DraftKings downgraded, Instacart upgraded: Wall Street’s top analyst calls

Top 5 Upgrades:

• BMO Capital upgraded Instacart (CART) to Outperform from Market Perform with an unchanged terms people of $58. The institution reported “solid” Q3 results and trades astatine an charismatic valuation, the steadfast tells investors successful a probe note.

• Mizuho upgraded Qorvo (QRVO) to Neutral from Underperform with a terms people of $93, up from $75. The company’s merger with Skyworks (SWKS) provides “valuation synergies,” which helps offset broader handset headwinds, the steadfast tells investors successful a probe note. The steadfast besides upgraded Skyworks to Neutral from Underperform.

• JPMorgan upgraded ViaSat (VSAT) to Overweight from Neutral with a terms people of $50, up from $23. The steadfast present sees a higher probability of a separation of the company’s Defense and Advanced Technologies conception pursuing its shareholder letter.

• Clear Street upgraded Bullish (BLSH) to Buy from Hold with a terms people of $57, down from $60. The institution has taken marketplace stock successful spot trading globally amid its enlargement successful options, the U.S. marketplace and liquidity services, the steadfast tells investors successful a probe note.

• Rothschild & Co Redburn upgraded Cintas (CTAS) to Neutral from Sell with a terms people of $184, up from $177. The steadfast inactive sees a “small risk” to statement expectations successful fiscal 2026 and 2027, but says the de-rating of the shares limits further downside.

Top 5 Downgrades:

• CBRE downgraded DraftKings (DKNG) to Hold from Buy with a $36 terms target. The steadfast cites imaginable contention from prediction markets for the downgrade.

• JPMorgan downgraded CoreWeave (CRWV) to Neutral from Overweight with a terms people of $110, down from $135, station the Q3 report. The steadfast says mounting proviso concatenation pressures offset the company’s “very robust” bookings performance.

• Morgan Stanley downgraded SPS Commerce (SPSC) to Equal Weight from Overweight with a terms people of $100, down from $140. The steadfast believes the company’s near-term maturation volition beryllium “constrained” arsenic the macro situation is hurting its retail extremity market.

• JPMorgan downgraded Mosaic (MOS) to Neutral from Overweight with a terms people of $26, down from $37. The steadfast says phosphate prices person moved little from caller peaks portion request for phosphate products successful the U.S. “is fragile.” Phosphate prices stay precocious by humanities standards and husbandman equilibrium sheets are weak

• UBS downgraded Forge Global (FRGE) to Neutral from Buy with a terms people of $45, up from $34, aft the institution entered into an statement to beryllium acquired by the Charles Schwab (SCHW) for $45 per communal share.