Wall Street closed out a historic week Friday with the second-largest triple witching on record — roughly $7 trillion in options notional value rolled off the books — while the bigger headline came from Omaha: Warren Buffett announced he’s stepping down as Berkshire Hathaway’s chairman after six decades, handing the role to his son Howard while remaining on the board. Against that backdrop, the major indexes finished mixed (S&P 500 +0.17%, Nasdaq +0.39%, Dow -0.18%), with the Dow still notching its third straight losing week. With no single catalyst dominating Monday’s calendar, this week’s watch list leans on genuine company-specific stories — some brand new, some still very much unresolved. Here are the 10 top stocks to watch tomorrow.

1. SailPoint (SAIL) | Up Roughly 15% This Month | Wall Street’s Favorite Identity-Security Comeback

A Post-IPO Stock Finally Finding Its Footing

SailPoint has quietly become one of the best-performing cybersecurity names of September, riding a wave of sector-wide enthusiasm without even reporting earnings of its own.

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Why It’s in Focus: SailPoint’s stock has been “cruising higher” on the back of strong earnings from peers Okta and CrowdStrike rather than its own results, with the broader identity-security and cybersecurity trade catching a serious bid this month — CrowdStrike up 14%, Okta up 10%, and the First Trust Nasdaq Cybersecurity ETF (CIBR) up 5% in a single week. Morgan Stanley lifted its price target to $22 with an Overweight rating, specifically citing SailPoint’s core strength in identity governance amid rising AI-driven cyber threats, while Bank of America has stayed more cautious on near-term product execution.

Technicals: SAIL has climbed from a September 11 close near $17.24 to nearly $20, holding the $19.50–$20.00 zone with what analysts describe as “quiet, persistent buying” rather than a one-off spike. Resistance sits at $21–$22, the Morgan Stanley target zone. Support sits at $18.00–$18.30, last week’s breakout level.

Bull Case: Identity security sits directly at the intersection of two of 2026’s hottest themes — AI agent proliferation and rising enterprise cyberattack volume — and BofA itself frames SailPoint as a “key identity security player poised to benefit from AI-driven cyber threats.”

Bear Case: Morgan Stanley’s own note flagged that “share-ownership overhang still limits valuation upside versus peers,” and the stock’s rally has been driven almost entirely by other companies’ earnings rather than its own fundamentals — a dynamic that can reverse just as quickly as it built.

Forecast: With SailPoint’s own next earnings report still weeks away, watch whether the stock can hold its gains purely on sector sentiment, or whether it pulls back to wait for its own numbers to catch up to the story.

2. Penguin Solutions (PENG) | Cooling Off After a Sharp Run-Up | Did the AI Infra Summit Deliver?

The Real Test Comes After the Conference Booth Closes

Penguin Solutions spent the past week showcasing its newest AI memory hardware at a major industry summit — and now the market gets to decide whether the story was worth the run-up.

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Why It’s in Focus: Penguin Solutions shares slipped as traders took profits following a sharp run-up into the AI Infra Summit, even as the company showcased its new 11TB MemoryAI KV Cache Server — built to address the AI industry’s “memory wall” bottleneck in large language model inference — alongside a newly disclosed AI data-center partnership with Lektra. The retreat looks like classic sell-the-news behavior rather than a fundamentals shift: Penguin’s most recent quarter delivered record results with an explicitly raised full-year outlook, driven by exceptional growth in both memory and non-hyperscale AI infrastructure segments.

Technicals: With the summit now concluded, watch for stabilization above the pre-summit breakout level as a sign institutional buyers are sticking around post-event, versus a deeper fade that would suggest the run-up was purely speculative positioning.

Bull Case: A raised guide backed by real backlog and favorable pricing, combined with a genuine technical differentiator in CXL-based memory expansion, gives Penguin a substantive story that doesn’t depend on summit hype alone.

Bear Case: No new price targets were issued around the event itself, and a stock that ran up purely on anticipation of a conference appearance is vulnerable to exactly the kind of profit-taking it just experienced.

Forecast: This is a case where the underlying fundamentals (raised guidance, real backlog) look more durable than the trade — watch for analyst commentary in the coming days to see if the summit showcase translates into any concrete new design wins.

