Today's Morning Movers and Top Ratings: LYFT, GME, MSFT, SKX and More

$Lyft Inc(LYFT.US)$ The ride-sharing company's shares increased by over 3% following upgrades from multiple analysts to 'buy' after an impressive investor day. Lyft projected a gross bookings compound annual growth rate of around 15% from 2024 to 2027.

$Skechers USA(SKX.US)$ The footwear maker's stock climbed 2% after Bank of America upgraded the stock to 'buy' due to an improved wholesale environment and robust sales trends.

$Braze(BRZE.US)$ Shares of the customer engagement platform soared 15% on the back of a smaller-than-expected loss of 5 cents per share and revenue that exceeded forecasts. Braze also provided an optimistic outlook for the upcoming quarter and the full year, with anticipated revenue between $577 million and $581 million.

$GameStop(GME.US)$ The well-known meme stock saw a 20% drop in premarket trading after initially gaining nearly 30%. Despite a surprising earnings report with net sales of almost $882 million for the first quarter, which was down 29% from the previous year, the company's shares declined. GameStop also announced its intention to sell additional stock beyond the 45-million share sale from May, which had raised over $900 million.

$Vail Resorts(MTN.US)$ Shares fell by 8% as the company reported quarterly results that did not meet Wall Street's expectations for sales and net income, with earnings of $9.54 per share on revenue of $1.28 billion.

$DocuSign(DOCU.US)$ The electronic signature company's stock dropped over 7% after it announced fiscal second-quarter and full-year forward guidance. Its first-quarter results had exceeded estimates, and the board authorized a $1 billion stock buyback program.

$Samsara(IOT.US)$ The software maker's shares tumbled more than 6% after providing fiscal second-quarter and full-year financial forecasts. Samsara's first-quarter performance was better than expected, with adjusted earnings of 3 cents per share on $281 million in revenue, surpassing estimates of 1 cent per share and $272 million in revenue.