Ten stocks capped off the trading week, boasting strong gains and mirroring a broader market rally, on the back of more strong corporate earnings results that continued to spark buying appetite.
Notably, five out of the 10 firms rallied to new record highs.
Meanwhile, the tech-heavy Nasdaq led gains among Wall Street’s main indices, adding 0.98 percent, followed by the S&P 500 with a 0.78-percent jump, and the Dow Jones with a 0.4 percent increase.
Indices aside, we name the 10 companies that soared in Friday’s trading session and break down the reasons behind their gains. To compile the list, we focused exclusively on stocks with $2 billion in market capitalization and at least 5 million shares in trading volume.
A man in a black suit and holding a tablet, monitoring stock market data. Photo by Tima Miroshnichenko on Pexels
10. BigBear.ai Holdings, Inc. (NYSE:BBAI)
BigBear snapped a three-day losing streak on Friday, adding 8.02 percent to close at $7.14 apiece as investors repositioned portfolios ahead of the release of its earnings performance.
According to information on its website, BigBear.ai Holdings, Inc. (NYSE:BBAI) will announce its financial and operating results after the market close on Monday, August 11. An investor call will be held later that evening.
In recent news, BigBear.ai Holdings, Inc. (NYSE:BBAI) struck a partnership with defense company Defcon AI to collaborate on advanced, next-generation technologies to support military readiness.
In particular, the two companies will co-develop on-demand advanced modeling, simulation, and data integration solutions to support contested logistics, joint force sustainment, and readiness assessments across the global defense enterprise.
“Together, we will help deliver scalable, integrable solutions to the defense community’s most pressing logistics and readiness challenges from tactical operations at the Southwest border to strategic campaigns in the Indo-Pacific,” said BigBear.ai Holdings, Inc. (NYSE:BBAI) CEO Kevin McAleenan.
9. Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)
Kratos Defense rallied to a new all-time high on Friday as investors cheered its higher growth outlook for full-year 2025, while taking heart from whopping price targets from investment firms.
At intra-day trading, Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) touched a new 52-week high of $66.13, before a slight profit-taking pulled its share price lower to end the day just up by 8.12 percent at $63.88.
In its updated report, the company raised its revenue growth forecast for the full year to $1.29 billion to $1.31 billion, from the $1.26 billion to $1.285 billion previously, as it expects to benefit from the US government’s aggressive defense and security programs.
In its market report, Raymond James raised its price target for the company to $80 from $40 previously, while maintaining a “strong buy” recommendation” on expectations that it would grow its revenues to $2 billion over the next two years, reflecting an annual growth of more than 20 percent over the next five years, from only 10 percent at present.
In a separate report, Royal Bank of Canada upgraded its price target for the company to $65 from $50 previously, while reaffirming an “outperform” rating.
In the second quarter of the year, Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) dropped its net income by 63 percent to $2.9 million from $7.9 million in the same period last year. Total revenues jumped by 17 percent to $351.5 million from $300.1 million year-on-year.
8. Gilead Sciences, Inc. (NASDAQ:GILD)
Gilead Sciences jumped to a new all-time high on Friday as investors cheered its impressive earnings performance in the second quarter of the year, alongside bullish ratings and price targets from 10 investment firms.
Based on its updated report, Gilead Sciences, Inc. (NASDAQ:GILD) grew its attributable net income by 22.5 percent to $1.96 billion from $1.6 billion in the same period last year, while revenues inched up by 1.88 percent to $7.08 billion from $6.95 billion year-on-year.
In the first half, the company swung to an attributable net income of $3.275 billion from a $2.5 billion net loss in the same comparable period. Revenues, however, were flat at $13.7 billion.
Following the results, 10 analysts went bullish for Gilead Sciences, Inc. (NASDAQ:GILD), giving the latter “buy” and “overweight” ratings, alongside higher price targets.
Among the highest to rate, Morgan Stanley raised its price target to $143 from $135; BofA Securities at $140 versus $126; BMO Capital with $130 versus $120; and JPMorgan at $135 versus $130.
Other firms such as RBC, TD Cowen, Goldman Sachs, Baird, UBS, Truist Securities, and Oppenheimer, also assigned bullish ratings for the stock.
For the full-year period, Gilead Sciences, Inc. (NASDAQ:GILD) increased its product sales growth forecast to a range of $28.3 billion to $28.7 billion, versus the $28.2 billion to $28.6 billion previously. Diluted EPS was also upgraded to $5.85 to $6.15 from the $5.65 to $6.05 prior.
