These are the five stocks to watch heading into Friday, November 13, 2026. Each received a bullish rating change or new coverage on Thursday, November 12. Stocks rallied on Wednesday, November 11, after strong CoreWeave results revived the AI trade. The S&P 500 rose 98.45 points, or 1.31%, to 7,619.38. The Dow Jones Industrial Average gained 254.60 points, or 0.49%, to 52,486.49, and the Nasdaq Composite climbed 1.60% to 25,466.19. On November 12, Nvidia said CEO Jensen Huang had resigned, naming CFO Colette Kress interim CEO. Nvidia shares fell, but the major indexes recovered from early losses by midday. The October Producer Price Index is due November 13, and Nvidia reports quarterly results November 17.
The five ideas below span AI processors, auto aftermarket parts, ecommerce services, quantum computing, and metals distribution. Editorial notes only, not investment advice.
Advanced Micro Devices (AMD) – William Blair Upgrades the Chipmaker as Its Rival Stumbles
William Blair analyst Sebastien Naji upgraded AMD from Market Perform to Outperform on Thursday, without a price target. He said Intel's Xeon roadmap still faces delays and supply shortages, and the move to Arm-based servers has proved less decisive than feared. He expects AMD's data center AI revenue to surpass its server CPU business in the fourth quarter, and revenue growth above 80% next year. In our view, Nvidia's leadership turmoil gives AMD an opening with customers looking to diversify suppliers.
Shares traded near $578.58 during Thursday's session, up about 4.64%, giving AMD a market capitalization near $949 billion. The 52-week range runs from $188.22 to $658.52, and the trailing price-to-earnings multiple is 125.44.
Consensus reads strong buy, with 28 of 33 tracked firms bullish and five neutral. The average price target of $621.67 implies roughly 7% upside. Bank of America's Vivek Arya raised his target to $700 from $650 on November 12, implying about 21%.
Risks: RBC Capital's Srini Pajjuri reiterated Sector Perform with a $540 target on November 12. William Blair flagged custom chips at Meta and OpenAI as a threat to AMD's Instinct accelerators. A rich valuation remains a factor to monitor.
Dorman Products (DORM) – Barclays Initiates the Auto Aftermarket Supplier at Overweight
Barclays analyst John Babcock initiated coverage of Dorman Products on Thursday with an Overweight rating and a $165 price target. He expects Dorman to grow revenue 4% to 5% or more through 2028, outpacing most of Barclays' U.S. auto retail coverage. Dorman supplies replacement parts for cars, trucks, and heavy-duty vehicles. In our view, an aging vehicle fleet gives Dorman steady demand regardless of new-car sales.
Shares traded near $132.87 during Thursday's session, down about 1.25%, giving Dorman a market capitalization near $3.9 billion. The 52-week range runs from $98.45 to $155.37, and the trailing price-to-earnings multiple is 19.82.
Consensus reads strong buy, with all six tracked firms bullish. The average price target of $154 implies roughly 16% upside, and the Barclays target implies about 24%. Wells Fargo's David Lantz rates the stock Overweight.
Risks: Lantz cut his target to $150 from $160 on October 23. Tariffs on imported parts and the timing of a freight recovery remain factors to monitor.
Pattern Group (PTRN) – Jefferies Upgrades the Ecommerce Marketplace Partner
Jefferies analyst John Colantuoni upgraded Pattern Group from Hold to Buy on Thursday and raised his price target to $27 from $20. Pattern helps brands sell on large ecommerce marketplaces, buying inventory directly from partners. Colantuoni said growth from existing brands is now complemented by larger contributions from new ones. He noted 41% revenue growth across existing brand partners in fiscal 2026 and net revenue retention near 127%. In our view, that retention rate shows how sticky Pattern's brand relationships are.
Shares traded near $21.10 during Thursday's session, up about 3.63%, giving Pattern a market capitalization near $3.3 billion. The 52-week range runs from $8.92 to $29.80, and the trailing price-to-earnings multiple is 32.46.
Consensus reads strong buy, with all eight tracked firms bullish. The average price target of $25.75 implies roughly 22% upside, and the Jefferies target implies about 28%. Needham's Bernie McTernan raised his target to $32 from $29 on November 5.
Risks: KeyBanc's Justin Patterson cut his target to $25 from $30 on November 2. The stock has risen about 76% year to date. Dependence on marketplace platforms remains a factor to monitor.
Quantinuum (QNT) – BTIG Initiates the Quantum Computing Developer at Buy
BTIG analyst Jesse Sobelson initiated coverage of Quantinuum on Thursday with a Buy rating and a $60 price target. He called it "the current quality leader" in quantum computing, trading at a discount to peers. BTIG said Quantinuum's trapped-ion design needs far fewer physical qubits per error-corrected logical qubit than superconducting rivals. Third-quarter revenue rose 233% to $9.1 million, and the company raised its 2026 sales guidance to $31 million to $34 million. In our view, Quantinuum offers technical leadership, but commercial scale remains years away.
Shares traded near $38.39 during Thursday's session, down about 5.38%, giving Quantinuum a market capitalization near $10.1 billion. The 52-week range runs from $28.31 to $86.79. The company is unprofitable, so the price-to-earnings multiple is not meaningful.
Consensus reads strong buy, with all eight tracked firms bullish. The average price target of $77.75 is lifted by one older $155 target, so the median of $63.50 is a better guide. The BTIG target implies about 56% upside.
Risks: Bank of America's Vivek Arya cut his target to $50 from $85 on November 9, and Cantor Fitzgerald's Troy Jensen cut his to $55 from $90 on November 6. Small revenue, heavy spending, and sector volatility remain factors to monitor.
Reliance (RS) – Barclays Upgrades the Largest U.S. Metals Distributor
Barclays analyst Richard Garchitorena upgraded Reliance from Equal Weight to Overweight on Thursday and raised his price target to $507 from $445. He cited tight supply and strong demand that should let Reliance raise prices while costs stay flat. He expects Reliance to grow volumes faster than the market in 2027, helped by a U.S. government border wall contract. Barclays said a second phase could bring about $800 million in additional orders. In our view, Reliance's scale and value-added processing support margins above industry averages.
Shares traded near $435.60 during Thursday's session, up about 1.33%, giving Reliance a market capitalization near $22 billion. The 52-week range runs from $263.12 to $454.93, and the trailing price-to-earnings multiple is 20.32. The dividend yield is about 1%.
Consensus reads buy, with three of eight tracked firms bullish and five neutral. The average price target of $425.50 sits below the share price, so the Barclays target, which implies about 16% upside, is the more relevant marker.
Risks: Citigroup's Alexander Hacking rates the stock Neutral with a $460 target, and JPMorgan's Bennett Moore is Neutral at $420. Steel price swings and government contract timing remain factors to monitor.
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