Gilead Sciences, Inc. (NASDAQ:GILD) saw a surge in stock performance, hitting a new high on strong earnings and positive ratings from 10 investment firms. Net income rose 22.5% to $1.96 billion, while revenues increased by 1.88% to $7.08 billion year-on-year.

Peloton Interactive (PTON) reported a significant turnaround with net income of $3.275 billion in the first half, compared to a $2.5 billion loss in the same period last year. Revenues remained steady at $13.7 billion, leading to a rally in stock price.

Multiple investment firms, including Morgan Stanley and BofA Securities, raised price targets for Gilead Sciences, Inc. (NASDAQ:GILD) to reflect positive outlook. The company also increased its full-year product sales growth forecast and diluted EPS, signaling a confident future for the stock.

Read more at Yahoo Finance: Gilead Sciences (GILD) Touches New Record High as 10 Analysts Turn Bullish