The ongoing earnings season, Middle East tensions and buzz ahead of the U.S. midterm elections have been keeping investors busy. Further, worries about elevated artificial intelligence spending are weighing on investor sentiment.
Investors looking beyond the short-term noise and focusing on long-term returns can track top Wall Street analysts to pick the right stocks, backed by strong research.
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.
Datadog
This week’s first stock pick is Datadog, an AI-powered observability and security platform. The company will announce its results for the third quarter on Nov. 4. Datadog is seeing strong demand for its offerings, thanks to cloud migration and rapid AI adoption. TipRanks’ KPIs tool for DDOG shows the growth in its customer base over the past few years amid increasing market penetration and growing adoption of its products.
Heading into Q3 FY26 earnings, Bank of America analyst Koji Ikeda reiterated a buy rating on Datadog stock and raised his price target to $335 from $305. The analyst noted that industry checks and data indicate that infrastructure software demand is strengthening, with AI increasingly driving usage and growth.
Ikeda called Datadog and Atlassian his top picks, saying that companies that can show that AI is a tailwind to growth could see their valuation rerate, even at premium multiples. He added that the total addressable market for observability is growing faster than anticipated, driven by accelerated growth of enterprise AI and the rapid ramp of consumer AI agents.
The five-star analyst believes that focus will be on revenue growth, which he estimates to be 28.7% for Q3 FY26 versus the Street’s consensus of 29.1%. Ikeda thinks that the market is underestimating the growth prospects of DDOG‘s security products. Meanwhile, he cautioned investors about concentration risk related to large customers.
“We think results will be supportive of our long-term thesis that Datadog is a strong share gainer in the rapidly expanding observability opportunity,” said Ikeda.
Ikeda ranks No. 673 among more than 12,500 analysts tracked by TipRanks. His ratings have been successful 55% of the time, delivering an average return of 10.9%. See Datadog Statistics on TipRanks.
Nvidia
The next pick, semiconductor giant Nvidia, is also benefiting from AI-driven demand for its products. After attending Nvidia’s GTC Berlin conference, Morgan Stanley analyst Joseph Moore reaffirmed a buy rating on NVDA stock with a price target of $300, calling it a top pick in the semiconductor space.
The five-star analyst said that the conference supported his thesis that Nvidia continues to effectively navigate bottlenecks in the supply chain, land/power/shell, and funding. In fact, Moore is “convinced that all 3 aspects are opportunities for NVDA.”
While Nvidia’s GTC Berlin offered no major updates, Moore noted the conference reflected that the company continues to add to its significant advantages heading into 2027. The analyst said that Vera Rubin is gaining momentum, though details on next year’s Rubin Ultra were lighter than expected.
With demand outpacing supply, Moore said that focus is on closing the gap. In this regard, he highlighted the supply chain deals on substrate, packaging and testing. While the analyst continues to view TSMC 3 nm wafer supply as the biggest challenge, he expects it to ease over time.
Moore ranks No. 142 among more than 12,500 analysts tracked by TipRanks. His ratings have been profitable 59% of the time, delivering an average return of 23.4%. See Nvidia Ownership Structure on TipRanks.
SpaceX
Aerospace company SpaceX recently announced solid third-quarter results, with its AI revenue surging to $7.56 billion from $813 million in the prior-year quarter.
Impressed by the results, Needham analyst Ryan Koontz reiterated a buy rating on SPCX stock with a price target of $250. Koontz highlighted that SpaceX’s Q3 results significantly exceeded expectations, proving that the company’s vertically integrated business model is driving massive scale.
Specifically, the five-star analyst noted the 161% year-over-year jump in SpaceX’s Q3 2026 revenue, with the Connectivity segment’s revenue rising 69.5%. Koontz added that the Connectivity segment generated solid operating income of $2.37 billion, as subscribers increased to 13.6 million.
Furthermore, Koontz emphasized the 195.2% sequential growth in SpaceX’s AI revenue, fueled by wholesale spot compute deals. He noted management’s increasing focus on its AI strategy, given that it is optimistic about adding 10 gigawatts of incremental capacity during 2027.
“With increasing confidence on Starship re-use, we meaningfully increase our estimates,” said Koontz.
Koontz ranks No. 357 among more than 12,500 analysts tracked by TipRanks. His ratings have been profitable 42% of the time, delivering an average return of 23.7%. See SpaceX Technical Analysis on TipRanks.