3. IREN Limited (IREN) | The JPMorgan Upgrade Still Searching for Traction

A Full Week Later, the Bulls and Bears Are Still Fighting It Out

IREN closes out its first full week since JPMorgan’s dramatic double-upgrade still trying to prove the bullish thesis can win out over broader AI-sector jitters.

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Why It’s Still in Focus: A week after JPMorgan’s upgrade, IREN remains caught between a genuinely bullish fundamental case — rising per-watt pricing, a $4 billion ARR target, an Nvidia partnership — and a broader neocloud sector still working through post-Fed-hike jitters about financing costs for massive planned capex.

Technicals: Resistance sits at $49–$50. Support sits at $40–$41; a sustained hold above this zone through the new week would be the clearest signal yet that the JPMorgan thesis is gaining traction with the broader market.

Bull Case: The fundamental upgrade thesis hasn’t been invalidated by anything company-specific — this remains a story about broader sector sentiment, not IREN’s own execution.

Bear Case: With only about $1 billion of the $4 billion ARR target currently operating, the stock needs to see that backlog convert into live revenue to justify sustained upside from here.

Forecast: Watch for the stock to finally decouple from broader AI-sector sentiment — continued correlation with peers rather than its own news would suggest the market isn’t yet ready to reward IREN individually.

4. Redwood Trust (RWT) | Post-Fed-Hike Verdict Still Being Written

Did the Rate Hike Help or Hurt Mortgage Rates After All?

Redwood Trust’s counterintuitive bull case — that a Fed hike calming long-term yields could actually help mortgage rates — got a real-world test this week as the 10-year Treasury yield first spiked above 5%, then eased, then popped back above that threshold by Friday.

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Why It’s Still in Focus: The 10-year yield’s whipsaw this week — spiking past 5% early in the week, easing Thursday, then climbing back above that threshold Friday — has kept Redwood’s core investment thesis genuinely unresolved. This remains one of the purest real-time tests of whether the Fed’s hike helps or hurts mortgage-sensitive names.

Technicals: Resistance sits at $4.19–$4.50. Support sits at $3.50.

Bull Case: If the 10-year yield’s Friday bounce proves temporary and yields resume easing next week, Redwood’s beaten-down valuation offers real upside from current levels.

Bear Case: A 10-year yield that keeps closing back above 5% suggests the bond market isn’t buying the “hike calms yields” thesis, which would extend pressure on Redwood’s core origination business.

Forecast: Watch the 10-year yield’s direction in early week trading — it remains the single best leading indicator for where RWT heads next.

5. Rigetti Computing (RGTI) | Government Money Still Fighting Sector-Wide Selling

Quantum Computing’s Best Funding News in Months Meets Its Worst Sentiment Backdrop

Rigetti Computing enters the new week still trying to translate genuine government backing into sustained share-price strength against a quantum sector that’s been hit hard by broader AI-slowdown fears.

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Why It’s Still in Focus: The direct government funding and equity-stake pattern remains a genuine, durable catalyst distinct from typical speculative tech hype — but quantum stocks broadly continue underperforming the Nasdaq-100 on down days, making this an ongoing tug-of-war between fundamental support and sector-wide risk aversion.

Technicals: Resistance sits at $16–$17. Critical support sits at $12.53, the 52-week low.

Bull Case: Non-dilutive government capital and a direct equity stake provide a level of validation few speculative tech names enjoy right now.

Bear Case: At historically stretched forward price-to-sales multiples, RGTI remains acutely vulnerable to any broader risk-off shift, government backing notwithstanding.

Forecast: Watch relative performance against fellow funding recipients D-Wave and Quantinuum — outperformance would confirm the funding catalyst is being priced on its own merits.

6. CoreWeave (CRWV) | Leverage Concerns Meet a Choppy Yield Backdrop

The Credit Market Story That Still Hasn’t Resolved

CoreWeave’s highly leveraged balance sheet remains under the microscope as Treasury yields continue their volatile post-Fed-hike dance.

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Why It’s Still in Focus: With the 10-year yield bouncing between roughly 4.95% and just above 5% throughout the week, CoreWeave’s financing costs remain a live, unresolved question rather than a settled one.

Technicals: Resistance sits at $90–$95. Support sits at $80.

Bull Case: Revenue growth and raised guidance from last quarter remain intact regardless of this week’s yield volatility.

Bear Case: A 14x leverage ratio means even modest, sustained increases in borrowing costs meaningfully affect the company’s financial trajectory.

