Several notable stocks are experiencing significant price changes before the market opens, including Target, Kohl's, and AutoZone.

Take a look at some of the biggest movers in the premarket:

After reporting fourth-quarter earnings of $3.19 per share on revenue of $31 billion, Target's shares surged 11% in premarket trading. Despite anticipating continued growth even after its pandemic-era gains, analysts surveyed by Refinitiv predicted a profit of $2.86 per share on revenue of $31.39 billion.

Kohl's shares increased by more than 5% in the premarket after the company provided optimistic guidance for fiscal year 2022. Despite beating earnings expectations in the fourth quarter, the retailer fell short of the Refinitiv consensus sales estimate.

After reporting better-than-expected earnings, AutoZone's stock price increased by 3.6% in early morning trading. The company's second-quarter earnings were $22.30 per share on revenue of $3.37 billion, exceeding analysts' expectations of $17.79 per share on $3.17 billion in revenue.

Kroger's stock price increased by over 2% in the premarket following Telsey's upgrade of the grocery store chain prior to its earnings report. According to Joseph Feldman of Telsey, "We have greater insight and confidence in Kroger's long-term growth potential in the omni-channel space."

Foot Locker shares fell 3% in premarket trading after Goldman Sachs, Barclays, and B. Riley all downgraded the athletic retailer following a disappointing update on Friday.

Workday's shares increased by more than 7% in premarket trading after the company exceeded expectations in its quarterly results. The company reported a profit of 78 cents per share, higher than the Refinitiv estimate of 71 cents per share. Additionally, revenue surpassed projections.

Despite an earnings beat and sales topping expectations, HPQ shares dropped 2% in premarket trading.

Lucid Group's shares plummeted over 12% before market open following a dismal quarterly report. Despite the Refinitiv consensus estimate of a loss of 25 cents per share, the electric vehicle manufacturer reported a wider-than-expected loss of 64 cents per share. Additionally, revenue fell short of expectations.

Despite beating earnings and revenue expectations, Zoom lost 2.5% in premarket trading after issuing full-year guidance below what analysts had predicted.

Novavax's quarterly report resulted in a 6.6% decline in premarket shares, as the company missed both the top and bottom lines. The loss per share was $11.18, while revenue came in at $222.2 million.