These are the five stocks to watch heading into Wednesday, November 11, 2026. Each received a bullish rating change or new coverage on Tuesday, November 10. Stocks surged on Monday, November 9, as oil prices fell and chip stocks rebounded. The S&P 500 rose 2.35% to 7,549.94, its best day since April. The Dow Jones Industrial Average gained 1,104.02 points, or 2.15%, to 52,389.75. The Nasdaq Composite climbed 2.74% to 25,253.14, lifting it out of correction territory. The Labor Department reported on November 10 that the Consumer Price Index rose 0.4% in October, above the 0.3% economists expected. Core prices, which exclude food and energy, rose 0.3%, also 0.1 point above forecasts. Fed Governor Christopher Waller had said a half-point December hike should be considered if core inflation reached about 0.3%. The major indexes traded modestly lower after the report. The Producer Price Index is due November 13.
The five ideas below span building systems contractors, bitcoin mining and data center land, handbags, database software, and regional banking. Editorial notes only, not investment advice.
Comfort Systems USA (FIX) – JPMorgan Initiates the Building Systems Contractor at Overweight
JPMorgan analyst Michael Fairbanks initiated coverage of Comfort Systems on Tuesday with an Overweight rating and a $1,700 price target. He called Comfort Systems and Sterling Infrastructure "infrastructure juggernauts." Comfort installs mechanical and electrical systems in data centers, factories, hospitals, and other large buildings. Third-quarter revenue rose 53.7% from a year earlier, and its backlog reached a record $17.8 billion. In our view, that backlog gives Comfort a cushion even if AI data center spending slows.
Shares traded near $1,109.02 during Tuesday's session, down about 0.38%, giving Comfort a market capitalization near $39 billion. The stock trades well below its 52-week high of $2,073.99 after a sharp decline that included a 15.1% drop on November 4. The 52-week low is $841.66, and the trailing price-to-earnings multiple is 23.89.
Consensus reads strong buy, with all five tracked firms bullish. The average price target of $1,775 implies roughly 60% upside, and the JPMorgan target implies about 53%.
Risks: On October 26, UBS's Joshua Chan cut his target to $1,900 from $2,225, and Oppenheimer's Brent Thielman cut his to $2,000 from $2,400. Gross margin slipped to 24.8% in the third quarter. Data center demand and thin coverage remain factors to monitor.
Riot Platforms (RIOT) – Jefferies Upgrades the Bitcoin Miner Turned Data Center Landlord
Jefferies analyst Jonathan Petersen upgraded Riot Platforms from Hold to Buy on Tuesday. He raised his price target to $28 from $13. He pointed to a 15-year powered land lease at Riot's Corsicana, Texas, site, starting in September 2027. He estimated an average annual yield of about 33%. He said the structure cuts Riot's capital spending to about $6 million per megawatt, compared with $11 million to $15 million for a typical data center build. In our view, leasing powered land reduces Riot's dependence on bitcoin prices.
Shares traded near $17.89 during Tuesday's session, up about 1.33%, giving Riot a market capitalization near $6.7 billion. The 52-week range runs from $11.50 to $30.32. The company has reported recent losses, so the price-to-earnings multiple is not meaningful.
Consensus reads strong buy, with all 16 tracked firms bullish. The average price target of $31.91 implies roughly 78% upside, and the Jefferies target implies about 57%. Morgan Stanley's Stephen Byrd raised his target to $41 from $35.50 on November 9.
Risks: Jefferies named delivery delays as the main risk. Bitcoin price swings and project financing remain factors to monitor.
Tapestry (TPR) – Cantor Fitzgerald Initiates the Coach Parent at Overweight
Cantor Fitzgerald initiated coverage of Tapestry on Tuesday with an Overweight rating and a $159 price target. It called Tapestry "a product-and-margin story that the Street still treats conservatively." Tapestry owns Coach and Kate Spade. Cantor noted that gross margin expanded to 76.6% in fiscal 2026 from 70.8% in fiscal 2023. In our view, Coach's pricing power with younger shoppers is the core of the bull case.
Shares traded near $135.70 during Tuesday's session, down about 0.27%, giving Tapestry a market capitalization near $27 billion. The 52-week range runs from $99.01 to $164.80, and the trailing price-to-earnings multiple is 17.47.
Consensus reads strong buy, with 12 of 14 tracked firms bullish and two neutral. The average price target of $168.50 implies roughly 24% upside, and the Cantor target implies about 17%. Barclays' Adrienne Yih raised her target to $195 from $185 on November 6.
Risks: UBS's Jay Sole rates the stock Neutral with a $142 target. Tariffs, consumer spending, and Kate Spade's turnaround remain factors to monitor.
MongoDB (MDB) – BTIG Initiates the Database Software Maker at Buy
BTIG analyst Gary Powell initiated coverage of MongoDB on Tuesday with a Buy rating and a $417 price target. He said several tailwinds can support revenue growth above 20% over the next few years. MongoDB sells a flexible database that developers use to build applications, largely through its Atlas cloud service. In our view, AI-driven app modernization could steer more workloads away from legacy databases toward MongoDB.
Shares traded near $327.00 during Tuesday's session, down about 0.11%, giving MongoDB a market capitalization near $26 billion. The 52-week range runs from $215.68 to $473.10. Earnings are small relative to the share price, so the trailing price-to-earnings multiple is not a useful guide.
Consensus reads strong buy, with 25 of 29 tracked firms bullish and four neutral. The average price target of $460.17 implies roughly 41% upside, and the BTIG target implies about 28%. Cantor Fitzgerald's Thomas Blakey reiterated Overweight with a $540 target on October 2.
Risks: Four firms rate the stock neutral. Usage-based revenue, competition from cloud providers, and software valuations remain factors to monitor.
East West Bancorp (EWBC) – Hovde Group Initiates the Regional Bank at Outperform
Hovde Group initiated coverage of East West Bancorp on Tuesday with an Outperform rating and a $153 price target. East West is a California-based bank known for serving customers doing business between the U.S. and Asia. In our view, East West's cross-border niche sets it apart from many regional peers.
Shares traded near $131.07 during Tuesday's session, little changed, giving East West a market capitalization near $18 billion. The stock sits near its 52-week high of $137.47 and well above its low of $98.72. The trailing price-to-earnings multiple is 12.47.
Consensus reads strong buy, with nine of 12 tracked firms bullish and three neutral. The average price target of $146.17 implies roughly 12% upside, and the Hovde target implies about 17%. Wells Fargo's Terry McEvoy raised his target to $155 from $150 on November 9.
Risks: Truist's David Smith rates the stock Hold with a $128 target, and Piper Sandler is neutral. U.S.-China relations, commercial real estate, and interest rates remain factors to monitor.
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