The Snowflake Inc logo, the American cloud computing-based data company that offers cloud-based storage and analytics services, is on their pavilion during the Mobile World Congress 2025 in Barcelona, Spain, on March 5, 2025.
Joan Cros | Nurphoto | Getty Images
Investors are looking beyond the prolonged U.S. government shutdown and remain optimistic about growth drivers like the artificial intelligence boom and expectations of further interest rate cuts.
Ignoring the short-term noise, those looking for attractive investment opportunities can consider the stock picks of top Wall Street analysts, whose recommendations are based on a thorough analysis of a company’s fundamentals and growth catalysts.
Here are three stocks favored by the Street’s top pros, according to TipRanks, a platform that ranks analysts based on their past performance.
Snowflake
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 City, the company highlighted its product innovation and the vision for driving business transformation through data and artificial intelligence.
After attending this customer 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 Snowflake’s product innovation and velocity are accelerating.
Thill highlighted that while traction for Snowflake’s AI offerings is building, the inflection point is still ahead. For instance, the top-rated analyst noted that a retailer using Snowpark ML for demand forecasting, and a travel company integrating Snowflake ML models into its customer experience pipeline, both believe that broader usage across their organizations will take a few more quarters.
Another key takeaway was that Snowflake’s unstructured data capabilities have strengthened, but there are still some gaps to address. Overall, Thill believes that while traction is building for Snowflake, the “AI Blizzard” still lies ahead.
“SNOW remains one of our favorite data & AI stories and stands to benefit meaningfully as enterprise AI strategies mature and AI driven data volumes grow exponentially in the coming years,” concluded Thill. Interestingly, TipRanks’ AI Analyst has a “neutral” rating on Snowflake stock with a price target of $255.
Thill ranks No. 251 among more than 10,000 analysts tracked by TipRanks. His ratings have been successful 65% of the time, delivering an average return of 14.1%. See Snowflake Ownership Structure on TipRanks.
Advanced Micro Devices
Moving on to chipmaker Advanced Micro Devices (AMD), which recently made headlines after announcing a game-changing partnership with OpenAI. Under this deal, OpenAI will deploy up to 6 gigawatts of AMD Instinct GPUs over multiple years, starting with a 1-gigawatt rollout in the second half of 2026. The agreement also involves a warrant for up to 160 million shares (vesting tied to certain milestones), which, if fully exercised by OpenAI, will give it about a 10% stake in AMD.
Following the news, Jefferies analyst Blayne Curtis upgraded AMD stock to buy from hold and boosted the price target to $300 from $170. Additionally, TipRanks’ AI Analyst has an “outperform” rating on AMD stock with a price target of $232.
Curtis believes that AMD’s deal with OpenAI clearly changed the AI narrative for the semiconductor company. While the chipmaker will still have to achieve some milestones, the 5-star analyst believes that this partnership is a solid confirmation of AMD’s AI roadmap and a proof of robust AI demand in general.
Interestingly, Curtis recently raised his estimates for AMD following positive server checks. The analyst stated he was incrementally positive on AMD after his recent Asia trip, with the expectation of 500 basis points per year share gains in server CPUs with the company’s Venice platform.
However, these recent checks hadn’t helped Curtis grasp anything from the original device manufacturers (ODMs) in terms of AI ramps. “The announcement of OpenAI as a lead customer with the potential for $80-100B in revenue across 6GW of compute through 2030 materially changes that outlook,” said Curtis.
Curtis ranks No. 68 among more than 10,000 analysts tracked by TipRanks. His ratings have been profitable 65% of the time, delivering an average return of 27.5%. See AMD ETF Exposure on TipRanks.
Dell Technologies
IT infrastructure and personal computing solutions provider Dell Technologies (DELL) announced an increase in its long-term financial targets during its analyst meeting on Oct. 7. The improved outlook is backed by demand from the ongoing AI wave.
Following the event, Mizuho analyst Vijay Rakesh reiterated a buy rating on DELL stock and raised his price target to $170 from $160. Meanwhile, TipRanks’ AI Analyst has a “neutral” rating on DELL stock with a price target of $135.
Rakesh noted management’s commentary about momentum in enterprise and sovereign AI, with strong demand signals over 12-18 months. The top-rated analyst highlighted that the company raised its compound annual growth rate target for revenue for fiscal 2026 to 2030 to the range of 7% to 9%, with non-GAAP EPS expected to rise by 15% or more.
Furthermore, Rakesh noted that Dell’s fiscal 2026 AI server revenue estimate of $20 billion is in line with the Street’s consensus of $20.6 billion and reflects over 100% growth from $9.8 billion in the previous year. The company expects a 20% to 25% CAGR through Fiscal 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 at-scale AI cluster deployments and leads in T2 CSP (tier 2 cloud service providers) and enterprise AI deployments with more than 3,000 customers.
Rakesh ranks No. 81 among more than 10,000 analysts tracked by TipRanks. His ratings have been successful 65% of the time, delivering an average return of 24.3%. See Dell Technologies Hedge Fund Activity on TipRanks.
