Don’t Miss Out: 10 Stocks Getting Major Upgrades From Top Analysts

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4. Baytex Energy (NYSE:BTE)

Market Cap: $2.92 billion

Average Upside Potential: 48%

Number of Hedge Fund Holders: 22

TD Cowen analyst Menno Hulshof upgraded Baytex Energy, the Canadian oil and gas producer, to Buy from Hold on November 6 with a price target of C$8.

Hulshof described the company’s growth plan as “thoughtful” and said it has “optionality.” He also said the recent drop in the share price offers “an attractive entry point” for investors.

For the third quarter, Baytex reported petroleum and natural gas sales of C$605.9 million and production of 71,606 barrels of oil equivalent a day, 5% above a year earlier. At the end of September it had net cash of C$522.4 million, against net debt of C$2,244.4 million twelve months before. Its U.S. business was sold in December 2025. Free cash flow was C$138.5 million, and shareholder returns in the quarter totaled C$165 million, of which C$149 million went to buybacks.

Baytex raised its 2026 capital budget to about C$665 million and left production guidance at about 71,000 barrels a day. It guided 2027 production to 76,000 to 79,000 barrels a day, growth of 7% to 11%. Its Duvernay production hit a record 12,806 barrels a day, up 26%.

3. SiTime (NASDAQ:SITM)

Market Cap: $12.59 billion

Average Upside Potential: 71%

Number of Hedge Fund Holders: 76

Seaport Global analyst Jay Goldberg upgraded SiTime to Buy from Neutral on November 6 and set a price target of $425.

Goldberg said the recent sell-off in AI-related stocks was too broad and went too far, which he sees as a buying opportunity in the timing solutions company. Seaport said it had stayed on the sidelines earlier because of valuation concerns. The upgrade came after a dip in the shares following earnings.

SiTime makes silicon-based timing parts that replace traditional quartz components. It reported third-quarter results after the market closed on November 4: net revenue was $298.7 million, up 257% from $83.6 million in the third quarter of 2025. Gross margin was 51.6% on a GAAP basis and 70.7% non-GAAP. GAAP net income was $4.4 million, or $0.14 per diluted share, while non-GAAP net income was $130.3 million, or $4.01 per diluted share.

SiTime’s Chief Executive Officer Rajesh Vashist said in the release, “AI infrastructure buildout continued to drive demand for differentiated timing.”

Benchmark also assigned the stock a Buy rating, which we covered in our write-up on SiTime and the timing technology market’s expansion.

2. Centrus Energy (NYSE:LEU)

Market Cap: $2.14 billion

Average Upside Potential: 78%

Number of Hedge Fund Holders: 28

Roth Capital analyst Joe Reagor upgraded Centrus Energy to Buy from Neutral on November 6 and kept his price target at $115.

Roth had been worried that revenue could fall in 2028 because a ban on Russian uranium imports starts on January 1, 2028, unless the U.S. government changes course. The firm now says Centrus has cut that risk considerably through a recent contract and acquisition, and it judged the timing right to upgrade.

In its third-quarter report, Centrus listed about $5.4 billion of contingent sales commitments for low-enriched uranium and high-assay low-enriched uranium, with $5.1 billion under definitive agreements. It has finished manufacturing and started shipping centrifuges from Oak Ridge, Tennessee, ahead of its year-end target, and its CEO described the first new centrifuge shipment as two months ahead of schedule. Centrus also completed contracts with all the supply-chain partners it considers critical, ahead of that same year-end goal. Its report also refers to its recent acquisition of Westerman. It forecasts 2026 revenue of $450 million to $500 million.

We covered a new HALEU supply deal with Antares earlier this fall.

1. Solaris Energy Infrastructure (NYSE:SEI)

Market Cap: $4.63 billion

Average Upside Potential: 84%

Number of Hedge Fund Holders: 65

Raymond James analyst J.R. Weston upgraded Solaris Energy Infrastructure to Strong Buy from Outperform on November 6 and raised his price target to $113 from $102.

Weston called the roughly 25% drop over five days a good moment to buy. He believes the market is undervaluing Solaris’s shift into power infrastructure over the next several years, and that its long-duration earnings, which are becoming easier to see, do not match the volatility in the shares. He noted that the 3.5-gigawatt fleet is about 91% contracted, with longer contracts, investment-grade customers and strong payment protections. Wider turnkey work and customer expansions lifted his estimate of full-deployment EBITDA to about $1.65 billion, roughly $300 million above the company’s September outlook.

The upgrade came after Solaris’s third-quarter report. The company raised its fourth-quarter adjusted EBITDA outlook to $165 million to $185 million, and adjusted EBITDA rose about 26% from the prior quarter to roughly $136 million. It also kept its dividend at $0.12 per share, the 33rd consecutive quarterly payment, and cited $1.5 billion in fresh liquidity.

We asked whether the stock was too expensive after Solaris lifted its EBITDA guidance earlier this fall.

READ NEXT: Solaris Energy (SEI) Rockets 16% on Upbeat H2, Hedge Fund Holdings Jump and Centrus Energy (LEU) May Have Found its Next Major Growth Opportunity

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