These 3 stocks are recommended by top Wall Street analysts for long-term investment.

Despite the major averages reaching new heights, there are still promising stocks with strong growth potential to be found.

Top analysts provide insights and recommendations after thorough research, which investors can use to focus on the long-term prospects of stocks with solid growth potential.

According to TipRanks, which ranks analysts based on their past performance, the Street's top analysts favor these three stocks.

Nvidia

This week's first pick is chip giant (NVDA), which has impressed investors with its blockbuster quarterly results and better-than-expected revenue guidance due to the high demand for its products resulting from the artificial intelligence craze.

Goldman Sachs analyst Toshiya Hari maintained a buy rating on NVDA stock and increased the price target from $800 to $875 after the company's stellar results for the fourth quarter of fiscal 2024. According to Hari, Nvidia's Data Center segment was the primary growth driver, enabling the company to surpass expectations.

Nvidia is expected to benefit from strong demand and new product launches, including the H200 GPU, ethernet-based AI networking solution Spectrum-X, and the next-generation Data Center GPU platform B100, according to Hari's analysis.

The analyst predicts that Nvidia's data center revenue will increase by more than two times in fiscal 2025, despite the segment experiencing a three-times increase in revenue in fiscal 2024. His optimism is supported by the continued growth in spending on generative AI infrastructure by major cloud service providers and internet companies, as well as the increased adoption of AI by enterprise customers and sovereign states.

Hari is ranked No. 61 among over 8,700 analysts on TipRanks, with a successful rating rate of 68% and an average return of 24.3% for each rating. (Check out Nvidia's Stock Charts on TipRanks)

Abercrombie & Fitch

The clothing retailer, ANF, updated its forecast for the fiscal fourth-quarter and full-year net sales, as well as its operating margin guidance, earlier this year. The revised outlook was driven by net sales growth across regions in the holiday sales quarter, particularly in the Americas.

Jefferies analyst Corey Tarlowe raised his price target for ANF stock from $120 to $149 and maintained a buy rating ahead of the company's Q4 results on March 6. Tarlowe noted that the company's women's business is expected to deliver its strongest-ever Q4 performance, which was previously stated in January.

Abercrombie & Fitch has gained market share both domestically and worldwide, according to Tarlowe. In the U.S., the brand moved up four spots to the 20th position for apparel, while demand for its jeans and outerwear categories helped it climb two spots to the 55th position worldwide in 2023.

While the Hollister brand faced pressure last year, it has recently experienced growth and is expected to gain market share in the near future, according to Tarlowe.

Tarlowe stated that ANF is expected to provide strong yet beatable guidance, which could positively impact the stock. The analyst anticipates further growth in ANF's market share, sales, and earnings.

Tarlowe ranks 473rd among over 8,700 analysts on TipRanks, with a successful rating rate of 68% and an average return of 15.5% per rating. (Check ANF's Financial Statements on TipRanks)

Walmart

This week's third stock pick is big-box retailer (WMT), which had a better-than-expected fourth-quarter performance. The strong results were due to the company's upbeat holiday season sales and its e-commerce channel's strength.

Kate McShane, a Goldman Sachs analyst, maintained a buy rating on WMT stock and increased the price target from $180 to $193.

In the fourth quarter, Walmart's operating income growth increased due to the company's diverse revenue streams, such as advertising, marketplace, and fulfillment services. Additionally, lower fulfillment expenses contributed to the increase in operating income.

Walmart anticipates that its international business will support its top-line growth, with continued strength in India, Walmex, and China driving about 75% of its international growth in the next few years, as McShane highlighted.

McShane stated that we observe top-line support due to market share gains, store investments (remodels and new stores/clubs), and the expansion of alternative revenue streams.

The analyst is optimistic about Walmart's future earnings growth and believes the retailer will maintain its market share due to its competitive pricing and convenience. Additionally, the analyst predicts that Walmart will enhance its profitability through the expansion of higher-margin businesses and productivity improvements.

Among more than 8,700 analysts tracked by TipRanks, McShane ranks 884th. Her ratings have been successful 62% of the time, with each generating an average return of 5.2%. (See Walmart Stock Buybacks on TipRanks)