U.S. stocks were mixed, with the Nasdaq Composite gaining more than 100 points on Friday.
Shares of Ulta Beauty, Inc. (NASDAQ:ULTA) rose sharply during Friday’s session after the company reported better-than-expected third-quarter financial results and raised its FY24 outlook.
Ulta Beauty reported quarterly earnings of $5.14 per share, which beat the analyst consensus estimate of $4.54. Quarterly revenue came in at $2.53 billion, which beat the analyst consensus estimate of $2.5 billion and is an increase over sales of $2.49 billion from the same period last year.
Also, Telsey Advisory Group maintained an Outperform rating on the stock and raised its price target from $450 to $500.
Ulta Beauty shares jumped 10.4% to $433.76 on Friday.
Here are some other big stocks recording gains in today's session.
- ZJK Industrial Co., Ltd. (NASDAQ:ZJK) shares jumped 52.5% to $15.39.
- Asana, Inc. (NYSE:ASAN) jumped 41.6% to $21.89 after the company reported better-than-expected third-quarter financial results and issued FY25 guidance above estimates. Also, Piper Sandler and Baird raised their respective price targets on the stock.
- Rubrik, Inc. (NYSE:RBRK) gained 33.3% to $71.54 after the company reported better-than-expected third-quarter financial results and issued fourth-quarter revenue guidance above estimates. Also, Keybanc maintained an Overweight rating on the stock and raised its price target from $57 to $75.
- Nano-X Imaging Ltd. (NASDAQ:NNOX) surged 29.5% to $8.08. Cantor Fitzgerald analyst Ross Osborn maintained Nano X Imaging with an Overweight and raised the price target from $11 to $12.
- D-Wave Quantum Inc. (NYSE:QBTS) gained 28.6% to $4.8465.
- Rigetti Computing, Inc. (NASDAQ:RGTI) surged 25.9% to $4.0050.
- DocuSign, Inc. (NASDAQ:DOCU) gained 25.2% to $104.79 after the company reported better-than-expected third-quarter financial results and issued FY25 revenue guidance above estimates.
- Serve Robotics Inc. (NASDAQ:SERV) climbed 21.5% to $11.58.
- Canaan Inc. (NASDAQ:CAN) gained 20.8% to $2.72 after Rosenblatt maintained a Buy rating on the stock and raised its price target from $3 to $4.
- Recursion Pharmaceuticals, Inc. (NASDAQ:RXRX) gained 19.8% to $7.90.
- Lululemon Athletica Inc. (NASDAQ:LULU) rose 18.2% to $407.50 following upbeat quarterly earnings.
- Hut 8 Corp. (NASDAQ:HUT) gained 15% to $31.77 after the company provided operational updates for November 2024. The company produced 94 BTC for a total of 9,122 on its balance sheet.
- Aurora Innovation, Inc. (NASDAQ:AUR) surged 14.7% to $7.94.
- Hewlett Packard Enterprise Company (NYSE:HPE) rose 10.8% to $24.00 after the company reported better-than-expected quarterly financial results.
- AST SpaceMobile, Inc. (NASDAQ:ASTS) gained 10.8% to $24.96.
- Veeva Systems Inc. (NYSE:VEEV) gained 10.3% to $255.60 after the company reported a year-over-year increase in third-quarter financial results. Also, Piper Sandler and Needham raised their respective price targets on the stock.
- Victoria’s Secret & Co. (NYSE:VSCO) jumped 9% to $46.91 following third-quarter results.
- Wayfair Inc. (NYSE:W) gained 8.7% to $53.62.
- AppLovin Corporation (NASDAQ:APP) gained 7.7% to $408.34 after Macquarie maintained an Outperform rating on the stock and raised its price target from $270 to $450.
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