5 Top Stock Gainers for Friday: Gap, Imax, Oracle
Stocks finished higher Friday with tech stocks rebounding after bond yields steadied.
Here are some of the market's biggest gainers for Friday:
1. Gap | Increase 7.6%
Gap (GPS) rose after its latest earnings report drew a positive reaction from J.P. Morgan analyst Matthew Boss, who raised his price target on the stock to $32 from $30 and affirmed his overweight rating.
Gap posted better-than-expected earnings, but missed on sales.
2. Imax | Increase 19%
Imax (IMAX) climbed after Macquarie analyst Chad Beynon raised his price target on the motion picture technology company to $25 from $24 while keeping an outperform rating after the company's fourth-quarter earnings beat.
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Benchmark analyst Mike Hickey raised his target on Imax to $24 from $22 while keeping a buy rating.
3. Oracle | Increase 6.7%
Shares of Oracle (ORCL) advanced after Barclays analyst Raimo Lenschow upgraded shares of the software giant to overweight from equal weight and raised his share price target to $80 from $66.
He said investors have ignored Oracle because strong cloud products like Fusion were overshadowed by poorly performing segments.
4. IDT | Increase 18%
IDT (IDT) jumped after the payment and communications company said second-quarter revenue increased 5% to $340 million from $324 million a year earlier, while adjusted Ebitda more than doubled to $16.3 million from $7.4 million.
5. W&T Offshore | Increase 21%
Shares of W&T Offshore (WTI) surged after the independent oil and natural gas producer recently beat Wall Street's fourth-quarter-earnings expectations.
Oil companies in general were climbing after U.S. oil prices traded past $66 for the first time in nearly two years.
