH

Mizuho analyst Gabriel Moreen downgraded Suburban Propane Partners (NYSE:SPH) from Neutral to Underperform, while increasing the price target from $16 to $17.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 3:07 pm

CYBR

Wells Fargo analyst Andrew Nowinski has maintained an Overweight rating on CyberArk Software (NASDAQ:CYBR) and increased the price target from $250 to $275.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 3:07 pm

NET

Wells Fargo analyst Andrew Nowinski has maintained an Overweight rating on Cloudflare (NYSE:NET) and increased the price target from $72 to $95, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 3:06 pm