7. Peloton Interactive, Inc. (NASDAQ:PTON)
Peloton Interactive rallied for a second day on Friday, jumping 10.27 percent to close at $7.84 apiece, as investors cheered its earnings beat for the full fiscal year of 2025, alongside higher price targets from investment firms.
In an updated report, Peloton Interactive, Inc. (NASDAQ:PTON) said it exceeded its full-year guidance on all key metrics, including revenue expectations of $2.455 billion to $2.470 billion, having posted actual revenues of $2.49 billion. The figure, however, was 7.8 percent lower than the $2.7 billion registered in the full fiscal year of 2024. Net loss also narrowed by 78 percent to $118.9 million from $551.9 million year-on-year.
In the fourth quarter period, revenues decreased by 5.7 percent to $606.9 million from $643.6 million year-on-year, while a $21.6 million net income reversed a $30.5 million net loss in the same comparable period.
Following the results, Goldman Sachs gave Peloton Interactive, Inc. (NASDAQ:PTON) increased its price target to $11.5 from $7 prior, while Deutsche Bank raised its target to $8.20 from $7.80 with a “buy” recommendation.
UBS maintained its price at $11 with a “buy” recommendation, while Bernstein reaffirmed its price target of $7.5 with a “market perform” rating.
6. Tripadvisor, Inc. (NASDAQ:TRIP)
Tripadvisor touched a new all-time high on Friday as investors gobbled up shares following an impressive earnings performance and two analysts’ reaffirmation of their bullish stance on the stock.
In intra-day trading, Tripadvisor, Inc. (NASDAQ:TRIP) rallied to its highest 52-week price of $19.26 before paring gains to end the day just up by 11.68 percent at $17.97.
This followed a strong performance in the second quarter of the year, after GAAP net income increased by 49 percent to $36 million from $24 million in the same period last year, while total revenues rose by 7 percent to $529 million from $497 million year-on-year.
In the first half, Tripadvisor, Inc. (NASDAQ:TRIP) swung to a net profit of $25 million from a $35 million net loss in the same period last year. Revenues inched up by 3.9 percent to $927 million from $892 million.
Following the results, Tripadvisor, Inc. (NASDAQ:TRIP) earned a price target of $20 from both Bernstein and Wedbush.
Bernstein maintained its “outperform” rating, while Wedbush kept its “neutral” stance on the stock.
5. Doximity, Inc. (NYSE:DOCS)
Doximity Inc. extended its winning streak to a third consecutive day on Friday, jumping 13.71 percent to close at $66.58 apiece as investors continued to load up positions following a strong earnings performance and its increasing adoption of artificial intelligence.
In its updated report, Doximity, Inc. (NYSE:DOCS) registered a net income of $53.3 million in the first quarter of fiscal year 2026, marking a 28-percent growth from the $41.37 million in the same period last year. Revenues grew by 15 percent to $145.9 million from $126.68 million year-on-year.
For the full fiscal year 2026 period, Doximity, Inc. (NYSE:DOCS) targets to book $628 million to $636 million in revenues, or a 10 to 11.5 percent growth from the $570.4 million registered in full fiscal year 2025. Adjusted EBITDA is also expected to grow between 8.7 and 11.2 percent to $341 million to $349 million, from the $313.8 million posted a year earlier.
Earlier this week, Doximity, Inc. (NYSE:DOCS) announced the completion of its $63 million merger with AI-powered platform Pathway Medical Inc.
According to Doximity, Inc. (NYSE:DOCS), Pathway’s model outperforms others in clinical accuracy, recently scoring a record 96 percent on the US Medical Licensing Examination benchmark.
“There’s a growing need for clinical tools that combine trusted evidence with the speed and adaptability of AI,” said Pathway CEO Jon Hershon. “Hundreds of thousands of users have registered for Pathway, and thousands pay $300 per year for our premium product. With Doximity, one of the most trusted platforms in healthcare, we’re now bringing that experience to millions for free, built directly into the tools they already use at the point of care.”
4. Bitmine Immersion Technologies, Inc. (NYSEAmerican:BMNR)
Bitmine Immersion extended its winning streak to a fourth consecutive day on Friday, soaring 24.59 percent to close at $51.43 apiece, as investors gobbled up shares following Ethereum’s rally past the $4,000 level that easily translated to as much as $423 million in gains.
Investors were quick to load up positions in Bitmine Immersion Technologies, Inc. (NYSEAmerican:BMNR) after announcing on Monday that it is now the world’s largest Ethereum treasury holder to date.
