Tensions in the Middle East stemming from the U.S.-Iran conflict, alongside rising oil prices, have continued to influence the stock market this week. Investors who adopt a long-term approach are encouraged to look past immediate obstacles and take advantage of current market volatility to identify stocks with appealing valuations.
Following top analysts on Wall Street can provide investors with valuable insights, as these professionals assign ratings based on comprehensive analyses of a company’s fundamentals, as well as macroeconomic and microeconomic factors affecting its performance.
Below are three stocks that have garnered favor from prominent Wall Street analysts, as highlighted by TipRanks, a platform that evaluates analysts based on their historical performance.
Amazon
This week kicks off with e-commerce and cloud giant Amazon (AMZN). J.P. Morgan analyst Doug Anmuth has recently maintained a buy rating on AMZN, upping his price target from $265 to $280, citing it as a “best idea.” The analyst revised his forecasts to account for robust demand and expansion in Amazon Web Services (AWS) but noted that forex changes, rising fuel costs, international growth efforts, and extra expenses from the accelerated launch of Amazon Leo negatively affected estimates.
Anmuth projects AWS growth at 29%, 30%, 29%, and 28% for the first four quarters of 2026, followed by 26% growth in 2027. He credits this optimism to traditional workloads shifting to the cloud and increased AI adoption, mentioning that AWS recently expanded its partnership with OpenAI to a massive $138 billion deal spanning eight years. Anmuth anticipates a $100 billion jump in AWS backlog quarter-over-quarter in Q1 2026.
SanDisk
Next, we look at flash memory producer SanDisk (SNDK), which is benefiting from a surge in AI-driven demand for its offerings. After discussions with CFO Luis Visoso and other executives, Bank of America analyst Wamsi Mohan reaffirmed a buy rating on SNDK with a price target of $900, citing a “secular opportunity as AI inference makes NAND more essential.”
Mohan expressed heightened confidence in the longevity of NAND demand, fueled by substantial requirements from hyperscalers and AI needs. He highlighted that SanDisk is eager to forge long-term supply agreements under a new business model to mitigate cyclicality in demand.
Nebius
Finally, cloud computing player Nebius (NBIS) is also reaping rewards from strong demand for AI infrastructure. The company has recently secured a $27 billion five-year AI infrastructure partnership with social media giant Meta Platforms (META). D.A. Davidson analyst Alexander Platt reiterated a buy rating on Nebius, boosting the price target to $200 from $150.
Platt noted that this agreement complements a $3 billion deal announced last year and consists of two parts: a $12 billion compute contract where Nebius will deliver systems to Meta in 2027 and an option for another $15 billion of compute capacity. Platt highlighted Nebius’ backlog now includes a contract with Microsoft valued at up to $19.4 billion and Meta’s capacity agreements totaling nearly $30 billion.
