Benzinga | Oct 11, 2021 08:59AM EDT

Benzinga Pro's Top 5 Stocks To Watch For Monday, Oct. 11, 2021: SOFI, PTGX, GTLB, PRPH, AVDL

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" YouTube show Monday around 12:30 p.m. EDT.

* 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.