The Daily

Shares of Block (XYZ) have gained 10.6% over the past four weeks to close the last trading session at $66.15, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $84.68 indicates a potential upside of 28%.

Analysts on Wall Street project that Alaska Air Group (ALK) will announce quarterly loss of -$1.61 per share in its forthcoming report, representing a decline of 109.1% year over year. Revenues are projected to reach $3.27 billion, increasing 4.2% from the same quarter last year.

The current level reflects a downward revision of 102.1% in the consensus EPS estimate for the quarter over the past 30 days.

Pre-Market Stock Futures:

The futures are trading flat after a stellar day across Wall Street, with all major indices finishing deep in positive territory. Traders cited an improving outlook for the Iran War, better-than-expected inflation data,

Rigetti Computing (RGTI +10.40%) stock is roaring higher in Wednesday’s trading. The quantum computing company’s share price was up 15.5% as of 12:30 p.m. ET amid the backdrop of a 0.4% gain for the S&P 500 and a 1.2% gain for the Nasdaq Composite.