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Stocks making the biggest premarket moves: Rivian, Micron, Adobe, Ulta and more

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These are the stocks posting the largest moves in the premarket.

Check out the companies making the biggest moves in premarket trading: Rivian Automotive — The EV stock added nearly 4% following an upgrade by Piper Sandler to overweight . The firm also upped its price target to $21 from $15, suggesting 96% upside from Thursday's close. Analyst Alexander Potter cited Rivian's new product launch and its decision to delay capital spending for the call. Micron Technology — The semiconductor stock added 2.5%.

Coinbase and Microstrategy shed about 6% and 5%, respectively. Marathon Digital slipped 4%. Shares had ripped higher as bitcoin climbed. Cardlytics — Shares soared 50% a day after the advertising company's 2023 adjusted earnings before interest, taxes, depreciation and amortization turned positive for the first time since 2019. Its first-quarter forecast also came in higher than expected. PagerDuty — Shares dropped 8.

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