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.
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.