Forecast: Corporate bond spreads for highly-leveraged tech names remain the more important signal to watch than the stock price alone.

7. The Elmet Group (ELMT) | Analyst Targets Finally Catching Up

A Week Later, Wall Street Starts Reassessing the $450M Deal

Elmet’s landmark Department of War investment is now old enough news that the market’s initial reaction has settled — making this the week to watch for the first wave of substantive analyst re-ratings.

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Why It’s Still in Focus: A full week after the deal’s announcement, formal price-target updates from covering analysts remain the key missing piece — Canaccord’s pre-deal $21 target is still the most recent figure on record despite the stock’s initial 32% surge.

Technicals: Watch $22.51 as the level to reclaim for fresh highs; support sits at $19.50–$20.00.

Bull Case: Multi-year, government-backed revenue visibility remains fully intact regardless of the pace of analyst updates.

Bear Case: The government’s warrant position for up to 19.9% of common stock remains a real dilution overhang that hasn’t been fully priced in yet.

Forecast: A cluster of upward price-target revisions this week would confirm the market sees this as a durable re-rating rather than a one-time pop.

8. ACV Auctions (ACVA) | Still Trading Like Clockwork

The Quietest, Most Reliable Story on This List

ACV Auctions remains exactly where it’s traded for over a week now: pinned just below its agreed buyout price as Copart’s acquisition works through regulatory review.

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Why It’s Still in Focus: With no material news since the deal announcement, ACVA continues functioning as a low-volatility merger-arbitrage trade — a useful contrast to the rest of this list’s higher-beta names heading into a still-uncertain macro week.

Technicals: Resistance capped at $10.50. Support at $10.00–$10.20.

Bull Case: Close to a locked-in return for holders below $10.50, barring a regulatory surprise.

Bear Case: Extended antitrust review remains the sole real risk to the deal timeline.

Forecast: Continue watching for regulatory headlines rather than price action — this stock isn’t going anywhere dramatic without one.

9. Ocean Power Technologies (OPTT) | One Week Into the Reverse Split Verdict

Has the Stock Actually Stabilized, or Just Gone Quiet?

Ocean Power Technologies enters its second full week of split-adjusted trading, giving a clearer picture of whether the reverse split genuinely addressed investor concerns.

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Why It’s Still in Focus: A full week of split-adjusted trading now provides a real sample size for judging stability, rather than the noisy first two or three sessions immediately following the split.

Technicals: Watch for a second consecutive week of relatively contained trading as the clearest sign yet that the split has held.

Bull Case: The U.S. Army coastal-testing demonstration for its WAM-V platform remains a credible, non-dilutive catalyst independent of the capital-structure story.

Bear Case: An active going-concern warning remains unresolved regardless of how the split itself has traded.

Forecast: This is purely a stabilization watch at this point — no news is arguably good news for a stock this fragile.

10. HUB Cyber Security (HUBC) | The Third Split’s Longest Test Yet

A Full Week In, and the Verdict Is Still Out

HUB Cyber Security’s newest reverse split has now had a full week to prove it’s different from its two predecessors — the longest runway this particular capital-structure reset has gotten.

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Why It’s Still in Focus: Both of HUBC’s prior reverse splits failed to produce lasting stability within their first couple of weeks — meaning this week represents the point where the pattern from its predecessors would typically start reasserting itself, if it’s going to.

Technicals: Watch for whether the stock holds its post-split range through a second full week — the strongest positive signal available for this name right now.

Bull Case: Regaining Nasdaq Market Value compliance earlier this year remains a genuine, if modest, positive data point independent of the split’s price performance.

Bear Case: A third reverse split in twelve months following the same pattern as the first two would be a discouraging, if unsurprising, outcome.

Forecast: The burden of proof remains entirely on HUBC to show two consecutive weeks of stability — something neither prior split achieved.

At a Glance: Stocks to Watch Tomorrow

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Disclaimer: This publication is entirely for informational and journalistic purposes and does not constitute formal financial, investment, or legal advice. All market investments carry inherent risks of capital loss, and small-cap, high-volatility, and recently split stocks like those featured above carry elevated risk. Stock prices, percentage moves, technical levels, and market data cited reflect figures available at the time of publication and are subject to change as trading continues. Analyst price targets and ratings are third-party estimates and do not guarantee actual results. Always complete independent due diligence prior to executing equity trades.

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Kasia Davis

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