Today's Pre-Market Stock Movers And Top Ratings: UBS, DG, VSCO, PLTR and More

$Salesforce (CRM.US)$ jumped 6.2% following its earnings beat after the bell Wednesday. Adjusted earnings per share came in at $2.12 for the second quarter, versus the consensus estimate of $1.90, per Refinitiv. Revenue was $8.60 billion, topping the $8.53 expected. Goldman Sachs subsequently hiked its price target by $15 to $340 a share, suggestions 58% upside.

$UBS Group (UBS.US)$ popped nearly 5% after UBS reported a second-quarter profit of $28.88 billion, versus the projected net profit of $12.8 billion, according to a Reuters poll.

$Shopify (SHOP.US)$ The e-commerce platform rallied about 7% after its announcement late Wednesday that its merchants can use Amazon's “Buy with Prime” option.

$CrowdStrike (CRWD.US)$ stock rose 1.4% after the cybersecurity company delivered better-than-expected second-quarter results as its AI-powered cybersecurity platform boosted new business wins.

$Ciena (CIEN.US)$ stock rose 4.2% after the optical networking company reported fiscal third-quarter results that topped forecasts, citing increased customer activity and an elevated backlog.

$Victoria's Secret (VSCO.US)$ stock fell 6.1% after the lingerie retailer forecast a decline in its third-quarter sales and missed its second-quarter results estimates.

$Dollar General (DG.US)$ stock slumped 15% after the discount retailer cut its annual same-store sales forecast as it expects customers to remain under pressure from still-high inflation and pull back on discretionary spending.

$Sage Therapeutics (SAGE.US)$ stock fell 0.1% after the biotech company said it would cut its workforce by about 40%, weeks after the U.S. health regulator declined to approve its drug to treat major depressive disorder.

$Palantir (PLTR.US)$ stock fell 3.7% after Morgan Stanley downgraded its stance on the big data analytics company to ‘underweight’ from ‘equal weight’, saying “near-term optimism in AI product cycle and valuation premium create an unfavorable risk-reward.”

$Chewy (CHWY.US)$ stock fell 4.1% after the pet products retailer offered up a weaker-than-expected full-year sales forecast, prompting Evercore ISI to downgrade its stance to ‘in line’ from ‘outperform’.

$Hostess Brands (TWNK.US)$ stock fell 0.6% after JPMorgan downgraded the bakery company to ‘neutral’ from ‘overweight’, amid uncertainty over the economic slowdown.

$Shopify (SHOP.US)$ was upgraded by Canaccird Genuity from Hold to Buy, increased target price from $60 to $70.

$Arista Networks (ANET.US)$ was upgraded by Citigroup from Neutral to Buy, increased target price to $220.

$Chewy (CHWY.US)$ was downgraded by Evercore ISI Group from Outperform to In-Line, decreased target price from $53 to $35.

$Victoria's Secret (VSCO.US)$ was downgraded by Wells Fargo from Overweight to Equal-Weight, decreased target price from $34 to $18.