Quick Read
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Futures are trading higher after the Nasdaq fell 5.2% in October, as investors hunt for bargains in battered tech stocks.
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Morgan Stanley slashed Coinbase's target from $258 to $120, while Loop Capital cut Reddit's target from $250 to $100.
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Deutsche Bank upgraded CrowdStrike to Buy, lifting the target from $240 to $300, while GameStop earned a fresh Buy initiation at $35.
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Just released. Our analysts combed the entire stock market and named the ten best stocks to buy right now, and FormFactor didn't make the cut. Enter your email to see the names that beat FORM. The report is free. Enter your email and see if any of your stocks made the cut.
Pre-Market Stock Futures:
Futuresare 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.
Withmid-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 ) 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.
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Why Didn't FORM Make The Top 10 List?
24/7 Wall St has helped investors make money for over two decades, and our top analysts just finished ranking the definitive Top 10 Stocks To Buy Now . Not the ten biggest companies. Not the ten everyone is arguing about. The ten best stocks to buy right now.
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Here aresome of the top Wall Street analyst upgrades, downgrades, and initiations from Monday, November 2, 2026.
Upgrades:
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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.
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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.
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FormFactor( NASDAQ: FORM) was upgraded to Buy from Hold at Freedom Capital, with a $140 target price.
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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.
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Rivian Automotive( NASDAQ: RIVN ) was upgraded to Buy from Neutral at UBS, with an unchanged $17 target price.
Downgrades:
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Alnylam Pharmaceuticals (NASDAQ: ALNY ) was downgraded to Hold from Buy at Truist Financial, with a $225 target price.
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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.
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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.
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Hilton Grand Vacations( NYSE: HGV ) was downgraded to Market Perform from Outperform at Citizens, without a target price.
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Reddit( NYSE: RDDT) was cut to Hold from Buy at Loop Capital, which slashed the target price to $100 from $250.
Initiations:
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AngloGold Ashanti( NYSE: AU ) was initiated with a Buy rating at TD Cowen, with a $123 target price.
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GameStop Corporation( NYSE: GME ) was initiated wit Buy rating at StoneX, with a $35 target price.
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L3Harris Technologies( NYSE: LHX ) was resumed with an Overweight rating at Morgan Stanley, with a $402 target price.
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SharkNinja( NYSE: SN ) was initiated with a Buy rating at BTIG, with a $245 tyarget price objective.
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Teva Pharmaceuticals( NASDAQ: TEVA ) was started with a Buy rating at H.C. Wainwrights, with a $52 target price.
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Contact editorial@247wallst.com for any questions or corrections.
