CVS, DASH, and UPST are surging after their respective quarterly wins
Hotter-than-expected inflation data is pressuring stocks this morning, but the shares of CVS Health Corp (NYSE:CVS), DoorDash Inc (NASDAQ:DASH), and Upstart Holdings Inc (NASDAQ:UPST) are bucking today's headwinds, thanks to a round of upbeat earnings.
CVS Eyes Best Day Ever
CVS is up 14.9% to trade at $63.22 at last glance, after the pharma retailer reported better-than-expected earnings and revenue for the fourth quarter, while its 2025 profit outlook met expectations. Shares are on track for a third-straight gain and best single-day percentage pop on record, and earlier surged to their highest level since October. CVS has already added 40.2% in 2025.
DoorDash Stock Hits Record High
DASH was seen up 2.6% to trade at $198.13, and earlier hit a record high of $200.31 after the food delivery name surpassed revenue expectations for the fourth quarter, announced a $5 billion share buyback, and issued an upbeat demand forecast. The stock boasts a 71.1% year-over-year lead, and at least 14 analysts hiked their price objectives, including Deutsche Bank to $246 from $224.
Upstart Stock Upgraded
UPST is up a 29.5% to trade at $87.21 at last check, set for its sixth gain in the last seven sessions, as well as its best day since August. Today's surge comes after the company shared a surprise profit for the fourth quarter, beat revenue estimates, and issued a strong full-year revenue outlook. Shares surged to a two-year high of $89.47 earlier and now sport a 214.1% nine-month lead, after four price-target hikes and an upgrade from J.P. Morgan Securities to "neutral" from "underweight."