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10 Stocks Analysts Just Upgraded

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Wall Street spent last Thursday reminding investors how quickly a favorite theme can turn. Worries that Democratic midterm wins could bring tighter rules for artificial intelligence and data centers sent technology stocks sharply lower. The damage spread well beyond the group that was under the microscope.

The Nasdaq Composite fell 5.52%, its biggest one-day drop in 19 months, and closed more than 10% below its October record, a slide that put it in a correction. The S&P 500 lost 4.36%, its worst drop since the April 2025 tariff shock, and the Dow Jones Industrial Average slid 3.44%. The drop more than erased the previous day’s gain, the market’s best in three months.

Trading was frantic. About 26.9 billion shares changed hands, against a 20-session average of 17.7 billion.

Chip Stocks Take the Heaviest Hit as AI Build-Out Fears Spread

Semiconductor stocks absorbed the worst of it, and the selling was heavy in the other stocks tied to data center spending too. The Philadelphia SE Semiconductor Index dropped more than 12%, and S&P 500 companies lost about $3 trillion in market value in one session. Even so, the S&P 500 was still up 7.4% for the year, and the Nasdaq Composite was still up 4.6%.

“This feels like the capitulation phase for the data center capex beneficiary stocks, especially the semiconductors,” Argent Capital Management portfolio manager Jed Ellerbroek told Reuters. Melissa Brown, global head of investment decision research at SimCorp, said investors were starting to price in the chance that newly elected lawmakers would slow the build-out. Our ranking of oversold AI stocks where Wall Street analysts are spotting 50% or more upside covers more of the group.

Rate Worries and Oil Add Another Layer of Pressure

The selling landed on top of a tightening cycle. Cleveland Fed President Beth Hammack and Richmond Fed President Thomas Barkin both hinted at possible future rate hikes. Traders expected the Federal Reserve to raise rates again next month after a September increase.

Energy prices added to the strain. Brent crude rose 3.9% to $98.29 a barrel, while the 10-year Treasury yield slipped to 4.83% from 4.90%. Readers who follow analyst calls on value can find more ideas in our list of affordable stocks that Wall Street analysts like.

Overseas, the Bank of England raised its main rate for the first time in three years. Governor Andrew Bailey said, “The best thing that can happen is to resolve the conflict in the Middle East; there’s no question about it.”

Photo by Arturo Añez on Unsplash

Our Methodology

To compile this list, we reviewed analyst rating upgrades announced on Monday, November 9, 2026, as reported by financial news sites. From the stocks that came up, we picked the 10 with the highest average upside potential, as of November 9, 2026, and ranked them in ascending order of this metric. We also list each stock’s number of hedge fund holders as of Q2 2026, from our database of 1,006 hedge funds.

At Insider Monkey, we are obsessed with what hedge funds do. The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Insider Monkey’s quarterly newsletter strategy selects 14 small-cap and large-cap stocks every quarter and has returned 612% since May 2014, beating its benchmark by 375 percentage points (see more details here).

10 Stocks Analysts Just Upgraded

10. Rollins (NYSE:ROL)

Market Cap: $18.39 billion

Average Upside Potential: -1%

Number of Hedge Fund Holders: 63

Citi analyst Marc Van’t Sant upgraded Rollins to Buy from Neutral on Monday, November 9, and raised his price target to $49 from $32. Bulls on the stock argue the recent slowdown is a lead-generation problem the company can fix rather than a sign of weaker demand.

Rollins provides pest control services to homes and businesses, mostly under recurring service plans, with Orkin as its flagship brand. Third-quarter organic growth was 4.4%, and the company lowered its 2026 organic growth forecast to a range of 4% to 6%. Management attributes the shortfall to AI-driven search, which sends fewer leads to large brand websites.

Management is responding by publishing prices and same-day service windows so AI tools surface them, and by buying ads on ChatGPT and Google. Declines in organic website traffic narrowed in September, though a similar improvement earlier this year did not last. Management says it has seen no meaningful increase in cancellations, and it expects organic growth to return to 7% to 8% over time.

Bears point to the lower profit margin as the cost of the shift. Our piece on whether repeat customers still justify a premium for Rollins weighs that debate.

9. Airbnb (NASDAQ:ABNB)

Market Cap: $114.08 billion

Average Upside Potential: 6%

Number of Hedge Fund Holders: 75

Rothschild & Co Redburn upgraded Airbnb to Neutral from Sell on Monday, November 9, and set a $190 price target. The firm said its cautious stance “proved correct over a six-year period but wrong over the past year.”

Airbnb runs an online marketplace where travelers book stays and experiences from independent hosts. Redburn says growth in nights booked failed to outpace Booking and Expedia for two years as Airbnb’s core markets matured, and that heavy marketing spending left earnings growth behind peers. It adds that it missed early signs of a turnaround and attributed a gap in booking growth to one-off factors.

Third-quarter results changed its view. Redburn says room-night growth showed the underlying business accelerating, and that stronger growth “better supports Airbnb’s premium valuation.” Airbnb reported revenue of $4.9 billion, up 19%, with nights and seats booked up 16%. It raised its full-year outlook to revenue growth in the high teens and authorized an additional $12 billion in share repurchases.

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