Today's Morning Movers and Top Ratings: ABNB, UBER, EXPE, AMAT and More

$Gap Inc(GPS.US)$ Shares of Gap surged 20% in premarket trading on Friday as investors cheered signs that the apparel maker's efforts to bring in trendier and in-demand clothing at its Old Navy brand and keep inventory under control were paying off. Comparable sales at Old Navy rose 1% in the third quarter, the first increase in 10 quarters.

$Expedia(EXPE.US)$shares rose as much as 3.2% after Evercore ISI upgraded the rating to Outperform from In-line. Evercore ISI sets a price target at a joint Street-high of $200 for Expedia, highlighting the company's positioning at a "fundamental inflection point." Analysts anticipate that revenue growth will accelerate in 2024, coupled with an expansion in EBITDA margin.

$Uber Technologies(UBER.US)$ shares rose by 0.4% in premarket trading. The company has experienced a mix of financial outcomes over the trailing twelve months leading up to September 2023. The ride-hailing giant has demonstrated some positive developments, notably transitioning from losses to profits over the past five years.

$Applied Materials(AMAT.US)$ has posted fiscal fourth quarter results that beat estimates. However, shares in the largest U.S. semiconductor equipment maker tumbled 7.50% in premarket trading on Friday on a report that it is under investigation.

$Airbnb(ABNB.US)$ shares fell by 0.62% in U.S. premarket trading, following Evercore ISI's decision to downgrade the holiday rentals platform operator from Outperform to In-line.

$BJ's Wholesale Club Holdings(BJ.US)$ reported third-quarter results today, with adjusted earnings per share (EPS) coming in at 98 cents, slightly below the previous year's 99 cents but surpassing the estimated 95 cents. Revenue came in at $4.92 billion, up almost 3% YoY and matching the analyst consensus.