Buy, Sell, or Hold? Today’s Top Upgrades and Downgrades: Amazon.com, Coinbase Global, CrowdStrike, FormFactor, GameStop, L3Harris Technologies, Oracle, Reddit, Rivian Automotive, and More
Wall Street analysts are making bold moves this week, with dramatic target price cuts on some high-flying names and surprise upgrades on stocks that took a beating in October. Which calls deserve your attention before the market opens?
Pre-Market Stock Futures:
Futures are trading higher after a rough week in which sellers moved hard against the big tech companies, which reported mostly solid results. Still, massive spending on AI, free cash flow that has reversed to negative in some cases, and a broader shift in investor sentiment helped drive stocks lower. This morning, tumbling oil prices and yields, combined with a rally in the tech sector as investors sift through the wreckage for bargains, are helping to drive sentiment higher and contributing to the potential for a positive start to the week.
With mid-term elections on tap, more high-profile earnings as third-quarter results head to the finish line, and key inflation data, investors have a lot on their plate this morning as we begin November with the potential for a positive start to the new week and month. With Apple’s (NASDAQ: AAPL | AAPL Price Prediction) results after the close today, investors are buying mega-cap tech giants this morning after a 5.2% drop in the Nasdaq in October.
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 Monday, November 2, 2026.
Upgrades:
- Amazon. com (NASDAQ: AMZN) was upgraded to Buy from Accumulate at Phillip Securities, which raised the target price for the shares to $330 from $320.
- CrowdStrike Holdings (NASDAQ: CRWD) was raised to Buy from Hold at Deutsche Bank, which raised the target price for the cybersecurity giant to $300 from $240.
- FormFactor (NASDAQ: FORM) was upgraded to Buy from Hold at Freedom Capital, with a $140 target price.
- Oracle (NASDAQ: ORCL) was raised to Overweight from Equal Weight at Stephens, which lifted the price target for the legacy tech giant to #213 from $185.
- Rivian Automotive (NASDAQ: RIVN) was upgraded to Buy from Neutral at UBS, with an unchanged $17 target price.
Downgrades:
- Alnylam Pharmaceuticals (NASDAQ: ALNY) was downgraded to Hold from Buy at Truist Financial, with a $225 target price.
- Coinbase Global (NASDAQ: COIN) was downgraded to Underweight from Equal Weight at Morgan Stanley, which chopped the target price for the shares in half to $120 from $258.
- Cullen/Frost Bank Bankers (NYSE: CFR) was downgraded to Market Perfomr from Outperform at Keefe Bruyette, which trimmed the target price for the stock to $175 from $180.
- Hilton Grand Vacations (NYSE: HGV) was downgraded to Market Perform from Outperform at Citizens, without a target price.
- Reddit (NYSE: RDDT) was cut to Hold from Buy at Loop Capital, which slashed the target price to $100 from $250.
Initiations:
- AngloGold Ashanti (NYSE: AU) was initiated with a Buy rating at TD Cowen, with a $123 target price.
- GameStop Corporation (NYSE: GME) was initiated wit Buy rating at StoneX, with a $35 target price.
- L3Harris Technologies (NYSE: LHX) was resumed with an Overweight rating at Morgan Stanley, with a $402 target price.
- SharkNinja (NYSE: SN) was initiated with a Buy rating at BTIG, with a $245 tyarget price objective.
- Teva Pharmaceuticals (NASDAQ: TEVA) was started with a Buy rating at H.C. Wainwrights, with a $52 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.
