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News for India > Finance > Stocks making the biggest moves premarket: Target, Best Buy, On Holding, MongoDB & more
Finance

Stocks making the biggest moves premarket: Target, Best Buy, On Holding, MongoDB & more

Last updated: March 3, 2026 5:56 pm
6 hours ago
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Check out the companies making headlines before the bell: Target — The big box retailer jumped more than 3% on better-than-expected earnings for the fourth quarter. Target earned an adjusted $2.44 per share, which topped the $2.16 per share analysts polled by LSEG were anticipating. Revenue of $30.45 billion came in just below consensus. Best Buy — The electronics retailer rallied more than 9% after Best Buy posted adjusted per-share earnings of $2.61 in the fourth quarter, better than the earnings of $2.47 per share analysts polled by LSEG were anticipating. Revenue of $13.81 billion fell short of the consensus estimate of $13.88 billion. On Holding — The Swiss sneaker maker dropped nearly 10% after its 2026 guidance disappointed investors . On Holding expects net sales to grow by at least 23% in constant currencies, which, at spot rates, implies sales of at least 3.44 billion Swiss francs. That is short of the consensus estimate of 3.7 billion francs. However, the company reported record sales and improved profitability for 2025 and its fourth-quarter net sales topped expectations. MongoDB — The software developer plunged more than 26%. MongoDB said it sees first-quarter adjusted earnings per share of between $1.15 and $1.19 and revenue of between $659 million and $664 million. Analysts polled by LSEG expected earnings of $1.21 per share and $662 million in revenue for the first quarter. Plug Power — The developer of hydrogen and fuel cells surged more than 10% after Plug Power reported strong sales in its fourth quarter. Plug Power posted an adjusted loss of 6 cents per share for the period, better than the 10 cents per share loss analysts polled by LSEG were calling for. The company’s revenue of $225 million was also higher than the $218 million expected. Credo Technology — The stock dropped more than 10% after the company’s non-GAAP gross margin forecast for its fourth quarter ranged from 64% to 66%, versus the LSEG consensus estimate of 65.1%. Credo, a provider of Ethernet connectivity solutions, beat analysts’ earnings and revenue estimates for its third quarter. Dave — The fintech company’s shares popped more than 6% after Dave provided strong full-year guidance. Dave said it expects adjusted EBITDA — earnings before interest, taxes, depreciation, and amortization — to come out between $290 million and $305 million, higher than the estimate of $252.7 million from analysts polled by FactSet. Dave also guided its full-year revenue to between $690 million and $710 million, which is significantly higher than analysts’ forecast of $637.6 million, per FactSet. Tidewater – Shares gained 1.3% after Tidewater, which provides offshore service vessels to the energy industry, raised its guidance for the full year . The company is calling for revenue to range from $1.43 billion to $1.48 billion, accounting for its acquisition of Wilson Sons Ultratug Offshore. That’s up from its previous range of $1.32 billion to $1.37 billion. The outlook also beat the FactSet consensus call for $1.36 billion. Archer Aviation – The developer of electric vertical takeoff and landing aircraft saw shares drop 4.5%. Archer is calling for an adjusted loss before interest, taxes, depreciation and amortization ranging from $160 million to $180 million in the first quarter. That’s wider than the FactSet consensus estimate of a loss of $112.1 million. — CNBC’s Michelle Fox, Darla Mercado and Pia Singh contributed reporting



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