5 Stocks Analysts Are Upgrading Right Now Farooq Wed, November 11, 2026 at 3:38 PM EST 8 min read ^GSPC +1.40% BTI +0.30% MDB +2.15% MGY +3.05% FIX +5.14% Explore stocks on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
Wall Street spent the week swinging between relief and worry. Stocks rallied hard on Monday, then slipped on Tuesday, when a hotter-than-expected inflation report arrived just as Federal Reserve officials were openly talking about raising interest rates again.
The swings followed the S&P 500's biggest weekly drop since April 2025.
The Consumer Price Index rose 0.4% in October, the Labor Department said. Economists polled by Reuters had expected a 0.3% gain. Core prices, which leave out food and energy, rose 0.3%, against a forecast of 0.2%.
Traders now put the odds of a quarter-point Fed rate hike in December at 84%, according to Yahoo Finance, and the odds of a half-point move jumped from 0% to 15% in a single day. Fed Governor Christopher Waller said the central bank should raise rates in December even if inflation cooled last month, and should consider a half-point hike if the picture worsens. Dallas Fed President Lorie Logan said the Fed needs at least two more quarter-point increases.
Not every official sounded that hawkish. Kansas City Fed President Jeff Schmid said he thinks the current policy rate is "fairly accommodative," while Fed Vice Chair for Supervision Michelle Bowman stopped short of calling for hikes but called inflation the central bank's top priority. You might also be interested in reading our piece on stocks that Wall Street analysts see as affordable.
The Dow Jones Industrial Average fell 0.30% on Tuesday, the S&P 500 lost 0.38% and the Nasdaq Composite dropped 0.74%. Declining stocks outnumbered gainers by 2.27-to-1 on the New York Stock Exchange. That wiped out part of Monday's rally, when the S&P 500 rose 2.35% for its biggest daily gain since April 8 as falling oil prices eased inflation fears. After the report, shorter-term Treasury yields jumped and the US dollar strengthened.
Last week's selloff came after a sweeping Democratic victory in the US midterm elections, which stirred worries that new regulations could hurt the AI trade. For another angle on where analysts see room to run, see our list of NYSE stocks with huge upside potential.
James McCann, senior economist at Edward Jones, told Reuters that "there are some fears that underlying price pressures are starting to build again." The Labor Department releases producer prices on Friday, and CME FedWatch showed the odds of a December rate hike above 80% even before Tuesday's report.
We shared the expanded list of 10 Stocks Analysts Are Upgrading Right Now here. You can find the top 5 stocks below.
To compile this list, we reviewed analyst rating upgrades and initiations announced on Tuesday, November 10, 2026, as reported by financial news sites. We have ranked these stocks in ascending order of their average upside potential, as of November 10. We also list each stock's number of hedge fund holders as of Q2 2026, from our database of 1,006 hedge funds.
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Market Cap: $129.80 billion
Average Upside Potential: 17%
Number of Hedge Fund Holders: 41
JPMorgan analyst Edward Hockin reinstated coverage of British American Tobacco at Overweight on Tuesday, after the firm previously rated it Neutral, with a price target of 5,300 pence on the London shares. JPMorgan calls the company an earnings-per-share compounder and argues that share gains in nicotine pouches and U.S. vapes can bring sales growth back to 3% to 5% at constant currency.
British American, which sells Lucky Strike and Newport cigarettes alongside Vuse vapes, says the U.S. volume share of its Velo pouch brand rose from 4.4% in January 2024 to more than 30%. Management guides to adjusted earnings per share growth of 5% to 8% over the next several years and has planned £1.3 billion of share buybacks for 2026. The company expects global volumes of combustible products to fall about 2.5% a year through 2030, with price increases and a richer mix keeping revenue growing. Management wants smokeless products to make up most of the business by 2035. Readers weighing the payout can find our look at whether its business can sustain a 6% dividend.
