5 Top Stock Gainers for Friday: Fisker, HubSpot, Illumina
Stocks closed at record highs on Friday as investors began their three-day holiday weekend.
Here are some of the market's biggest gainers for Friday:
1. Fisker | Percentage Increase 22.9%
Fisker (FSR) and QuantumScape (QS) were both surging after a Morgan Stanley analyst initiated coverage on shares of the electric vehicle companies with overweight ratings.
Analyst Adam Jonas set a $70 price target for QuantumScape and a $27 price target for Fisker.
2. HubSpot | Percentage Increase 16.1%
Shares of HubSpot (HUBS) soared as analysts raised their ratings and price targets for the customer relationship management platform after a strong earnings report.
Morgan Stanley lifted its price target to $567 from $435, while Mizuho increased its price target to $525 from $360.
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3. ImmunoGen | Percentage Increase 30.1%
ImmunoGen (IMGN) shares skyrocketed after the biotech company beat Wall Street's fourth-quarter earnings and revenue estimates.
Revenue surged 91% to $44.9 million, beating Wall Street consensus estimates. Net income came to $31.4 million, or 16 cents a share.
4. NantKwest | Percentage Increase 18.7%
NantKwest (NK) rose after the Food and Drug Administration authorized expansion of an active Phase 1 COVID-19 vaccine trial developed by NantKwest's merger partner ImmunityBio.
The FDA also authorized a second Phase 1 study that will examine the addition of an oral boost to the subcutaneous prime administration.
5. Illumina | Percentage Increase 11.9%
Shares of Illumina (ILMN) were climbing after the genomic sequencing company reported record revenue in the fourth quarter of $953 million.
Adjusted earnings were $179 million, or $1.22 a diluted share, beating Wall Street's consensus estimate of $1.11.
