Buy/Sell: Wall Street’s top 10 stock calls this week

What has Wall Street been buzzing about this week? Here are the top 5 Buy calls and the top 5 Sell calls made by Wall Street’s best analysts during the week of November 10-14. 

Find all top-rated stocks by the best-rated analysts on TipRanks.

Top 5 Buy Calls:

1. Microsoft initiated with an Outperform at Baird

Baird initiated coverage of Microsoft (MSFT) with an Outperform rating and $600 price target. The firm says Microsoft is “leading the AI revolution” with infrastructure and applications, driven by its partnership with OpenAI, which provides an end-to-end artificial intelligence platform for enterprises and consumers. Microsoft is positioned to continue to grow revenue double-digits at “significant scale,” Baird tells investors in a research note. While the stock has performed well, it is off its recent highs on AI capex and cycle concerns, adds the firm.

2. Meta Platforms upgraded to Buy at Freedom Capital

Freedom Capital upgraded Meta Platforms (META) to Buy from Hold with an unchanged price target of $800. The firm believes the shares at current levels do not fully price in Meta’s artificial intelligence strategy. The company’s Q3 sales topped estimates, driven by a surge in advertising revenue, enhanced recommendation algorithms, and boosted user engagement, Freedom tells investors in a research note.

3. Wedbush upgrades DoorDash to Outperform, says executing well across initiatives

Wedbush upgraded DoorDash (DASH) to Outperform from Neutral with a $260 price target. The firm notes DoorDash has retained a leading competitive position within the U.S. food and delivery market and continues to execute well across strategic initiatives as management positions the company for long-term sustainable growth.

4. Wells Fargo upgrades Nike to Overweight on improving visibility

Wells Fargo upgraded Nike (NKE) to Overweight from Equal Weight with a price target of $75, up from $60. The firm says visibility into Nike’s sales and margins “is finally improving.” The company has been in a negative estimate revision cycle for three years, but this will reverse over the next 6-9 months, Wells tells investors in a research note. The firm sees “material green shoots” in Nike’s innovation and believes headwinds to the business are set to dissipate. It thinks Nike has the potential to exit fiscal 2026 growing revenue at 3%-4% with gross margins expanding by 200 basis points.

5. BMO upgrades Instacart to Outperform, citing attractive valuation

BMO Capital upgraded Instacart (CART) to Outperform from Market Perform with an unchanged price target of $58. The company reported “solid” Q3 results and trades at an attractive valuation, the firm tells investors in a research note. BMO views Instacart’s guidance, which it says came in slightly above consensus estimates at the midpoint, as “relatively conservative.” Instacart is trading at a discount to its historical valuation levels, which creates an attractive risk/reward ratio, contends the firm. It believes the company’s core grocery marketplace “remains healthy and continues to grow.”

Top 5 Sell Calls:

1. Dollar Tree downgraded to Sell from Buy at Goldman Sachs

Goldman Sachs double downgraded Dollar Tree (DLTR) to Sell from Buy with a price target of $103, down from $133. The shares are now pricing in the company’s better fundamentals and upside from here “gets harder,” the firm tells investors in a research note. Goldman cites concerns around the lower income consumer, a declining consumer perception on price and value, and a preference for other discounters with improving value propositions for the double downgrade.

2. Fastenal downgraded to Underperform at Wolfe Research

Wolfe Research downgraded Fastenal (FAST) to Underperform from Peer Perform with a $43 price target. The company’s sales have been decelerating, and Wolfe now sees inflationary pressures beginning to weigh on its gross margins, the firm tells investors in a research note. Wolfe says that while Fastenal’s multiple has been normalizing lower, there is risk of further compression since the stock’s relative valuation “remains challenging.”

3. CarMax initiated with an Underweight at Barclays

Barclays initiated coverage of CarMax (KMX) with an Underweight rating and $28 price target. The firm rolled out coverage on the auto retail sector with a neutral view. Sector fundamentals are mixed, but the dealers offer “resiliency and strong shareholder returns.” Barclays is constructive on the growth outlook for the digital auction marketplaces as it sees the companies gaining shared from physical auctions. The firm cites uncertainty over CarMax’s strategy for the Underweight rating.

4. B. Riley downgrades Applied Optoelectronics to Sell on valuation

B. Riley downgraded Applied Optoelectronics (AAOI) to Sell from Neutral with an unchanged price target of $15, which represents 43% downside. A significant portion of the company’s potential Amazon.com (AMZN) opportunity has already been priced into the stock, the firm tells investors in a research note. Riley views 2026 revenue estimates Applied Optoelectronics as “lofty” as it believes the company “faces a challenging road” despite the Amazon opportunity. The firm cites valuation for the downgrade.

5. JD.com downgraded to Underweight at Morgan Stanley

Morgan Stanley downgraded JD.com (JD) to Underweight from Equal Weight with a $28 price target. The firm views JD as the worst positioned Chinese e-commerce stock over the next 12 months. The company’s revenue growth will significantly slow and its margins will erode due to easing trade-in effects and investments in new businesses, the analyst tells investors in a research note. Morgan Stanley believes these are weakening JD’s ability to improve shareholder returns.