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Here Are Thursday’s Top Wall Street Analyst Research Calls: CAVA Group, Constellation Brands, Goldman Sachs Group, Hub Spot, Hut 8, Paladin Technologies, NXP Semiconductor, Spotify Technology, Tyler Technologies, and More

Rising yields and oil prices crushed the rally before Thursday's open, and now Wall Street analysts are reshuffling their bets on everything from crypto miners to restaurant chains ahead of earnings season. Find out which names got upgraded, cut, or…

By Lee Jackson
Published October 8, 2026, 7:54am ET · 4 min read

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Pre-Market Stock Futures:

Futures are tumbling this morning as yields surge higher and oil rises again. After two solid days to start the first full trading week of the 4th quarter, the same issues that have weighed on stocks for months returned as rising interest rates and oil prices took center stage again on Wednesday. All of the major indices finished the day in the red, though well off the lows printed in the late morning. The small-cap Russell 2000 took the biggest hit, closing at 2,793 down 1.31%, while the granddaddy of the indices, the Dow Jones Industrial Average, closed at 51,179 down 0.67%. The tech-heavy Nasdaq finished Wednesday’s session at 27,538, down 0.22%, and the S&P 500 closed at 7,801, down 0.22%. With third-quarter earnings set to begin in full force next week, investors will focus not only on results versus expectations, but on forward-looking projections, which may be the most important metric for a stock market that is well overbought and getting very pricey.

Treasury Bonds:

While interest rates drifted higher across the entire curve except for literally the shortest maturity, the increases were small, and it seems the selling is finally starting to abate. After a sharp move higher early on, sellers gave way to buyers in the afternoon, and by the close the 30-year bond closed at 5.67%, up 0.01%, while the benchmark 10-year note ended the session at 5.28%, up 0.009%. Buyers were encouraged after a strong $39 billion auction of 10-year Treasury notes drew strong investor demand and cut yields back from earlier highs.

Oil and Gas:

Like the fixed-income complex, oil started the day higher, but by the close, the two major benchmarks finished mixed. Brent Crude closed the session lower by 0.38% at $100.20, while West Texas Intermediate was last seen at $88.89, up 0.79%. The massive release of 100 million barrels from Europe’s strategic reserves, plus rising stored inventories, has continued to cap skyrocketing price moves. Natural gas continued its strong move higher and closed at $3.26, up 1.90%.

Gold:

Precious metals had a slow day as a strengthening U.S. dollar weighed on demand; the Fed meeting minutes from the September decision to raise rates showed that while some officials favored further aggressive hikes, others pushed for a pause, though most anticipated one additional hike by the end of 2026, which is what most across Wall Street also expect. Gold closed Wednesday at $4,104, down just 0.13%, while Silver was last seen at $59.63, down just 0.08%. 

Crypto:

Cryptocurrency markets experienced a sharp sell-off on Wednesday, which was fueled by escalating macroeconomic tensions and heavy liquidations in the derivatives market. Bitcoin broke through critical support levels, plummeting from around $86,600 to a low near $82,875 intraday before eventually stabilizing around $83,200, marking an intraday loss of 2.5% to 3.5%. At 8 AM EDT, Bitcoin was trading at $82,500, while Ethereum was quoted at $2,533.


24/7 Wall St. reviews dozens of analyst research reports every day to identify fresh investment ideas for investors and traders alike. These daily analyst notes include recommendations on stocks to buy, sell, or avoid, as well as new coverage initiations. Important reminder: No single analyst report should ever be the sole basis for buying or selling a stock.

 

Here are some of the top Wall Street analyst upgrades, downgrades, and initiations from Thursday, October 8, 2026.  

Upgrades:

  • CAVA Group (NYSE: CAVA | CAVA Price Prediction) was upgraded to Buy from Hold at Melius Research, which has set a $95 price target.
  • Chime Financial (NASDAQ: CHYM) was upgraded to Buy from Hold at Deutsche Bank, which has a $35 target price.
  • Global Payments (NYSE: GPN) was raised to Outperform from Perform at Oppenheimer, with a $115 target price.
  • Palantir Technologies (NASDAQ: PLTR) was upgraded to Buy from Neutral at Goldman Sachs, which has a $230 target price for the shares.
  • Ryder Systems (NYSE: R) was raised to Buy from Neutral at Citigroup, with a $285 target price.

Downgrades:

  • Constellation Brands (NYSE: STZ) was downgraded to Hold from Buy at HSBC, with a $135 target price.
  • HubSpot (NASDAQ: HUBS) was downgraded to Neutral from Overweight at JPMorgan, without a target price.
  • Phillips 66 (NYSE: PSX) was downgraded to Neutral from Outperform at Mizuho, with a $300 target price.
  • NXP Semiconductors (NASDAQ: NXPI) was cut to Neutral from Buy at Citigroup, which slashed the target price for the shares to $260 from $370.
  • Tyler Technologies (NYSE: TYL) was cut to Neutral from Buy at Goldman Sachs, which lowered the target price for the stock to $345 from $395.

Initiations:

  • Goldman Sachs Group (NYSE: GS) was initiated with a Buy rating at TD Cowen, with a $1,050 target price.
  • Hut 8 (NASDAQ: HUT) was reinstated with a Buy rating at Roth Capital, with a $108 price target.
  • Nebius Group (NASDAQ: NBIS) was initiated with a Buy rating at Rosenblatt, with a $304 target price.
  • Spotify Technology (NASDAQ: SPOT) was initiated with a Neutral rating at Piper Sandler, which has set a $540 target price.
  • TXO Partners (NYSE: TXO) was initiated with an Overweight rating at Stephens, with a $22 target price. 

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Lee Jackson

Lee Jackson has covered Wall Street analysts' equity and debt research and equity strategy daily for 24/7 Wall St. since 2012. His broad, diverse career, including a stint as creative services director at an NBC affiliate in Austin, Texas, gives him unique insight into the financial industry.

Lee Jackson's journey in the financial industry spans more than 30 years, including nearly two decades as an institutional equity salesperson at Bear Stearns, Lehman Brothers, and Morgan Stanley. His career spanned pivotal sell-side Wall Street events, from the dot-com rise and bubble to the Long-Term Capital Management debacle, 9/11, and the Great Recession of 2008. This reflects his resilience and adaptability amid market volatility.

Lee Jackson’s practical financial industry experience, gained through a career at some of the biggest banks and brokerage firms, is complemented by a lifetime of writing across various platforms. This unique combination allows him to shed light on the intricacies of Wall Street in a way only someone with deep insider experience and knowledge can. Moreover, his extensive network across Wall Street continues to provide direct access for him and 24/7 Wall St., a privilege few firms enjoy.

Since 2012, Jackson’s work for 24/7 Wall St. has been featured in Barron’s, Yahoo Finance, MarketWatch, Business Insider, TradingView, Real Money, The Street, Seeking Alpha, Benzinga, and other media outlets. He attended the prestigious Cranbrook Schools in Bloomfield Hills, Michigan, and has a degree in broadcasting from the Specs Howard School of Media Arts.

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