Buy, Sell, or Hold? Thursday’s Top Upgrades and Downgrades: Block, Cisco Systems, Dollar Tree, First Solar, HubSpot, JetBlue Airways, Nike, Space-X, Skyworks Solutions, and More
Stocks surged after a political shake-up, but Wall Street analysts were far from unanimous on Thursday. Some household names got slashed while a struggling airline and a solar giant won new fans. Which side of the call are you on?
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Pre-Market Stock Futures:
Futures are trading mixed after a wild Wednesday saw all the major indices soar on a big Democratic victory that turned many traditionally Red states Blue. When the post-election dust settled, the legacy Dow Jones Industrials led the way, closing up a stunning 3.03% at 53,356, while the S&P 500 finished the session at 7,688, up 1.58%. The Nasdaq also rose sharply, closing up 1.44% at 25,736, despite many of the index’s top technology stocks focused on AI or data centers finishing the day lower. The small-cap Russell 2000 also closed higher, up 1.58% at 2,856, as most companies in the index are based in the United States and investors feel they could benefit from Democrats taking power.
While Wall Street tends to lean politically agnostic, one thing is for sure: with a Republican President in the White House until 2028, and the Democrats in control of the House and Senate, investors can count on a fair amount of gridlock, and that’s one scenario that should play well for the equity markets.
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, November 5, 2026.
Upgrades:
- Cinemark Holdings (NYSE: CNK) was upgraded to Overweight from Equal Weight at Morgan Stanley, which has a $50 target price for the shares.
- First Solar (NASDAQ: FSLR | FSLR Price Prediction) was upgraded to Outperform from Market Perform at William Blair, without a target price,
- JetBlue Airways (NASDAQ: JBLU) was upgraded to Buy from Hold at Deutsche Bank, which raised the target price to $5.50 from $3.
- Joby Aviation (NYSE: JOBY) was upgraded to Buy from Hold at Canacord, with a $7 target price down from $11.50.
- LabCorp of America Holdings (NYSE: LH) was raised to Buy from Hold at HSBC, which lifted the price target to $410 from $206,
Downgrades:
- Cisco Systems (NASDAQ: CSCO) was cut to Equal Weight from Overweight at Barclays, which cut the target price for the legacy tech giant to $120 from $135.
- Dollar Tree (NASDAQ: DLTR) was downgraded to Hold from Buy at Loop Capital, with an unchanged $140 target price.
- HubSpot (NYSE: HUBS) was cut to Underweight from Neutral at Cantor Fitzgerald, which slashed the price target to $170 from $265.
- Nike (NYSE: NKE) was downgraded to Sell from Hold at Truist Financial, with a $29 target price.
- Skyworks Solutions (NASDAQ: SWKS) was downgraded Equal Weight from Overweight at Barclays which bumped the target price for the stock to $79 from $70.
Initiations:
- Astera Labs (NASDAQ: ALAB) was started with an Outperform rating at BMO Capital, with a $375 target price.
- ATI (NYSE: ATI) was initiated with a Buy rating at Citigroup, with a $229 target price.
- Block (NYSE: XYZ) was reinstated with a Buy rating at William O’Neil without a target price.
- Cintas Corporation (NASDAQ: CTAS) was reinstated with a Buy rating at William O’Neil, without a target price.
- Space Exploration Technologies (NASDAQ: SPCX) was started with a Buy rating at China Renaissance, with a $194.20 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.
