Coinbase upgraded, Six Flags downgraded: Wall Street's top analyst calls

5 days ago 8

The Fly

Mon, November 10, 2025 astatine 8:39 AM CST 4 min read

The astir talked astir and marketplace moving probe calls astir Wall Street are present successful 1 place. Here are today's probe calls that investors request to know, arsenic compiled by The Fly.

Top 5 Upgrades:

Northland upgraded DraftKings (DNKG) to Market Perform from Underperform aft the institution reported Q3 results that came successful beneath statement expectations, chiefly driven by customer-friendly sports outcomes successful September and this inclination carried into October.
Monness Crespi upgraded Coinbase (COIN) to Buy from Neutral with a $375 terms people portion keeping estimates unchanged for calendar twelvemonth 2025 and "slightly pushing up" calendar 2026 estimates. The steadfast likes the setup successful presumption of quality travel astir stablecoin inferior successful the existent satellite with a "hunch" determination is much to travel from the December 17 lawsuit and the tokenization of equities with an anticipation of SEC comments successful the adjacent future.
Leerink upgraded Eli Lilly (LLY) to Outperform from Market Perform with a terms people of $1,104, up from $886. The steadfast expects aggregate waves of obesity attraction adoption drivers, led by importantly expanded Medicare and Medicaid entree by January 2027 and Lilly's launches of orforglipron, retatrutide, and eloralintide to fortify the company's enactment position.
Guggenheim upgraded Paylocity (PCTY) to Buy from Neutral with an $180 terms target, which represents 27% imaginable upside. Despite employment headwinds and the emergence of artificial quality successful the workforce, shares of Paylocity connection much reward than risk, the steadfast tells investors successful a probe note.
Monness Crespi upgraded Strategy (MSTR) to Neutral from Sell without a terms target. The steadfast sees continued downside hazard but says the "skew to downside unit has meaningfully lessened" pursuing the stock's caller selloff.

Top 5 Downgrades:

Morgan Stanley downgraded Six Flags (FUN) to Equal Weight from Overweight with a terms people of $20, down from $30. The steadfast has concerns astir the company's EBITDA recovering disconnected the 2025 lows successful 2026 owed to cyclical and secular factors.
Morgan Stanley downgraded CarMax (KMX) to Equal Weight from Overweight with a terms people of $35, down from $56. The pre-announcement of the deterioration successful measurement maturation and degradation successful execution and uncertainty astir caller enactment apt permission shares range-bound until investors tin physique assurance successful the caller CEO and translation strategy, the steadfast tells investors.
Morgan Stanley downgraded JD.com (JD) to Underweight from Equal Weight with a $28 terms target. The steadfast views JD arsenic the worst positioned Chinese e-commerce banal implicit the adjacent 12 months.
KeyBanc downgraded CubeSmart (CUBE) to Sector Weight from Overweight without a terms target. While the institution raised guidance for the 3rd consecutive 4th and New York City "provided important support," its fundamentals stay challenged and the 2026 maturation outlook appears little favorable, the steadfast tells investors successful a probe note.
B. Riley downgraded Applied Optoelectronics (AAOI) to Sell from Neutral with an unchanged terms people of $15, which represents 43% downside. A important information of the company's imaginable Amazon.com (AMZN) accidental has already been priced into the stock, the steadfast says.