Ten stocks capped off the trading week with strong gains, outperforming a lackluster performance on Wall Street, thanks to a series of corporate earnings and upbeat outlooks, among others.
On Wall Street, only the Dow Jones and the S&P 500 registered gains, up 0.10 percent and 0.05 percent, respectively. The Nasdaq, on the other hand, fell by 0.22 percent.
In this article, we focus on the 10 top-performing stocks on Thursday and detail the reasons behind their gains.
To come up with the list, we considered only the stocks with a $2 billion market capitalization and 5 million shares in trading volume.
Photo by Alphatradezone on Pexels
10. Procore Technologies Inc. (NYSE:PCOR)
Procore Technologies bounced back on Friday, jumping 9.31 percent to close at $52.34 apiece after a stellar earnings performance last year and posting a double-digit growth outlook for 2026.
In an updated report, Procore Technologies Inc. (NYSE:PCOR) narrowed its full-year net loss by 4.9 percent to $100.78 million from $105.96 million in 2024, while revenues jumped by 13 percent to $1.3 billion from $1.15 billion year-on-year.
In the fourth quarter alone, net loss declined by 40 percent to $37.6 million from $62.29 million, while revenues increased by 15.56 percent to $349 million from $302 million.
Net revenue retention rate also stood at 106 percent, while total organic customers ended at 17,850, with the addition of 227.
“We closed out a strong year with exceptional Q4 results. Procore has built an incredible franchise with amazing technology. We believe AI stands to be the next meaningful catalyst for our industry and that Procore is strongly positioned to be an AI winner as we drive immense efficiency gains across our customers and the entire construction lifecycle,” Procore Technologies Inc. (NYSE:PCOR) President and CEO Ajei Gopal said.
For the full-year 2026, Procore Technologies Inc. (NYSE:PCOR) is targeting to grow its revenues by 13 percent year-on-year to a range of $1.489 billion to $1.494 billion, while first-quarter revenues are expected to be in the range of 13 to 14 percent to $351 million to $353 million.
9. H&R Block Inc. (NYSE:HRB)
H&R Block rebounded by 9.56 percent on Friday to close at $31.05 apiece, as investors snapped up bargains following nine consecutive days of losses, while repositioning portfolios ahead of a dividend payment.
Common shareholders as of March 4 record are set to receive $0.42 per share on April 6, 2026.
Since 2016, H&R Block Inc. (NYSE:HRB) has grown its dividends by 110 percent and returned more than $5 billion to shareholders through dividend payments and share buyback transactions.
The initiative followed the release of H&R Block Inc.’s (NYSE:HRB) earnings performance in the second quarter of fiscal year 2026, where it narrowed its net loss to $242 million from $243 million in the same period a year earlier.
The figures brought its six-month net loss lower by 2 percent to $407.98 million from $416 million year-on-year.
Total revenues during the three-month period amounted to $198.86 million, an increase of 11 percent from the $179.07 million in the same quarter a year earlier, bringing the six-month tally higher by 8 percent to $402.4 million from $372.88 million.
For this year, H&R Block Inc. (NYSE:HRB) is targeting revenues to be in the range of $3.875 billion to $3.895 billion, or a jump of 3 to 3.5 percent from $3.76 billion in 2025.
Adjusted diluted earnings per share are projected at $4.85 to $5.
8. Solaris Energy Infrastructure Inc. (NYSE:SEI)
Solaris Energy soared to a new all-time high on Friday as investors took heart from a new partnership with Hatchbo LLC for the supply of power generation equipment for the latter’s AI computing needs.
At intra-day trading, the stock climbed to its highest price of $61.36 before trimming gains to finish the session just up by 10.03 percent at $56.63 apiece.
In a regulatory filing, Solaris Energy Infrastructure Inc. (NYSE:SEI) said that its subsidiary, Solaris Power Solutions, entered into a 10-year rental agreement with Hatchbo for the supply of 500 MW of power generation equipment for its data centers, with the option to tap another five-year extension. The lease contract would begin on January 1, 2027.
In other developments, Solaris Energy Infrastructure Inc. (NYSE:SEI) is set to announce the results of its earnings performance for the full-year and fourth quarter of 2025 before market hours on Wednesday, February 25.
For the fourth quarter, Solaris Energy Infrastructure Inc. (NYSE:SEI) is targeting total adjusted EBITDA of $65 million to $70 million, up from the prior guidance of $58 million to $63 million.
7. Fermi Inc. (NASDAQ:FRMI)
Fermi saw its share prices jump by 11.12 percent on Friday to close at $10.29 apiece as investors took heart from ongoing progress on its flagship 11-gigawatt Project Matador Campus outside Amarillo, Texas.
