PRISM Stocks making the biggest moves premarket: Target, Palo Alto Networks, Lowe's, UnitedHealth and more

Stay informed about the latest market movers and making headlines before the bell.

Palo Alto Networks: Despite a 3.7% dip in shares following lower-than-expected gross margins for its fiscal third quarter, Palo Alto Networks outperformed its earnings and revenue expectations.

UnitedHealth: Shares fell by over 6% following a downgrade from HSBC, which cited still-elevated valuations despite a recent downturn.

Target: The retailers stock dropped 3.5% after missing first-quarter revenue estimates and cutting its full-year sales outlook. Contributing factors included tariff uncertainty, weaker discretionary spending, and backlash from changes to diversity, equity, and inclusion efforts.

Lowes: Shares of the home improvement retailer rose 2% as it reaffirmed its full-year forecast, indicating potential year-over-year sales growth. The company reported $2.92 earnings per share, surpassing LSEGs estimate of $2.88, with revenue slightly lower than expected at $20.93 billion.

Toll Brothers: The homebuilder saw a gain of more than 4% after surpassing fiscal second-quarter expectations, reporting $3.50 in earnings per share on $2.74 billion in revenue, compared to the expected $2.83 and $2.48 billion.

Carters: The childrens clothing companys shares fell 6% after reducing its quarterly dividend from 80 cents to 25 cents per share. The chief executive cited higher tariffs and profitability misalignment as reasons for the change.

Wolfspeed: Shares plummeted over 60% after reports suggested the semiconductor supplier may file for bankruptcy within weeks.

Xpeng: The Chinese EV maker saw a more than 5% rise in the premarket after reporting a smaller-than-expected first-quarter loss. Xpeng forecasts delivering 102,000 to 108,000 vehicles in the second quarter, marking a year-over-year increase exceeding 200%.

Stay on top of these trends as they could impact your investment strategy.

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