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Here Are Tuesday’s Top Wall Street Analyst Research Calls: Broadcom, Conoco Phillips, HubSpot, MercadoLibre, Moderna, Occidental Petroleum, PNC Financial, Trimble, and More

Wall Street analysts are reshuffling their bets across chips, crypto, energy, and beyond as the Fed prepares to deliver its next rate verdict. Find out which stocks got surprise upgrades, which took hits despite soaring triple-digit gains, and why one…

By Lee Jackson
Published October 27, 2026, 7:51am ET · 4 min read

A low-angle photograph captures the intersection of Wall Street and Broad Street in New York City. In the foreground, two dark brown street signs are visible: "WALL ST" with an arrow pointing right and "BROAD ST" also with an arrow pointing right, both displaying addresses (11-21 and 1-26 respectively). Behind them, a cluster of imposing, light-colored skyscrapers with numerous windows rises sharply against a bright, clear blue sky. An American flag is visible flying from one of the buildings on the right.
The iconic intersection of Wall Street and Broad Street symbolizes the heart of the financial world, where traditional banking meets new investment vehicles like ETFs. © mezzotint / Shutterstock.com

Pre-Market Stock Futures:

Futures are trading higher after a Monday bounce that saw all major indices finish higher; stocks closed well below their intraday highs, but it was a positive start after a horrible week. Excitement over the potential for an Anthropic Initial Public Offering helped to drive technology shares and, in turn, the rest of the market, as it was announced yesterday that the AI giant formally filed its Form S-1 with the SEC on Monday, officially kicking off what could be the largest public offering in stock market history. When the dust settled, the tech-heavy Nasdaq led the way, closing at 26,169, up 0.83%, while the S&P 500 finished at 7,676, up 0.70%. The Russell 2000 had a solid day, finishing at 2,786, up 0.38%, while the Dow Jones Industrial Average rounded out Monday’s trading by closing at 52,261, up 0.28%.

Treasury Bonds:

Yields were mostly higher across the Treasury curve, as the week’s leading talking point is today’s Federal Reserve meeting, which will culminate tomorrow with an announcement on the direction of rates. While most of Wall Street agrees rates will rise, the consensus is the Fed will wait until the December meeting to raise the funds rate another 25 basis points. The 30-year bond closed Monday at 5.30%, while the benchmark 10-year note was last seen at 4.99%.

Oil and Gas:

Prices were lower across the energy complex on positive reports of negotiations not only to end the war with Iran, but also trilateral talks to potentially end the war between Russia and Ukraine, which will turn 5 years old in February. Brent Crude finished trading Monday at $115.30 down 1.21%, while West Texas Intermediate closed at $101.80 down 1.46%. Natural gas continued its losing streak, closing at $2.60, down 1.44%.

Big news in the natural gas sector: EQT Corporation (NYSE: EQT | EQT Price Prediction) announced a $13 billion purchase of Range Resources (NYSE: RRC), creating a $50 billion Appalachian energy powerhouse. This new giant plans to profit from a massive spike in natural gas demand driven by international LNG exports and the electricity needed to run AI data centers.

Gold:

After a bruising week, gold bounced back on Monday as buyers returned, buoyed by falling oil prices and hopes the Fed won’t raise rates tomorrow. Standard bargain-hunting also supported the rebound after spot gold plunged to a three-month low of $3,975 per ounce last Friday. At the finl bell, gold was priced at $4,016, while Silver ended Monday at $54.10, up 0.09%. 

 

Crypto:

Bitcoin’s struggle to defend the $80,000 line dragged the broader crypto ecosystem lower on Monday. Digital assets spent the session under pressure as macro-driven caution ahead of Wednesday’s Fed meeting collided with a major capital rotation out of crypto and into booming artificial intelligence markets. At 8 AM EDT, Bitcoin was trading at $79,830, while Ethereum was quoted at $2,313.

 

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 Tuesday, October 27, 2026. 

 

Upgrades:

  • Broadcom (NASDAQ: AVGO) was raised to Buy from Neutral at DA Davidson, which lifted the target price for the chip giant to $400 from $350.
  • Ferguson Enterprises (NYSE: FERG) was upgraded to Buy from Neutral at Citigroup, which bumped the target price for the stock to $288 from $285.
  • MACOM Technology Solutions (NASDAQ: MTSI) was upgraded to Outperform from Market Perform at Raymond James, with a $300 target price.
  • MercadoLibre (NASDAQ: MELI) was upgraded to Buy from Neutral at Citigroup, which trimmed the target price for the stock to $2,050 from $2,100.

Downgrades:

  • HubSpot (NASDAQ: HUBS) was downgraded to Neutral from Buy at UBS, which raised the target price for the shares to $310 from $290.
  • Moderna (NASDAQ: MRNA) was downgraded to Market Perform from Outperform at William Blair, without a target price, citing the stock’s 545% gain in 2026.
  • OneSpan (NASDAQ: OSPN) was cut to Neutral from Buy at Rosenblatt, with an unchanged $18 target price,
  • Range Resources (NYSE: RRC) was downgraded to Hold from Buy at Texas Capital, which raised the target price to $54 from $49. EQT is acquiring them, as mentioned.
  • Varonis Systems (NASDAQ: VRNS) was downgraded to Equal Weight from Overweight at Stephens,  as they are being acquired for $49.75 per share in cash.

Initiations:

  • Conoco Phillips (NYSE: COP) was assumed with a Neutral rating at Piper Sandler, which has a $157 target for the energy giant.
  • CVR Partners LP (NYSE: UAN) was initiated with a Hold rating at Freedom Brokers, with a $124 target price.
  • Occidental Petroleum (NYSE: OXY) was assumed with a Neutral rating at Piper Sandler, with a $69 target price.
  • PNC Financial (NYSE: PNC) was assumed with a Peer Perform rating at Wolfe Research, without a target price.
  • Trimble (NASDAQ: TRMB) was initiated with a Buy at Loop Capital, which has a $76 target price.

Contact [email protected] for any questions or corrections.

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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