In partnership with Hyundai Engineering & Construction Co. Ltd., Fermi Inc. (NASDAQ:FRMI) said that it is now underway with Front-End Engineering Design activities, including site layout planning, cooling system evaluations, and cost and schedule development, which are necessary before it can start the engineering, procurement, and construction of the project.
Earlier this week, Fermi Inc. (NASDAQ:FRMI) successfully raised $500 million in fresh funds through debt to MUFG Bank Ltd., one of the 10 largest financial groups globally, proceeds of which will be used to support the development of Project Matador, with the company targeting to deliver an initial 2.3 GW of power.
A huge chunk will be used for the acquisition of three F-class gas turbines from Siemens Energy, while the balance will be allocated for the repayment of existing loans, as well as the delivery, completion, and deployment of additional turbines within its fleet within the first half of the year.
“This financing puts real muscle behind our strategy—securing long-lead equipment early, staying ahead of the market, and executing with certainty,” said Fermi Inc. (NASDAQ:FRMI) CEO Toby Neugebauer.
6. Fastly Inc. (NASDAQ:FSLY)
Fastly rallied to a new two-year high on Friday, as investors took heart from a strong earnings performance and a double-digit growth outlook for this year.
At intra-day trading, the stock climbed to its highest price of $19.14 before trimming gains to finish the session just up by 13.84 percent at $18.26 apiece.
In an earnings call, Fastly Inc. (NASDAQ:FSLY) said that it narrowed its net loss last year by 23 percent to $121.7 million from $158 million, while revenues grew by 14.7 percent to $624 million from $543.7 million.
In the fourth quarter alone, net loss shrank by 53 percent to $15.5 million from $32.9 million in the same period a year earlier.
Total revenues jumped by 22.7 percent to $172.6 million from $140.6 million year-on-year, thanks to a double-digit jump in contributions from network services, security, and compute and observability solutions.
Looking ahead, Fastly Inc. (NASDAQ:FSLY) is targeting full-year 2026 revenues to be in the range of $700 million to $720 million, or an implied growth of 12 percent to 15 percent year-on-year. Net income per share is also projected at $0.23 to $0.29.
For the first quarter alone, total revenues are pegged at a range of $168 million to $174 million, or a 16 percent to 20 percent implied growth from the $144.5 million reported in the same period last year.
Fastly Inc. (NASDAQ:FSLY) is a US-based cloud computing company providing edge computing and security services, whose major clients include Reddit, Shopify, and Stripe, among others.
5. ICON PLC (NASDAQ:ICLR)
ICON grew its share prices by 16.13 percent on Friday to finish at $93 apiece, as investors took heart from an investment firm’s reaffirmed positive coverage for its stock.
In a market report, TD Cowen maintained its “hold” recommendation on shares of ICON PLC (NASDAQ:ICLR) at a price of $183 apiece, marking a 97 percent upside potential from its latest closing price.
The rally came despite concerns in relation to the delay in the release of its earnings performance for the fourth quarter and full-year 2025.
According to ICON PLC (NASDAQ:ICLR), it is underway with an internal investigation into certain accounting practices and controls following concerns reported to the audit committee about revenue recognition in fiscal years 2023 through 2025.
“The company is in the process of evaluating the design and operation of certain internal controls over financial reporting and expects to report one or more material weaknesses as a result. While the investigation is continuing, at this time, preliminary indications are that the company’s revenue in 2023 and 2024 may have been overstated by less than two percent for each fiscal year. Due to the ongoing investigation, including a delay of normal quarter and year-end reporting processes, the company is not yet able to communicate its 2025 financial performance and is withdrawing its previously issued 2025 full-year financial guidance,” ICON PLC (NASDAQ:ICLR) said.
It added that it expects to release the official results on or before April 30, 2026.
4. Coinbase Global Inc. (NASDAQ:COIN)
Coinbase Global snapped a three-day losing streak on Friday, jumping 16.46 percent to finish at $164.32 apiece as investors took heart from seven investment firms’ “buy” recommendations for the stock despite lower price targets.
In separate market reports, Coinbase Global Inc. (NASDAQ:COIN) received “buy” recommendations from Benchmark, Rosenblatt, Needham, BTIG, Goldman Sachs, Canaccord, and HC Wainwright, despite them reducing their price targets to a range of $230 to $350. Still, the price target range marked an upside potential of 40 to 113 percent from its latest closing price.
Meanwhile, Coinbase Global Inc. (NASDAQ:COIN) received an “overweight” rating from JPMorgan, albeit the latter also cut its price target to $252 from $290.
Piper Sandler and Baird were both “neutral” about the stock, with both lowering their price targets to $150 and $165, from $270 and $240, respectively.
Barclays, for its part, issued an “equal weight” rating, while Jefferies suggested to “hold” shares of the company. Both firms slashed their price targets to $148 and $151, respectively.
Monness Crespi was the most pessimistic among the investment firms, turning to “sell” from “buy” prior, with a lower price target of $120 versus $375.
