This week, Wall Street analysts are making noteworthy adjustments to stock recommendations, featuring considerable target price reductions for several previously favored stocks alongside unexpected upgrades for others that have struggled in October. Which of these critical shifts warrant your focus before the market opens?
Pre-Market Stock Futures:
Futures are reflecting a positive trajectory following a turbulent week where significant selling pressure was exerted on major technology firms, despite their generally robust earnings reports.
A combination of substantial investments in artificial intelligence, some companies seeing their free cash flow turn negative, and a general shift in market sentiment have collectively nudged stock prices downward.
This morning’s easing oil prices and lower yields, along with a rebound in the tech sector as investors scavenge for undervalued assets, are fostering a more optimistic atmosphere and hinting at a favorable commencement to the week.
With the mid-term elections impending, an influx of prominent earnings reports as third-quarter results near completion, and crucial inflation metrics on the horizon, investors are confronted with a wealth of pertinent information this morning, setting the stage for a potentially auspicious start to November.
Anticipation is palpable as Apple (NASDAQ: AAPL | AAPL Price Prediction) is set to release its results post-market, prompting buyers to rally around major tech stocks this morning after the Nasdaq suffered a 5.2% decline in October.
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24/7 Wall St. meticulously examines numerous analyst reports every day to uncover novel investment opportunities for both investors and traders.
These daily insights encompass stock recommendations to buy, sell, or circumvent, as well as the initiation of new coverage. A critical reminder: no individual analyst report should serve as the sole determinant for executing a stock transaction.
Presented below are some of the premier upgrades, downgrades, and initiations by Wall Street analysts from Monday, November 2, 2026.
Upgrades:
- Amazon. com (NASDAQ: AMZN) received an upgrade to Buy from Accumulate at Phillip Securities, which also raised the target price to $330 from $320.
- CrowdStrike Holdings (NASDAQ: CRWD) was elevated to Buy from Hold at Deutsche Bank, which adjusted the price target for the cybersecurity stalwart from $240 to $300.
- FormFactor (NASDAQ: FORM) saw its rating upgraded to Buy from Hold at Freedom Capital, accompanied by a target price of $140.
- Oracle (NASDAQ: ORCL) advanced to Overweight from Equal Weight at Stephens, with the price target climbing from $185 to $213.
- Rivian Automotive (NASDAQ: RIVN) was promoted to Buy from Neutral at UBS, maintaining a target price hold of $17.
Downgrades:
- Alnylam Pharmaceuticals (NASDAQ: ALNY) was downgraded to Hold from Buy at Truist Financial, which established a target price of $225.
- Coinbase Global (NASDAQ: COIN) was downshifted to Underweight from Equal Weight at Morgan Stanley, which slashed the target price in half to $120 from $258.
- Cullen/Frost Bank Bankers (NYSE: CFR) was downgraded to Market Perform from Outperform at Keefe Bruyette, cutting the price target to $175 from $180.
- Hilton Grand Vacations (NYSE: HGV) was downgraded to Market Perform from Outperform at Citizens, without a specified target price.
- Reddit (NYSE: RDDT) was reassessed to Hold from Buy at Loop Capital, which drastically lowered the target price from $250 to $100.
Initiations:
- AngloGold Ashanti (NYSE: AU) was initiated with a Buy rating at TD Cowen, establishing a target price of $123.
- GameStop Corporation (NYSE: GME) was initiated with a Buy rating at StoneX, with a target price set at $35.
- L3Harris Technologies (NYSE: LHX) was resumed with an Overweight rating at Morgan Stanley, setting a target price of $402.
- SharkNinja (NYSE: SN) began with a Buy rating at BTIG, targeting $245.
- Teva Pharmaceuticals (NASDAQ: TEVA) was given a Buy rating at H.C. Wainwrights, with a target price of $52.
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