Top Wall Street Analysts Are Bullish on These 3 Stocks for the Long Term

Investors are looking beyond the prolonged U.S. government shutdown and remaining optimistic about growth drivers such as the artificial intelligence boom and expectations of further interest rate cuts.

Ignoring the short-term noise, those looking for attractive investment opportunities can consider stock picks from top Wall Street analysts, whose recommendations are based on in-depth analysis of a company’s fundamentals and growth catalysts.

Here are three stocks favored by the Street’s top professionals, according to TipRanks, a platform that ranks analysts based on their past performance.

First on this week’s list is Snowflake (SNOW), a cloud-native data platform. At the recently held Snowflake World Tour event in New York, the company highlighted its product innovation and vision to drive business transformation through data and artificial intelligence.

After attending this client conference, Jefferies analyst Brent Thill reiterated a Buy rating on SNOW stock with a price forecast of $270. Based on his conversations with customers and partners at the event, the analyst noted that the innovation and speed of Snowflake products is accelerating.

Thill emphasized that even as Snowflake’s AI offerings gain popularity, the inflection point is yet to come. For example, the top-rated analyst noted that a retailer using Snowpark ML to forecast demand and a travel agency integrating Snowflake ML models into its customer experience pipeline both estimate that broader use within their organizations will take a few more quarters.

Another important takeaway is that Snowflake’s unstructured data capabilities have grown stronger, but there are still some gaps to fill. Overall, Thill believes that even though Snowflake is gaining ground, the “AI Blizzard” is still ahead.

“SNOW remains one of our favorite data and AI stories and stands to benefit significantly as enterprise AI strategies mature and AI-driven data volumes grow exponentially in the years to come,” Thill concluded. Interestingly, TipRanks’ AI analyst has a “neutral” rating on Snowflake stock with a price target of $255.

Thill ranks 251st among more than 10,000 analysts tracked by TipRanks. Its ratings were successful 65% of the time, delivering an average return of 14.1%. See Snowflake’s ownership structure on TipRanks.

Let’s move on to the chip maker Advanced microdevices (AMD), which recently made headlines after announcing a groundbreaking partnership with OpenAI. As part of the agreement, OpenAI will deploy up to 6 gigawatts of AMD Instinct GPUs over several years, starting with a 1 gigawatt deployment in the second half of 2026. The agreement also involves a warrant for up to 160 million shares (vesting linked to certain milestones), which, if fully exercised by OpenAI, will give it an approximately 10% stake in AMD.

Following this news, Jefferies analyst Blayne Curtis upgraded AMD shares to Buy and increased the price target from $170 to $300. Additionally, TipRanks’ AI analyst has an “outperform” rating on AMD stock with a price target of $232.

Curtis believes that the deal between AMD and OpenAI has clearly changed the AI ​​narrative for the semiconductor company. Although the chipmaker still has a few steps to take, the 5-star analyst believes the partnership is a strong confirmation of AMD’s AI roadmap and evidence of strong demand for AI in general.

Interestingly, Curtis recently increased his estimates for AMD following positive server checks. The analyst said he was increasingly positive on AMD after its recent trip to Asia, with the expectation of gains of 500 basis points per year in server processors with the company’s Venice platform.

However, these recent checks haven’t helped Curtis understand anything from original device manufacturers (ODMs) in terms of AI ramps. “The announcement of OpenAI as a lead customer with $80 billion to $100 billion in revenue potential on 6 GW of compute through 2030 significantly changes this outlook,” Curtis said.

Curtis ranks 68th among more than 10,000 analysts tracked by TipRanks. Its ratings have been profitable 65% of the time, providing an average return of 27.5%. See AMD ETF exposure on TipRanks.

IT infrastructure and personal computing solutions provider Dell Technologies (DELL) announced an increase in its long-term financial targets at its October 7 analyst meeting. The improving outlook is supported by demand from the current AI wave.

Following the event, Mizuho analyst Vijay Rakesh reiterated a Buy rating on DELL stock and raised his price target from $160 to $170. Meanwhile, TipRanks AI analyst has a “neutral” rating on DELL stock with a price target of $135.

Rakesh noted management’s comments on enterprise and sovereign AI dynamics, with strong 12-18 month demand signals. The top-rated analyst noted that the company raised its compound annual revenue growth rate target for fiscal years 2026 to 2030 to a range of 7-9%, with non-GAAP EPS expected to grow by 15% or more.

Additionally, Rakesh noted that Dell’s AI server revenue estimate for fiscal 2026 of $20 billion is in line with the Street consensus of $20.6 billion and reflects more than 100% growth from the prior year’s $9.8 billion. The company expects a CAGR of 20-25% through FY 2030, implying AI server revenue of $46 billion.

However, the analyst believes that this growth outlook could be conservative, as the company is involved in all large-scale AI cluster deployments and is a leader in T2 CSP (tier 2 cloud service provider) and enterprise AI deployments with over 3,000 customers.

Rakesh ranks 81st among more than 10,000 analysts tracked by TipRanks. Its ratings were successful 65% of the time, delivering an average return of 24.3%. Check out Dell Technologies hedge fund activity on TipRanks.