These stocks have been selected by top Wall Street analysts for their strong long-term potential.

The U.S. stock market had a strong September, largely due to the Federal Reserve’s interest rate cut. However, the escalating tensions in the Middle East are a cause for concern for investors this month. Despite this, focusing on long-term growth potential and following the recommendations of top Wall Street analysts can help investors navigate the market.

Here are three stocks that are favored by the top pros on Wall Street according to TipRanks, a platform that ranks analysts based on their past performance.

CyberArk Software

First up this week is CyberArk Software (CYBR), a cybersecurity company focused on identity security. The company reported better-than-expected quarterly results and raised its full-year guidance, indicating strong demand for its products.

RBC Capital analyst Matthew Hedberg initiated coverage of CYBR stock with a buy rating and a price target of $328. He believes that the company is well-positioned to consolidate identity spending and maintain profitable growth. Hedberg expects CyberArk to continue its strong growth trajectory driven by demand for identity security and opportunities to expand in the market. He also anticipates growth beyond their core market through strategic acquisitions like Venafi, a machine identity specialist.

Overall, Hedberg is optimistic about CyberArk’s profitability and expects strong organic growth for the company backed by a significant total addressable market of $60 billion.

Uber Technologies

Next, we have Uber Technologies (UBER), a ride-sharing and food delivery platform. JPMorgan analyst Doug Anmuth reaffirmed a buy rating on UBER stock with a price target of $95 after meetings with the company’s management.

Management is confident about achieving a mid- to high-teens compound annual growth rate for gross bookings over the next three years. They are optimistic about expanding their advertising business and have shown interest in autonomous vehicles, which could add value to AV tech providers.

Meta Platforms

Lastly, Meta Platforms (META), a social media company, is our third stock pick. At the recent Meta Connect event, the company showcased its latest innovations including the Quest 3S virtual reality headset and augmented-reality smart glasses. Baird analyst Colin Sebastian reaffirmed a buy rating on Meta stock and raised the price target to $605 based on the positive outlook for the company.

Sebastian sees significant opportunities for Meta to expand core monetization with AI features and Messaging. He noted positive social media ad trends and believes that the innovations showcased at Meta Connect demonstrate the company’s progress with Reality Labs and AI technologies.

These three stocks have the potential for long-term growth and have been recommended by top Wall Street analysts. Investors looking for opportunities in the market can consider these picks as part of their investment strategy.

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