Market Cap: $27.31 billion
Average Upside Potential: 35%
Number of Hedge Fund Holders: 69
BTIG analyst Gray Powell initiated coverage of MongoDB at Buy on Tuesday with a $417 price target. He sees a large and growing market for its database software and share gains against legacy vendors. BTIG's checks with partners pointed to stable demand and partner practices growing at a healthy clip, and he expects the new product cycle, led by MongoDB 9.0 and a product called AMP, to keep revenue growth above 20% over the next few years. Agent Engine and Atlas Infinite are longer-term upside, and BTIG expects a new three-year revenue target.
MongoDB sells a database that stores information as flexible documents rather than rigid tables, and revenue growth reached 25% over the past 12 months. The chief executive left in late September, the shares tumbled that day, and guidance for the current quarter then disappointed investors who were already paying a premium multiple. BTIG's note answers that worry with demand data rather than management commentary. The next report is due in early December. We looked at whether MongoDB can hold its guidance after losing its chief executive.
Market Cap: $6.22 billion
Average Upside Potential: 42%
Number of Hedge Fund Holders: 32
Gerdes Energy Research upgraded Magnolia Oil & Gas to Buy from Neutral on Tuesday with a $29 price target. Magnolia produces oil and natural gas in Texas, and it reported its first results since closing the Wildfire acquisition. Adjusted free cash flow came to $223.7 million. Net debt of about $1.9 billion put leverage below 1 times earnings, a goal management had planned to reach a year later or more. Management is capturing cost savings on the acquired acreage faster than planned, having already swapped in its own rigs and crews.
Chief Executive Officer Christopher Stavros said the shares have felt pressure because the seller of Wildfire received stock in the deal and may sell some of it. Magnolia's answer is to keep returning cash: it plans to buy back at least 1% of its shares every quarter, and it has raised its quarterly dividend by a cumulative 20% this year. Our recap of JPMorgan's bet that Magnolia can break to new highs gives more on how analysts see the stock.
Market Cap: $40.39 billion
Average Upside Potential: 63%
Number of Hedge Fund Holders: 83
Initiating coverage on Tuesday, JPMorgan analyst Michael Fairbanks rated Comfort Systems USA Overweight with a $1,700 price target and added it to the firm's U.S. Equity Analyst Focus List. He credits its ability to mobilize skilled labor at scale, with more than 50 operating units across the country and a traveling workforce, and sees more upside if it signs further deals with frontier AI labs or colocation providers. He says its margins, growth, cash conversion and acquisition record justify a premium multiple.
Comfort Systems installs and services mechanical, electrical and plumbing systems, increasingly inside data centers. Its factory-built modular systems have grown into a much larger share of revenue since 2022, and capacity keeps expanding through late 2027. Third-quarter revenue rose 54%, and backlog reached a record $17.8 billion, nearly double a year earlier. Several analysts have trimmed targets over margin pressure, data center stocks fell after the midterms, and Chief Financial Officer Bill George retires at year-end. We recently examined how much of the $1.5 billion in cash the company generated is already spoken for.
Market Cap: $7.01 billion
Average Upside Potential: 71%
Number of Hedge Fund Holders: 55
Jefferies analyst Jonathan Petersen upgraded Riot Platforms to Buy from Hold on Tuesday and more than doubled his price target to $28 from $13. Riot started as a bitcoin miner and now rents out power and land for AI data centers. At its Corsicana site it signed a deal that Petersen finds highly favorable, because it earns money from the property with less execution and financing risk than building the data center itself.
The 15-year initial term is expected to bring in about $28 billion, the tenant pays nearly all operating costs, and management puts the yield on the project's cost at about 33%. Riot sold 20,264 bitcoin this year to fund the build and says it does not expect to issue equity for announced projects. The company still plans to line up $6.1 billion to $7 billion of non-recourse project debt, and KBW downgraded the shares to Market Perform on Wednesday. Whether Riot can fund the build after signing a large lease is a question we took up in an earlier look at its data center plans.
While we acknowledge the risk and potential of RIOT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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