Despite market turmoil, Wall Street's top analysts favor these stocks for the long haul.

The beginning of 2022 was marked by uncertainty for investors due to several factors, including the Federal Reserve's decision to tighten monetary policy, increasing inflation, and the tension between Russia and Ukraine.

The market was negatively impacted by these factors, causing the major indexes to end the previous week in the red.

Navigating the challenges of finding long-term stock picks in this new age can be difficult; TipRanks, a financial data aggregation website, provides investors with the necessary insights to make informed decisions.

Some of Wall Street's top analysts favor these five stocks for long-term investment.

ON Semiconductor

The performance and execution of semiconductor stocks are being demonstrated during this earnings season. ON Semiconductor (ON) reported strong quarterly results and increased its guidance, but analysts were particularly impressed by its expanding gross margins. (Check out ON Semiconductor Earnings Data on TipRanks)

Christopher Rolland of Susquehanna is among the optimistic voices, stating that ON is one of their highest conviction names due to their constructive setup and self-help story. The semiconductor manufacturer's segments were boosted by strong action in the automotive and industrial end markets.

Rolland upgraded the stock to a Buy and increased his price target from $65 to $75.

The analyst stated that ON's management anticipates the SiC business to double in the upcoming years, as SiC is a cutting-edge compound that is believed to be the future of chip technology.

Rolland stated that ON's outlook will depend on its ability to maintain efficient manufacturing in high growth markets as it shifts from a commodity power management provider to a value-add supplier.

The company has been selling off non-essential assets in an effort to cut operating expenses, including the sale of its Belgian plant.

In TipRanks' database, with over 7,000 analysts, Rolland ranks fourth. He has a success rate of 84% when selecting stocks and an average return of 51.6% on them.

Snap

Social media platforms rely heavily on advertising revenues. Following Apple's privacy updates, investors have expressed concerns about the impact on companies such as Snap (SNAP). Since its October 2021 earnings, the stock has declined, and it plummeted after Meta Platforms released disappointing results. Nevertheless, Snap rebounded the next day, reporting strong revenues and high engagement.

According to Brian Fitzgerald of Wells Fargo, SNAP's revenues increased by 42% year-over-year, and its daily active users grew by 20% during the same period. Despite the challenging comparisons with the previous year, these figures are still noteworthy. (Check out the Snap Risk Analysis on TipRanks)

Fitzgerald downgraded his stock rating from Buy to Neutral, and reduced his price target from $75 to $60.

The analyst emphasized the resurgence of SNAP's core advertising business, while also observing high levels of engagement in Snapchat's discovery page, games, and spotlight features.

SNAP's spotlight feature is a popular alternative to TikTok, especially in India where the latter has been banned.

According to Fitzgerald, the historically discounted stock of Snap has high potential for upside, as he hypothesizes that the company remains well positioned to compete for user attention.

Over 7,000 financial analysts have been ranked, and Fitzgerald is at No. 104. He has been correct on 59% of his ratings, resulting in an average return of 42.4% on each.

Riot Blockchain

Bitcoin, like other speculative assets, has experienced volatility in recent weeks, with a significant drop in value in mid-January affecting miner stocks, including RIOT.

Riot has been working to increase its hash rate and block rewards throughout the quarter. (See Riot Blockchain Stock Charts on TipRanks)

Darren Aftahi of Roth Capital Partners stated that RIOT's expansion plans include not only new mining equipment but also transformers and facilities. The company's heavy investments aim to increase bitcoin output and, consequently, revenues.

Aftahi gave the stock a Buy rating and set a price target of $46.

RIOT has faced challenges in expanding its network, including shipping delays and installation difficulties, but is now anticipating the addition of 8,000 new machines and high-voltage transformers for its Whinstone facility in Texas this month.

This move will essentially double the facility’s power capacities.

Aftahi ranks No. 212 on TipRanks, with a success rate of 40% and an average return per rating of 43.1%.

Spotify

Despite the ongoing controversy surrounding Joe Rogan and artist boycott, Spotify Technology (SPOT) reported quarterly earnings beats. Analyst Brian White of Monness, Crespi, Hardt & Co has a positive outlook on the streaming giant.

Spotify has experienced a strong acceleration in its podcast segment and advertising revenue, thanks to its heavy investment in this initiative. Despite over a week of uncomfortable media coverage, Spotify has decided to stick with its controversial podcast host, although White remains uncertain about the future of controversies surrounding Rogan. (Check out Spotify's Website Traffic on TipRanks)

Despite the current market conditions, White maintains a positive outlook on the stock and has assigned it a Buy rating with a price target of $240.

The analyst observed that Spotify has experienced 24% revenue growth year-over-year due to its ability to capitalize on a favorable secular trend, enhance its capabilities, tap into a vast digital ad market, and expand its audio offerings.

SPOT has experienced a significant decline in value, falling over 30% in 2022. This drop may present a potential opportunity for investors to purchase the shares at a lower price.

White, with a success rate of 68% and an average return of 32%, ranks 136th out of more than 7,000 stock analysts.

Lyft

As states begin lifting restrictions for the omicron variant, Lyft's quarterly revenues surpassed Wall Street consensus estimates. (Check out Lyft Insider Trading Activity on TipRanks)

Following the earnings release, Dan Ives of Wedbush published a report stating that LYFT has already started to experience a rebound in demand and strong driver supply after slight pandemic-related impacts. He believes that the challenges posed by omicron have peaked and that the company is now positioned for growth, with the tough quarter now over.

Ives gave the stock a Buy rating and set a price target of $50 per share.

Lyft's analyst was excited about the company's performance, as it achieved its first positive EBITDA fiscal year due to strong margin leverage resulting from cost improvements.

LYFT has been expanding its business beyond its core ride-hailing services, with investments in vertical mobility and partnerships with Delta Air Lines for travel initiatives. Ives highlighted the importance of creating a "sticky network" of products for Lyft users, such as its involvement with bikes, scooters, auto rentals, and Lyft Maps. These integrations make it harder for consumers to switch to other platforms.

Ives is ranked No. 178 on TipRanks, with a correct rating accuracy of 61% and an average return of 33.3% per rating.