In other news, Coinbase Global Inc. (NASDAQ:COIN) dropped its net income attributable to shareholders by 50 percent last year to $1.277 billion from $2.59 billion in 2024. Total revenues, however, were up by 9.4 percent to $7.18 billion from $6.56 billion.
In the fourth quarter alone, the company swung to an attributable net loss of $666.7 million from an attributable net income of $1.29 billion, while revenues decreased by 21 percent to $1.78 billion from $2.27 billion.
3. Magna International Inc. (NYSE:MGA)
Magna International soared to a nearly four-year high on Friday, extending its winning streak to a sixth straight session, as investors cheered its revenue performance, hitting the higher end of its guidance, while loading portfolios amid an ongoing buyback program.
At intra-day trading, the stock jumped to its highest price of $69.94 before paring gains to end the day just up by 18.87 percent at $68.73 apiece.
In an updated report, Magna International Inc. (NYSE:MGA) said that it generated $42 billion in revenues for full-year 2025, hitting the high-end of its previous guidance of $41.1 billion to $42.1 billion. However, the figure was 1.8 percent lower than the $42.8 billion registered in 2024.
Attributable net income for the year amounted to $829 million, a drop of 17.8 percent from the $1.009 billion in 2024.
In the fourth quarter alone, sales totaled to $10.85 billion, or an increase of 2 percent from the $10.6 billion in the same period a year earlier. It also swung to an attributable net loss of $1 million from a $203 million attributable net profit in the same comparable period.
Looking ahead, Magna International Inc. (NYSE:MGA) is targeting to post sales of $41.9 billion to $43.5 billion for this year, as well as adjusted diluted earnings per share of $6.25 to $7.25.
To support company and shareholder value, Magna International Inc. (NYSE:MGA) underscored plans to continue repurchasing around 22 million more shares under its current buyback authorization program.
2. Rivian Automotive Inc. (NASDAQ:RIVN)
Rivian Automotive snapped two days of losses on Friday, surging 26.64 percent to close at $17.73 apiece as investors took heart from a mix of positive ratings and higher price targets from three investment companies.
In a market report, Deutsche Bank turned bullish for Rivian Automotive Inc. (NASDAQ:RIVN), upgrading its stock to “buy” from “hold” previously, while raising its price target by 44 percent to $23 from $16.
Meanwhile, Wedbush maintained its “outperform” rating and $25 price target for the stock, saying that its outlook for Rivian Automotive Inc. (NASDAQ:RIVN) remained positive despite a challenging market environment for electric vehicles.
It noted the EV firm’s fourth quarter earnings results, which beat expectations, alongside a “hittable” 2026 guidance of 54 percent growth year-on-year.
“We continue to remain confident in the long-term vision that RIVN is amid a massive transformation,” Wedbush said, underscoring the EV firm’s production of R1 vehicles and ramp-up of its R2 variants beginning this year.
It also noted its AI advancing capabilities with a new voice assistant powered by an in-house agentic AI framework, and that its custom chip for self-driving technology is expected to debut late this year across its F2 fleet.
Meanwhile, investment firm UBS upgraded its rating for Rivian Automotive Inc. (NASDAQ:RIVN) to “neutral” from “sell” previously, as well as its price target to $16 from $15 prior.
1. Tri Pointe Homes Inc. (NYSE:TPH)
Tri Pointe climbed to a new all-time high on Friday, as investors gobbled up shares following news that it is set to be acquired by Japan-based Sumitomo Forestry for $4.5 billion.
At intra-day trading, the stock jumped to its highest price of $46.47 before paring gains to finish the session just up by 26.80 percent at $46.37 apiece.
In a statement, Tri Pointe Homes Inc. (NYSE:TPH) said that it officially inked a definitive agreement to be acquired by Sumitomo for $47 per share in an all-cash transaction. The purchase price reflects a 28.5 percent premium over its closing price of $36.57 on Thursday, February 12.
Under the transaction, a subsidiary of Sumitomo Forestry will merge with Tri Pointe Homes Inc. (NYSE:TPH), effectively making it a wholly owned subsidiary of Sumitomo Forestry America, Inc.
The transaction is expected for completion in the second quarter of the year, subject to customary closing conditions, including the approval of shareholders.
“This transaction delivers compelling cash value for our stockholders while accelerating our long-term growth strategy as an independent brand within a scaled, multi-faceted platform. Sumitomo Forestry’s expertise across the housing value chain will support our shared mission to serve the next generation of homebuyers,” Tri Pointe Homes Inc. (NYSE:TPH) CEO Doug Bauer said.
While we acknowledge the potential of TPH to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than TPH and that has 100x upside potential, check out our report about this cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge fund investor letters by entering your email below.
Hedge Fund Resource Center