This followed the acquisition of worth $3 billion Ethereum coins, involving 833,137 units at an average price of $3,491.86. The transaction was made in just more than 30 days after announcing its ETH Treasury strategy in June this year.
From the average acquisition price, Bitmine Immersion Technologies, Inc.’s (NYSEAmerican:BMNR) ETH ownership already translates to gains of more than $423 million.
Bitmine Immersion Technologies, Inc. (NYSEAmerican:BMNR) claims to be the third largest cryptocurrency treasury holder to date, next to Strategy Inc. (NASDAQ:MSTR) and MARA Holdings Inc. (NASDAQ:MARA). It said it plans to bolster its treasury of ETH to up to 5 percent of the total supply.
3. SoundHound AI, Inc. (NASDAQ:SOUN)
SoundHound AI snapped a two-day losing streak on Friday, soaring 26.4 percent to close at $13.55 apiece as investor sentiment was boosted by its strong earnings performance and higher growth outlook for the year.
In an updated report, SoundHound AI, Inc. (NASDAQ:SOUN) said it narrowed its non-GAAP net loss by 20 percent to $11.86 million from $14.89 million in the same period last year, but widened its GAAP net loss by 100 percent to $78 million from $37 million year-on-year.
Revenues, on the other hand, soared by 217 percent to $42.68 million from only $13.46 million in the same period last year.
Encouraged by the strong figures, SoundHound AI, Inc. (NASDAQ:SOUN) raised its full-year revenue growth outlook to a range of $160 million to $178 million, from the previous forecast of $156 million to $177 million.
Following the results, Northland Securities raised its price target for the company to $14.5 from $8 previously, while upgrading its rating to “outperform” from “market perform” on expectations that SoundHound AI, Inc. (NASDAQ:SOUN) will achieve a 36-percent growth in the second half of the year and 52 percent in the fourth quarter alone.
2. LegalZoom.com, Inc. (NASDAQ:LZ)
LegalZoom soared to a new all-time high on Friday, as investors cheered its higher growth outlook for the full-year period, alongside an analyst’s turning bullish for the company.
At intra-day trading, LegalZoom.com, Inc. (NASDAQ:LZ) hit a new record high of $11.93 before paring gains to end the day just up by 31.18 percent at $10.98 apiece.
This followed a year-on-year revenue growth forecast of 8 percent, versus the 5 percent as expected previously, on expectations of a double-digit subscription revenue growth in the second half. Adjusted EBITDA growth was maintained at around 23 percent.
For the third quarter, LegalZoom.com, Inc. (NASDAQ:LZ) said it targets to hit between $182 million and $184 million in revenues, with adjusted EBITDA of $44 million to $46 million.
In the second quarter of the year, LegalZoom.com, Inc. (NASDAQ:LZ) grew its non-GAAP net income by 50 percent to $28 million from $18.8 million in the same period last year. However, it swung to a net loss of $266 million from a $1.3 billion net income on a GAAP basis.
Revenues grew by 9 percent to $193 million from $177 million in the same comparable period.
Following the results, Bank of America turned bullish on the company, now assigning a “buy” recommendation versus an “underperform” rating previously, while raising its price target to $12 from $8 previously.
1. Heartflow, Inc. (NASDAQ:HTFL)
Heartflow Inc. saw its share prices surge by as high as 66 percent on its first day as a publicly listed company, amid a strong market appetite bolstered by softer trade policy expectations and lower interest rates.
In its market debut, Heartflow, Inc. (NASDAQ:HTFL) opened the day at $28 and surged to as high as $31.5 before paring gains to end the day just up by 51.32 percent at $28.75.
During its market debut, Heartflow, Inc. (NASDAQ:HTFL) was already valued as much as $2.33 billion.
Heartflow, Inc. (NASDAQ:HTFL) successfully raised $316.7 million from its IPO, having sold 16.67 million shares at a price of $19 apiece. The entire shares were offered by the company, with the offering expected to close on Monday, August 11.
Additionally, it granted its underwriters a 30-day option to purchase up to 2.5 million shares at the IPO price, less underwriting discounts and commissions.
Heartflow, Inc. (NASDAQ:HTFL) is a medical technology firm backed by private investment firm Bain Capital. Its core business is to advance coronary care by transforming coronary artery disease into a screenable, diagnosable, and manageable condition.
While we acknowledge the potential of HTFL 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 HTFL and that has 100x upside potential, check out our report about this cheapest AI stock.
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