These 3 stocks have the potential to perform well, according to top Wall Street analysts.

Currently, the stock market is facing challenges due to macroeconomic pressures, impending elections, and geopolitical tensions, which are causing investors to struggle.

If investors can ignore short-term noise and choose stocks with attractive long-term return prospects, their portfolios can hold up in the tumult.

The investment theses of top Wall Street analysts and their ratings can offer valuable insights and aid in making informed decisions.

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

Costco Wholesale

This week, the first pick is Costco, a membership-only warehouse chain. The company has recently reported its June sales and announced an increase in its membership fee. Effective September 1st, the annual fee for the "Gold Star" membership will be $65, an increase of $5 from the previous year. Additionally, the premium "Executive Membership" fee will now cost $130, up from $120.

Corey Tarlowe, a Jefferies analyst, maintained a buy rating on COST stock and increased the price target from $860 to $1,050 after Costco raised its membership fees for the first time since June 2017. Tarlowe believes that the hike will positively impact the stock and the company's earnings.

Tarlowe observed that historically, Costco has raised its membership fees every 5.5 years, on average. However, this time, the retailer increased the fee following a seven-year hiatus. He believes that the timing of the fee hike is advantageous, considering the company's robust membership health and strong June performance.

According to Tarlowe, historically, an increase in COST fees has not significantly affected membership trends, so we anticipate the impact to be minimal.

The analyst predicts that increasing the membership fee will boost sales and earnings before interest and taxes, as membership fees contribute significantly to Costco's increasing operating profit. He anticipates that this change will result in a nearly 3% increase in earnings per share over the next two years.

Among more than 8,900 analysts tracked by TipRanks, Tarlowe ranks No. 321. His ratings have been profitable 67% of the time, delivering an average return of 18.8%. (See Costco Dividends on TipRanks)

MongoDB

The database software company MDB experienced a decline in stock value in May following the announcement of weak guidance for the fiscal second quarter and a reduction in full-year outlook. MongoDB attributed the slow start to the year to both a decrease in new workload wins and a decrease in the consumption growth of its cloud-based database software offering Atlas.

Ivan Feinseth, a Tigress Financial analyst, recently decreased the price target on MDB stock from $500 to $400, while maintaining a buy rating. He believes the current sell-off presents a favorable buying opportunity.

Although the beginning of the year was slow, Feinseth remains optimistic about MongoDB, as the company's popularity among developers continues to increase. He also highlighted the growing popularity of MDB's Atlas DBaaS product.

Feinseth stated that the integration of AI into the company's offerings is expected to benefit the company.

The analyst emphasized the company's growth into various significant sectors, including healthcare, insurance, manufacturing, and automotive production. He is confident in the success of MDB's robust DBaaS platform due to its superior features and cost savings compared to conventional database solutions.

Feinseth is ranked No. 191 among over 8,900 analysts on TipRanks, with a successful rating rate of 62% and an average return of 13.6%. (See MongoDB Stock Buybacks on TipRanks)

Nvidia

This week, the third pick is the semiconductor giant (NVDA), whose demand for advanced graphics processing units has increased significantly due to the generative artificial intelligence wave. Despite its impressive year-to-date rally, Goldman Sachs analyst Toshiya Hari believes that the stock has more room to run.

After meeting with Nvidia's CFO Colette Kress, Hari reaffirmed his buy rating on the stock with a price target of $135. The analyst stated that the meeting strengthened his conviction in the sustainability of the ongoing Gen AI spending cycle. Additionally, the meeting provided assurance to the analyst about NVDA's ability to maintain its market dominance through continuous innovation in compute, networking, and software.

The analyst stated that the CFO believes Nvidia's key suppliers are better prepared for the launch of the Blackwell AI graphics processor compared to previous generational transitions. Hari anticipates significant revenue growth from the Blackwell platform in Q4 FY25 and Q1 FY26, but expects limited contribution in Q3 FY25.

Despite increasing competition, Nvidia is expected to retain its dominant position due to several factors, including a substantial installed base and improved access to supply. Additionally, Nvidia's advantage in developing advanced AI GPUs is further enhanced by the rapid pace at which large enterprises and cloud service providers are deploying generative AI models.

Among more than 8,900 analysts tracked by TipRanks, Hari ranks No. 30. His ratings have been profitable 69% of the time, delivering an average return of 30.2%. (See Nvidia Options Activity on TipRanks)