Market Movers: Target, TJX, Applovin Lead the Surge with Strong Ratings

1. Target (NYSE: TGT)
Target surged by 10.36%. Target's Q2 sales rose 2.6% to $25.02 billion, surpassing expectations; same-store sales increased 2%. Morgan Stanley and Telsey Advisory Group maintain overweight and outperform ratings with targets of $190.00. Oppenheimer also maintains outperform with a $180.00 target.

2. The Tjxmpanies (NYSE: TJX)
The Tjxmpanies surged by 6.06%. The Tjx will report its Q2 fiscal 2025 financial results on August 21, 2024. Telsey Advisory Group and Evercore ISI Group both maintained their "Outperform" ratings with new target prices of $128.00 and $126.00, respectively. Morgan Stanley maintained an "Overweight" rating with a price target of $122.00.

3. Applovin (Nasdaq: APP)
Applovin gained solidly by 4.98%. Applovin disclosed insider trades involving board member Vivas Eduardo and executive Stumpf Matthew. Wedbush maintained an Outperform rating, lowering the price target to $90. Applovin reported a net profit of $5.46 billion for the first half of fiscal 2024.

4. Monolithic Power Systems (Nasdaq: MPWR)
Monolithic Power Systems gained solidly by 4.69%. TD Cowen maintains Monolithic Power rating at Buy with a price target of $1100. Needham maintains Buy, raising the price target to $1000. Raymond James maintains Outperform with a price target of $925. Monolithic Power reported H1 2024 revenue of $965 million, net income decreased by 7.83%.

5. Coinbase Global (Nasdaq: COIN)
Coinbase Global gained solidly by 4.55%. Coinbase Global disclosed 14 insider transactions on August 16, 2024, and 21 insider transactions on August 7, 2024. Major shareholder Armstrong Brian sold 7,617 shares on August 15 and 2,844 shares on August 5. Compass Point, Needham, and B of A Securities maintained ratings on Coinbase Global.