Top Stocks Surge: Workday Leads with 12.49% Jump, Coinbase and Rocket Close Behind!

1. Workday (Nasdaq: WDAY)
Workday surged by 12.49%. Workday's Q1 FY2025 revenue rose 18.17% year-over-year to $19.90 billion. On August 23, Needham reiterated its Buy rating with a $350 target, Evercore ISI Group maintained Outperform at $310, Barclays maintained Overweight at $289, and Piper Sandler reaffirmed Overweight with a $285 target.

2. Coinbase Global (Nasdaq: COIN)
Coinbase Global surged by 6.54%. Coinbase Global disclosed 68 insider transactions on August 22, including Brock Lawrence J selling 3250 shares on August 20. Additionally, on August 16, it disclosed 14 insider transactions, with Armstrong Brian selling 7617 shares on August 15. On August 7, it disclosed 21 insider transactions, including Armstrong Brian selling 2844 shares on August 5. Compass Point and Needham reiterated their buy ratings, with targets of $295 and $260, respectively.

3. Rocketmpanies (NYSE: RKT)
Rocketmpanies gained solidly by 5.52%. Rocket Companies reported a net profit of $469 million and revenue of $2.684 billion for the first half of fiscal 2024. Ratings on Rocket Companies were maintained by Deutsche Bank, Wedbush, Barclays, and JP Morgan, with varied target prices.

4. Truist Financial (NYSE: TFC)
Truist Financial gained solidly by 4.71%. Truist Financial reported second-quarter fiscal 2024 results with a net income of $21.22 billion and revenue of $31.33 billion, both showing significant declines. Wolfe Research upgraded its rating to Peer Perform, while Morgan Stanley maintained an Equal-Weight rating with a price target of $51.00.

5. Marvell Technology (Nasdaq: MRVL)
Marvell Technology gained solidly by 4.63%. Rosenblatt maintains a Buy rating for Marvell Technology with a target price of $100.00. Marvell Technology reported Q1 2025 revenue of $1.61 billion and a net loss of $216 million as of May 4, 2024.