Global stock markets have been under pressure as geopolitical tensions have resurfaced in the Middle East. Moreover, investors remain concerned about the sustainability of AI-driven demand and infrastructure spending.
Nonetheless, those looking for attractive stock picks amid the ongoing volatility can gain key insights by tracking the recommendations of top Wall Street analysts. These experts assign ratings after in-depth analysis of a company’s fundamentals, growth opportunities, and risks.
Here are three stocks favored by some of Wall Street’s top pros, according to TipRanks, a platform that ranks analysts based on their past performance.
Amazon
E-commerce and cloud computing giant Amazon (AMZN) is this week’s first pick. Heading into the company’s second-quarter earnings, TD Cowen analyst John Blackledge reiterated a buy rating on AMZN stock, citing strength in the Amazon Web Services cloud unit as well as the e-commerce and advertising businesses. The analyst lowered his price target on AMZN stock to $340 from $350 as he revised his estimates and slightly raised his capex projections.
Specifically, Blackledge expects Amazon to report revenue of $200.1 billion, 2% above the Street’s consensus, driven by acceleration in AWS and advertising revenue. He also expects the company’s e-commerce business to reflect the shifting of Prime Day in the U.S. and other key markets to the second quarter this year, compared with third quarter of last year.
In particular, Blackledge expects AWS revenue to grow 35.5% year-over-year in Q2 2026, marking an acceleration from 28.4% in the prior-year quarter and 3.4% above the Street’s expectations. The 5-star analyst expects revenue to be driven by rising generative AI workloads as the company’s significant AI infrastructure spending helps to ease supply constraints.
Regarding third-quarter outlook, Blackledge said, “Our rev and Op Income estimates are 0.3% and 3.2% above consensus, driven by further AWS revenue growth acceleration led by AI demand.”
Blackledge ranks No. 771 among more than 12,300 analysts tracked by TipRanks. His ratings have been profitable 55% of the time, delivering an average return of 11.2%. See Amazon Ownership Structure on TipRanks.
Marvell Technology
Moving on to semiconductor company Marvell Technology (MRVL). Following several meetings with management, RBC Capital analyst Srini Pajjuri reiterated a buy rating on MRVL stock with a price target of $360.
“Overall, the meetings reinforced our conviction that MRVL can sustain 40%+ growth for the next 3 years, driven by strong AI demand, optical connectivity leadership, and expanding Custom pipeline,” said Pajjuri.
The 5-star analyst added that robust demand and limited supply are giving greater revenue visibility. Pajjuri noted that Marvell’s data center business is on track to deliver more than 50% growth this year and next. Also, the growth in the company’s networking business is outpacing compute, driven by agentic AI and inferencing workloads.
Meanwhile, Pajjuri noted that optical product lead times have extended to more than six months, while XPU customers are placing purchase orders 12 months in advance. While the analyst kept his estimates unchanged, he sees the possibility of upside for the second half of 2026 from the Optical business, with more significant upside potential for 2027 and 2028 estimates.
Furthermore, Pajjuri noted that Marvell’s scale-across offering is emerging as an additional growth catalyst for 2027, while scale-up networking is expected to present a multibillion-dollar greenfield serviceable addressable market. Also, management is upbeat about Marvell’s custom business, with the company targeting more than $10 billion in revenue for 2028, driven by existing programs with Amazon’s AWS and Microsoft and multiple XPU attach wins.
Pajjuri ranks No. 88 among more than 12,300 analysts tracked by TipRanks. His ratings have been successful 75% of the time, delivering an average return of 51.5%. See Marvell Options Activity on TipRanks.
Advanced Micro Devices
Chipmaker Advanced Micro Devices (AMD) is scheduled to announce its second-quarter earnings on Aug. 4. Shares have seen a strong jump year-to-date due to demand for the company’s AI GPUs and server CPUs.
Ahead of second-quarter earnings, Wells Fargo analyst Aaron Rakers reaffirmed a buy rating on AMD stock and raised his price target to $615 from $505, citing “increasing focus on path to +$20/sh. EPS in CY28.” The analyst expects AMD to reiterate its confidence in the MI450 series and Helios ramp beginning in the third quarter of 2026.
The 5-star analyst increased his estimates for AMD server CPU revenue to $16.0 billion (up 68% year-over-year), $20.5 billion (up 28%), and $25.0 billion (up 22%) for 2026, 2027, 2028, respectively. Rakers noted that in the previous quarter, AMD increased its server CPU total addressable market estimates to $120 billion by 2030, representing a more than 35% compound annual growth rate.
Rakers expects AMD to comment on an additional rise in server CPU demand since its first-quarter results. He sees upside driven by agentic AI demand momentum, cloud demand, and traditional enterprise modernization. In this regard, the analyst highlighted that Micron increased its 2026 server shipment guidance recently. Also, checks indicate continued upside to the average selling price.
Meanwhile, Rakers’ data center GPU estimates remain above consensus at $15.6 billion, $40.6 billion, and $63.0 billion for 2026, 2027, and 2028, respectively, while estimates for the client and gaming businesses are below the Street’s consensus. Overall, the analyst projects EPS of $7.15, $13.40, and $18.75 for 2026, 2027, and 2028, respectively.
Rakers ranks No. 5 among more than 12,300 analysts tracked by TipRanks. His ratings have been successful 73% of the time, delivering an average return of 56.8%. See AMD Insider Trading Activity on TipRanks.
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