Most Upgraded Stocks in 2025 and Predictions for 2026

In 2025, the technology and communication sectors emerged as the top performers on Wall Street, with many stocks receiving upgrades from analysts. The Technology Select Sector SPDR Fund (NYSEARCA: XLK) saw a return of 24.6%, closely followed by the Communication Services Select Sector SPDR Fund (NYSEARCA: XLC) with a 23.1% return.

Among these sectors, analysts showed a particular interest in three stocks that stood out in terms of upgrades. MarketBeat highlighted the three most upgraded stocks of 2025, along with future consensus targets for these stocks.

Snowflake (NYSE: SNOW), a tech and data analytics company, received 110 upgrades from analysts, making it the third most upgraded stock in 2025. The stock saw a significant rise of approximately 42% during the year.

Noteworthy was Snowflake’s consistent beatings of estimates on sales and adjusted EPS, with its revenue growth guidance also increasing from 25% to 27% in the full-year report. The company’s AI offerings played a significant role in driving customer engagement as well. Despite a minor sell-off following the margin guidance report, over a dozen analysts raised their price targets on Snowflake afterward.

The consensus price target for SNOW currently hovers around $275, suggesting a 25% upside in shares. Post the Dec. 3 report, targets have become slightly more optimistic, averaging at $278, indicating a 28% potential upside.

Cybersecurity and tech giant CrowdStrike (NASDAQ: CRWD) secured the second spot with 114 upgrades from analysts in 2025. Despite a 37% rise in shares, it was not the earnings reports that primarily drove the stock’s performance. Instead, the company’s investor day on Sept. 18 played a crucial role in sending shares up by nearly 13% as the firm unveiled impressive long-term guidance.

CrowdStrike anticipates its annual recurring revenue to grow by at least 20% by 2027 and doubling to reach $10 billion by 2031. The consensus price target for CRWD currently stands slightly above $555, suggesting a potential 22% increase. Updated targets post the company’s Dec. 3 earnings report average around $543, still indicating a 20% upside.

Alphabet (NASDAQ: GOOGL), the parent company of Google, led the 2025 upgrade rankings with 120 upgrades from Wall Street analysts. Despite belonging to the communication sector, Google’s technological advancements, particularly in AI, drove its success in 2025.

AI’s impact on Google’s Search and YouTube platforms, along with strong demand for AI infrastructure, helped propel the stock. With an overall total return of 66%, Alphabet received accolades for its Gemini 3 general-purpose AI model in 2025.