Here’s a summary of the most impactful analyst rating changes on Wall Street, compiled by The Fly, that investors should focus on today.

**Top Five Upgrades**

Roku Inc (ROKU): Morgan Stanley upgraded the stock from "Underweight" to "Overweight," raising its price target from $85 to $135. The firm cited strong digital ad market performance, projecting "solid" growth in U.S. ad spending by 2026.

Okta (OKTA): Jefferies lifted its rating from "Hold" to "Buy," increasing the target price from $90 to $125. The firm highlighted Okta’s efforts to build a comprehensive identity platform, positioning it to capitalize on rising demand for intelligent agents.

ServiceNow (NOW): Guggenheim upgraded the stock from "Sell" to "Neutral," noting that the current valuation has become attractive relative to its previous target.

Rockwell Automation (ROK): Goldman Sachs raised its rating from "Sell" to "Neutral," boosting the target from $329 to $448. The bank pointed to early-stage structural pricing improvements under new leadership, which could drive operational leverage.

L3Harris Technologies (LHX): Morgan Stanley upgraded the stock from "Equal Weight" to "Overweight," lifting the target from $350 to $367, citing favorable aerospace and defense industry dynamics with demand outpacing supply in 2026. The firm also upgraded General Dynamics (GD) to "Overweight."

**Top Five Downgrades**

Zimmer Biomet (ZBH): Baird downgraded the stock from "Outperform" to "Neutral," cutting the target from $117 to $100, citing disappointing 2025 performance and competitive pressure from Stryker’s Mako surgical robot.

Capri Holdings (CPRI): Wells Fargo downgraded the stock from "Overweight" to "Equal Weight," raising the target slightly from $25 to $27, as positive catalysts have faded and risk-reward appears balanced.

Lockheed Martin (LMT): Morgan Stanley downgraded the stock from "Overweight" to "Equal Weight," lowering the target from $630 to $543. While still bullish on aerospace and defense, the firm sees limited upside for Lockheed.

StubHub (STUB): Citizens Bank downgraded the stock from "Outperform" to "Market Perform," citing intensifying competition in 2026, which may curb market share gains and increase marketing costs.

GitLab (GTLB): KeyBanc downgraded the stock from "Overweight" to "Sector Weight," flagging pricing pressure and execution risks amid its shift to a usage-based billing model.

**Top Five Initiations**

MongoDB (MDB): Raymond James initiated coverage with a "Market Perform" rating, noting balanced bullish and bearish sentiment despite its strong position in the database platform space.

D-Wave Quantum (QBTS): Jefferies started coverage with a "Buy" rating and a $45 target, citing growing interest and adoption of quantum computing architectures.

Omnicom Group (OMC): Morgan Stanley resumed coverage with an "Equal Weight" rating and an $88 target, highlighting both opportunities and risks from M&A integration.

Freshpet (FRPT): Morgan Stanley initiated coverage with an "Equal Weight" rating and a $71 target, acknowledging long-term growth potential in fresh pet food but near-term macroeconomic headwinds.

Jumia Technologies (JMIA): Craig-Hallum initiated coverage with a "Buy" rating and an $18 target, citing improved product assortment, scalable logistics, and diversified payments supporting its 2030 profitability goals.