News · Yahoo Finance

Buy, Sell, or Hold? Wednesday’s Top Upgrades and Downgrades: Adobe, Apple, Duolingo, Exxon Mobil, Fiserv, Fortinet, Gartner, Lockheed Martin, Skyworks Solutions, Visa and More

Wall Street analysts changed ratings on several major stocks on Wednesday, November 4, 2026. Constellation Brands (STZ) was raised to Neutral from Underperform at Bank of America, with its target price lifted to $160 from $120, while Duolingo (DUOL) was upgraded to Equal Weight from Underweight at Wells Fargo with a target of $120 from $80. On the downside, Adobe (ADBE) was cut to Sell from Neutral at Citigroup, which lowered its target to $207 from $250, and Apple (AAPL) was downgraded to Hold from Buy at DZ Bank with a $300 target. The article also reports that on Tuesday the Nasdaq closed up 0.83% at 25,372 and the S&P 500 rose 0.36% to 7,568, while the Dow fell 0.38% to 51,786, weighed down by Apple.

Summary written by Upside AI from the original article. Read the source for full details.

Read the original on Yahoo Finance ↗

Keywords

AAPLanalyst ratingsWall Street

Open a keyword to see other news on the same topic.

Related tickers and likely impact

AAPL

• Neutral

Apple Inc.

Relevance: low

MarketUS stocks
SectorInformation Technology
IndustryTechnology Hardware, Storage & Peripherals
Market cap$5.1T
Close on 11/03/2026331.74
Change that session-1.94%
AAPL price, forecasts and signals →

Impact is scored by AI from the headline and may be wrong. It is not investment advice.

Related news

Related markets

US stocks →

Latest news

  • Live updates: Bitcoin and stocks reverse overnight plunge following Blue Wave landslide

    The biggest losers so far are AI data center stocks. This follows victories by several candidates who campaigned expressly against the sector.

    CoinDesk·▲ BTC/USDT▲ SPYbitcoinSPYmidterm elections
  • SpaceX, Tesla stocks sink as analyst warns Democrats' victory will create 'major hurdles' for AI build-out

    SpaceX (SPCX) fell 7% and Tesla (TSLA) fell 5% on Wednesday, along with AI-linked stocks CoreWeave (CRWV), IREN (IREN) and Vertiv (VRT), after Democrats won majorities in the House and Senate. Yorkville analyst Dan Ives said this will slow the pace of 800 to 1,000 planned AI data centers across the US over the next 2 years. He pointed to Texas as the biggest risk, where around 25%-30% of data center gigawatts and capacity will come from, after Democrat Gina Hinojosa defeated Governor Greg Abbott. Ives said SpaceX and Musk are caught at the center of this political risk, and Big Tech will need to adapt to the new political landscape.

    Yahoo Finance·▼ TSLA▼ NVDASpaceXTSLANVDA
  • Meet the Only "Magnificent Seven" Stock That's Outperforming the S&P 500 and Nasdaq This Year (Hint: It's Not Nvidia)

    Apple (AAPL) is the only 'Magnificent Seven' stock still outperforming the S&P 500 and Nasdaq this year after last week's sell-off, up 26.8% year-to-date, and it overtook Nvidia as the world's most valuable company on Oct. 30. The article argues Apple's thesis does not depend on heavy AI capex, as it generated $31.9 billion in trailing 12-month free cash flow, while Amazon, Alphabet and Meta Platforms have turned free cash flow negative as their AI spending grows. AI is seen as an add-on to Apple's ecosystem and products rather than the main driver. Apple trades at 39.5 times earnings and 36.1 times forward earnings, well above its 10-year median P/E of 27.6, though the author judges the premium digestible for investors who see Apple as a recession-resistant hybrid, since Walmart (42.8x) and Costco (44.4x) carry even higher forward P/Es.

    Yahoo Finance·Applevaluationtech stocks
  • SpaceX Declines 6%, Tesla Falls 5% as Democratic Sweep Raises Merger and Regulatory Risks; General Motors Rises 2%

    SpaceX (SPCX) fell 6% to $133.03 and Tesla (TSLA) fell 5% to $378.20 in morning trading after Democrats were projected to win control of both the House and Senate. The article links the pressure to Elon Musk's political exposure, noting he poured nearly $450 million into Republican coffers before the vote, while General Motors and Ford each rose 2%. Democrats could slow a potential Tesla and SpaceX merger, with prediction-market pricing giving a 57.5% probability of an official announcement by June 30, 2027. Barclays estimates Musk would control 56% of the voting rights in a combined entity, although his share of outstanding shares is 37%. More than 1 billion SpaceX shares became eligible for sale after IPO restrictions expired in late October, and the company carries a $1.9 trillion valuation according to Bloomberg.

    Yahoo Finance·▼ TSLATSLASpaceXElon Musk
  • Marvell Slipped Over The Last Month and Then Crashed Massively on the Lumentum Announcement: This Wall Street Desk Doubled Down on Its 130% Gains Prediction

    Marvell (MRVL) fell nearly 37% over the past month and 29.4% over the past week after announcing an all-stock deal to buy Lumentum (LITE), a steeper drop than AI chip peers, whose monthly declines ranged from 6.48% to 23.66%. Investors disliked paying in stock because it dilutes existing holders, and Marvell carries $4.963 billion in long-term debt while still integrating Celestial AI and XConn Technologies. Several of the 47 analysts covering the stock have cut targets since the deal, with the average target at $333.09 against a price of $171.97. Piper Sandler kept its Overweight rating and $400 target, calling the selloff an overreaction and citing second-quarter fiscal 2027 revenue of $2.739 billion, up 36.5%. The article notes most targets were set before the deal, so the average could drift lower.

    Yahoo Finance·Marvellmergers and acquisitionssemiconductors
  • Tesla and SpaceX shares slide as Musk’s political push falls flat

    Billionaire Elon Musk spent hundreds of millions of dollars on the U.S. election. Investors are now worried about less favorable policies under new Democratic officials.

    MarketWatch·▼ TSLATSLAElon MuskSpaceX

All news →

Get the briefing on Telegram or Zalo

Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.