Buy, Sell, or Hold? Today’s Top Upgrades and Downgrades: Boston Scientific, DoorDash, GE Vernova, Honeywell Aerospace, Incyte. Intel, Reddit, Rivian Automotive, and More
Tech giants are rattling pre-market futures on Halloween Eve, and Wall Street analysts are scrambling to reprice everything from chipmakers to delivery apps. Find out which stocks just got upgraded despite the chaos and which ones analysts quietly cut loose.
Pre-Market Stock Futures:
Futures are trading lower this Friday, with the Nasdaq down almost 2.5% after a spooky day yesterday, as all major indices ended lower and most on Wall Street pointed to Alphabet (NASDAQ: GOOG | GOOGL Price Prediction) as the culprit after the tech giant posted its worst third-quarter results in years. The shares closed Thursday at $283.82, down 12.64%, and are trading lower this morning at $281.10. Microsoft Corporation (NASDAQ: MSFT) posted outstanding results, and Wall Street cheered. Result? The stock also closed lower Thursday, down 0.87% to $530.14, and is trading at $527.52 in pre-market action.
After the bell Thursday, Amazon.com (NASDAQ: AMZN) joined the tech giants in missing earnings estimates; it closed the day lower at $243.79, down 4.25%, and is trading down 6.78% in pre-market hours at $227.25. Not to be left out of the mega-cap tech blow-up, Intel Corporation (NASDAQ: INTC) also beat Wall Street estimates, but its forward guidance did not go over well. Shares ended Thursday at $92.07, down 3.63%, and are trading in the pre-market session at $68.26, down almost 26%%. To round out the tech swoon, SanDisk Corporation (NASDAQ: SNDK) delivered a massive double beat on both the top and bottom lines, fueled by surging AI data center demand. Alongside these strong financial results, the company also announced a major 8-for-1 forward stock split. However, shares closed Thursday at $1,330, down 5.32%, and are down an additional 8.50% in pre-market trading to $1,215.
Mega-cap integrated oil takes the stage this morning, with earnings from ExxonMobil (NYSE: XOM) and Chevron (NYSE: CVX), as we wrap up October on Halloween Eve.
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 Friday, October 30, 2026.
Upgrades:
- DoorDash (NASDAQ: DASH) was upgraded to Outperform from Neutral at Wedbush, which bumped the price target for the stock to $230 from $220. The company announced a $17 billion acquisition of Instacart (NASDAQ: CART).
- GE Vernova (NYSE: GEV) was upgraded to Buy from Hold at HSBC, which raised the target price for the shares to $1,100 from $1.040.
- Incyte (NASDAQ: INCY) was upgraded to Outperform from Perform at Oppenheimer, which lifted the target price to $144 from $120.
- Intel (NASDAQ: INTC) was upgraded to Outperform from Neutral by KGI Securities, with a $95 target price.
- Rivian Automotive (NASDAQ: RIVN) was upgraded to Buy from Hold at Jefferies. with a $17 target price.
Downgrades:
- Boston Scientific (NYSE: BSX) was downgraded to Hold from Buy at TD Cowen, which lowered the target price to $46 from $56.
- Honeywell Aerospace (NASDAQ: HONA) was downgraded to Market Perform from Outperform at BMO Capital, with a $181 target price.
- Intel (NASDAQ: INTC) was downgraded to Neutral from Buy at Bank of America, which slashed the target price for the legacy tech giant to $100 from $145.
- Reddit (NYSE: RDDT) was cut to Perform from Outperform at Oppenheimer, without a target price. Shares are down 21% in pre-market action at $102.82.
- Stryker (NYSE: SYK) was downgraded to Hold from Buy at Canaccord, which slashed the target price to $300 from $385.
Initiations:
- Nasdaq (NASDAQ: NDAQ) was started with a Buy rating at Erste Group, without a target price.
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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.
