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

Lee JacksonThu, November 5, 2026 at 12:59 PM UTC

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(robertcicchetti / Getty Images)Quick Read -

Stocks surged after Democrats' election win, with the Dow jumping 3% to 53,356, as investors bet divided government means gridlock that helps equities.

HubSpot's price target was slashed to $170 from $265 at Cantor Fitzgerald, and Nike was cut to Sell at Truist.

JetBlue and First Solar earned upgrades, with Deutsche Bank nearly doubling JetBlue's target to $5.50 from $3.

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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.

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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.

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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) 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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Source: “AOL Money”