These 3 stocks have a bright future, according to top Wall Street analysts.

The earnings results of tech giants and other large companies are affecting the stock market.

A single quarter's performance should not be used to form a long-term investment thesis.

While Wall Street analysts closely monitor a company's quarterly results, their recommendations are based on its ability to handle short-term challenges and generate long-term profits through effective management.

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

Fiserv

This week's initial stock selection is a financial services technology company (FI). The company recently pleased investors with its positive third-quarter results, with adjusted earnings per share increasing 17% year-over-year on organic revenue growth of 15%.

On Oct. 29, Ivan Feinseth, a Tigress Financial analyst, increased his price target for FI stock from $190 to $244 and maintained a buy rating. Feinseth anticipates that the company will continue to benefit from the shift to digital payments and the increasing use of digital transaction solutions.

Fiserv's Q3 revenue growth was strong, driven by its integrated financial services solutions and strong customer relationships. The company is expanding its customer base and capturing market share due to the scalability of its financial product distribution platform and ongoing innovation.

Fiserv's analyst emphasized its strategic initiatives, including expanding its Clover portfolio, offering services to enterprise merchants, extending real-time payments, expanding into new verticals and markets, and partnering with major clients.

Among more than 9,100 analysts tracked by TipRanks, Feinseth ranks No. 183. His ratings have been profitable 62% of the time, delivering an average return of 13.8%. (See Fiserv Financials on TipRanks)

Boot Barn

Boot Barn, a retailer of western and work-related footwear, apparel, and accessories, reported better-than-expected results for the second quarter of fiscal 2025 and raised its full-year guidance.

BOOT stock dropped after investors reacted negatively to the company's announcement that CEO Jim Conroy would leave in November to become CEO of an off-price retailer.

Jonathan Komp, a Baird analyst, upgraded his rating for Boot Barn stock from hold to buy, while keeping the price target at $167. Komp believes that the post-earnings decline in the stock presents a more attractive risk/reward opportunity. Despite the CEO's departure, Komp is impressed by the strength of the remaining management team and is surprised by the market's reaction to it.

Boot Barn is expected to maintain more than 15% annual growth in its store count for the third consecutive year in fiscal 2025, with plans to open 60 new stores. Additionally, the company's comparable store sales have shown strong momentum across all regions and categories.

Komp stated that we are still confident in BOOT's ability to generate attractive relative earnings growth due to its compelling unit expansion opportunities.

Among more than 9,100 analysts tracked by TipRanks, Komp ranks No. 424. His ratings have been profitable 54% of the time, delivering an average return of 13.5%. (See Boot Barn Stock Charts on TipRanks)

Chipotle Mexican Grill

Despite a 3.3% increase in traffic, restaurant chain CMG reported lower-than-expected sales in the third quarter, despite better-than-anticipated adjusted earnings.

Despite the mixed results, Stifel analyst Chris O'Cull maintained a buy rating on CMG stock with a price target of $70. The analyst pointed out that Chipotle's comparable restaurant sales growth of 6% was almost in line with the Wall Street's mean estimate of 6.2%. He also noted that the company experienced accelerated transaction growth in September and into the fourth quarter, indicating a Q4 comps estimate of about 5.5%.

O'Cull stated that the Q4 comps expectations suggest full-year comps in the 7.5% range. He added that Chipotle's Q4 top line is expected to increase due to the company's smoked brisket offering, which has led to incremental transactions and spending by existing customers and helped attract new customers.

The analyst emphasized Chipotle's focus on increasing its throughput, which measures how quickly a restaurant can process an order. He pointed out that the company aims to bring its throughput back to the mid-30s range (serving over 30 entrées per 15 minutes) from the mid-20s today. The analyst believes that Chipotle can improve its throughput due to its various initiatives, such as equipment upgrades, improved operational procedures, and transformational technology.

Among more than 9,100 analysts tracked by TipRanks, O'Cull ranks No. 415. His ratings have been successful 59% of the time, delivering an average return of 12.6%. (See CMG Options Activity on TipRanks)