Top Wall Street analysts believe in the long-term potential of these stocks

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TipRanks’ analyst ranking service pinpoints Wall Street’s best-performing stocks, including Amazon and Meta.

Investors are confronting several headwinds, including macro uncertainty, a spike in energy prices and the unanticipated crisis in the Middle East.

Israel-Hamas war live updates: U.S. offers sea evacuation to Americans in Israel; IDF renews call for people in north Gaza to leaveSpeaking about the challenging retail backdrop, Anmuth said,"We believe AMZN's growth is supported by key company-specific initiatives including same-day/1-day delivery , greater Prime member spending, & strong 3P selection."

The analyst highlighted that Meta is investing in the significant growth prospects in two big tech waves – AI and metaverse, while continuing to remain disciplined. , which recently announced its decision to operate its Programmable Systems Business as a standalone business, with the intention of positioning it for anthinks that a standalone PSG business has several benefits, including autonomy and flexibility that would boost its growth rate.

Bolton holds the No.1 position among more than 8,500 analysts on TipRanks. His ratings have been successful 69% of the time, with each rating delivering an average return of 38.3%. . The company recently reported better-than-feared fiscal fourth-quarter results, even as revenue declined 40% year over year. The company's revenue outlook for the first quarter of fiscal 2024 exceeded expectations but its quarterly loss estimate was wider than anticipated.

The analyst expects upward revisions to gross margin estimates. Ho said,"Given that the industry is in the very early stages of a cyclical upturn driven by supply discipline across the industry, we remain confident that positive pricing trends will be a strong tailwind over the next several quarters."explained that the earnings beat was driven by below-the-line items, with higher interest income more than offsetting an increased tax rate.

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