Check out the companies making headlines before the bell. Carvana — Shares gained more than 5% after RBC upgraded the stock to sector perform from underperform. The firm cited a reasonable valuation and a favorable setup for unit acceleration. MongoDB — Shares fell more than 8% after the company issued disappointing first-quarter and full-year guidance Thursday. Meanwhile, MongoDB beat fourth-quarter expectations. The database software maker posted adjusted earnings of 86 cents per share on revenue of $458 million. Analysts had called for earnings of 47 cents per share and $433 million in revenue, according to LSEG. DocuSign — The stock rallied 8.4% after the company beat expectations and gave positive first-quarter guidance. DocuSign reported fourth-quarter adjusted earnings of 76 cents per share on revenue of $712 million for the period. According to analysts surveyed by LSEG, Wall Street had expected earnings of 64 cents per share on $699 million in revenue. Li Auto — U.S.-traded shares of the Chinese EV-maker gained 1.7% after Deutsche Bank initiated coverage with a buy rating on the stock and named it a top pick. Deutsche said Li Auto’s market positioning could be a catalyst for the stock. Gap — The apparel retailer’s stock jumped 8% after earnings came well above Wall Street’s forecasts for the latest quarter. Gap posted earnings per share of 49 cents on $4.3 billion in revenue, while analysts had called for earnings of 23 cents per share on $4.22 billion in revenue, according to LSEG. The company’s Old Navy brand returned to growth for the first time in more than a year. UBS — U.S.-listed shares of the Swiss bank advanced more than 4% after Morgan Stanley upgraded the stock to overweight from equal weight. Morgan Stanley said a rise in investment banking activity could boost UBS. Marvell Technology — Shares declined 6% after the company posted light first-quarter revenue guidance of $1.15 billion. Meanwhile, analysts polled by LSEG expected…
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