Today's Morning Movers and Top Ratings: PLTR, DIS, GPS, LCID and More
Morning Movers
Gapping up
$Hims & Hers Health(HIMS.US$ Shares jumped 14% as the telehealth consultation platform, Hims & Hers Health, forecasted second-quarter revenue that outstripped estimates. The company expects revenue to be between $292 million and $297 million, surpassing the LSEG consensus estimate of $288 million. Additionally, their first-quarter performance also beat expectations.
$Gap Inc(GPS.US$ The apparel retailer's stock rose 3.2% following an upgrade by Citi from neutral to buy, along with an increased price target. Citi's optimistic stance suggests that Gap may exceed earnings expectations for the first quarter.
$Target(TGT.US$ The retailer's shares saw a 1.6% increase after receiving positive assessments from Wall Street. Citi elevated the stock's status from neutral to buy, identifying the company as a top performer in its industry. Concurrently, UBS, which maintains a buy rating, suggested that the forthcoming first-quarter earnings report is likely to act as a favorable trigger for the stock's value and reinforce the optimistic outlook.
Gapping down
$Disney(DIS.US$ stock fell by over 4%, even though the company announced fiscal second-quarter earnings that exceeded expectations and showed reduced losses in its streaming division.
$Palantir(PLTR.US$ The defense-technology company's stock plummeted by 11% following the release of its guidance, which did not meet expectations. Palantir projected its full-year revenue to be in the range of $2.68 billion to $2.69 billion, which is below the analyst consensus of $2.71 billion as surveyed by LSEG. For the current quarter, the company anticipates revenue between $649 million and $653 million, compared to the LSEG consensus estimate of $653 million.
$Lucid Group(LCID.US$ Shares of the electric vehicle manufacturer fell by 8% following the announcement of its recent financial outcomes. Lucid reported a GAAP loss of 30 cents per share and maintained its 2024 production forecast of approximately 9,000 vehicles. The company's revenue totaled $173 million, surpassing the anticipated $157 million.
Source: CNBC; Investing.com
US Top Rating Updates on 05/07
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Source: Dow Jones
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