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Top Wall Street analysts like these stocks for their growth prospects

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

Optimism around artificial intelligence has helped lift the S&P 500 in 2024, boosting key chip stocks and power plays in the utilities space.To this end, top Wall Street analysts, with their expertise, can help investors understand the key drivers that could support a company's long-term growth and pick stocks that are likely to deliver lucrative returns.). The company aims to become a leader in the secure access service edge space.

Eyal also noted that one of the key drivers supporting Fortinet's ongoing recovery is the solid traction in the company's operational technology products, backed by a long-term replacement cycle that will replace legacy OT systems.

In particular, management expects the momentum for GitLab's Duo Pro product to pick up in 2025, fueled by the generative AI wave. The analyst also highlighted the company's optimism about the GitLab Dedicated offering, which is witnessing better-than-anticipated customer interest and driving higher average revenue per unit.

Moskowitz ranks No. 321 among more than 9,100 analysts tracked by TipRanks. His ratings have been profitable 58% of the time, delivering an average return of 12.6%. . The company has been seeing stellar revenue growth rates, driven by robust demand for its advanced GPUs in building artificial intelligence models and applications.

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