Buy, Sell, or Hold? Tuesday’s Top Upgrades and Downgrades: Cloudflare, Deckers Outdoors, DraftKings, MongoDB, Nike, Oneok, Philip Morris International, Riot Platforms, Wix.com, and More
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Pre-Market Stock Futures:
Futures are trading mixed, but it’s time to get your popcorn ready, because the October Consumer Price Index will be released this morning at 8:30 ET. Economists project headline CPI to rise 0.3%, with core inflation, which excludes volatile food and energy costs, expected to rise 0.2%. Needless to say, a hotter-than-expected reading will halt the impressive two-day rally. All of the major indices finished Monday higher, with the small-cap Russell 2000 leading the charge, closing up a stunning 3.15% at 2,840, while the Nasdaq wasn’t far behind, closing at 25,253 up 2.74%, and likely would have closed higher if not for the reports about NVIDIA’s (NASDAQ: NVDA) | NVDA Price Prediction CEO, Jensen Huang, being involved with a Chinese spy. The S&P 500 also had a strong start to the week, closing at 7,549 up 2.35%, and last but certainly not least, the Dow Jones Industrial Average closed at 52,839 up 2.15%.
Comments from some of the trading desks we cover centered around the fact that much of the upside for the two-day rally, which came after a massive sell-off last Thursday, was actually short covering. Quinn Moore from BTIG noted that ” The bid today (Monday) is cover-driven, and the AI stocks are ‘only’ trading around 1.5x normal volumes, which is pretty light relative to the washout we saw.” In addition, plummeting oil prices added a tailwind to the rally. Still, Secretary of State Marco Rubio said Iran’s demands were outrageous once again and likely won’t lead to a peace agreement.
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, November 10, 2026.
Upgrades:
- Cloudflare (NYSE: NET) was upgraded to Buy from Sell at DZ Bank, with a $300 target price.
- Millicom International Cellular (NASDAQ: TIGO) was raised to Buy from Neutral at UBS, which has a $109 target price for the stock.
- Riot Platforms (NASDAQ: RIOT) was upgraded to Buy from Hold at Jefferies, which raised the target price to $28 from $13.
- Sarepta Therapeutics (NASDAQ: SRPT) was upgraded to Hold from Sell at Deutsche Bank, with an $18 target price.
- Southern Copper Corporation (NASDAQ: SCCO) was upgraded to Neutral from Sell at UBS, with a $190 target price.
Downgrades:
- Academy Sports & Outdoors (NYSE: ASO) was downgraded to Hold from Buy at Loop Capital, with a $69 target price.
- DraftKings (NASDAQ: DKNG) was downgraded to Equal Weight from Overweight at Wells Fargo, which cut the target price to $21 from $30.
- TREX Company (NASDAQ: TREX) was cut to Neutral from Buy at DA Davidson, with an unchanged $55 target price.
- Vale (NASDAQ: VALE) was cut to Market Perform from Outperform at Itaú BBA, which has a $14 target price.
- Wix.com (NYSE: WIX) was double-downgraded to Underperform from Buy at Bank of America, which cut the target price to $68 from $75.
Initiations:
- Deckers Outdoors (NASDAQ: DECK) was started with a Neutral rating at Cantor Fitzgerald, which has set an $89 target price for the company.
- MongoDB (NYSE: MDB) was initiated with a Buy rating at BTIG, which has a $417 target price.
- Nike (NYSE: NKE) was initiated with a Neutral rating at Cantor Fitzgerald, with a $39 target price.
- Oneok (NYSE: OKE) was initiated with an Equal Weight rating at Bernstein, which has a $94 target price.
- Philip Morris International (NYSE: PM) was reinstated with a Neutral rating at JPMorgan, which has a $200 target price for the shares.
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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.
