These 3 stocks present appealing opportunities, according to top Wall Street analysts.

Recent data suggests that the economy may be softening, but the S&P 500 surges to new highs, leaving investors with a host of mixed signals.

In this complex market, investors may rely on research from top-rated Wall Street analysts to find stocks with robust balance sheets and promising growth prospects.

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

Micron Technology

This week's first pick is chipmaker (MU), which recently reported beats on the top and bottom lines for the fiscal third quarter due to the demand induced by the ongoing artificial intelligence (AI) wave. Management is confident about the future and expects to generate record revenue in fiscal 2025, backed by artificial intelligence-driven opportunities.

Goldman Sachs analyst Toshiya Hari maintained a buy rating on MU stock and raised his price target from $138 to $158. The analyst views the post-earnings decline in the stock as a favorable chance for investors to accumulate a position. He anticipates AI-driven demand and strict supply management to drive superior-than-forecasted earnings growth in 2025.

The analyst emphasized several factors that support his optimistic investment outlook, such as the company's expanding presence in the profitable high-bandwidth memory market and the growth of AI computing in Micron's data center and edge computing businesses.

Micron's free cash flow rebounded to $425 million in the fiscal third quarter, marking a positive shift from several quarters of negative FCF. Despite the anticipated increase in capex in FY2025, the company remains committed to achieving positive cash flow in FY4Q and beyond.

Among more than 8,900 analysts tracked by TipRanks, Hari ranks No. 25. His ratings have been profitable 69% of the time, delivering an average return of 29.2%. (See Micron Technical Analysis on TipRanks)

Amazon

Recently, Evercore ISI analyst Mark Mahaney reaffirmed a buy rating on Amazon stock with a price target of $225 after his firm's 12th Annual U.S. Online Retail survey, which involved 1,100 respondents.

According to Mahaney, Amazon remains the market leader in the U.S. online retail space, with its dominance reflected in three key shopping metrics. However, he warned that the survey showed a mixed competitive landscape for Amazon Retail, particularly with Walmart (WMT) showing significant improvement in the selection and convenience metrics.

According to Mahaney, Amazon is three to four times ahead of its closest competitor in all three key metrics. Additionally, the company's satisfaction score increased by 2% year-over-year to 84%, representing a significant improvement from the 65% bottom seen in 2020. Mahaney believes that the increased satisfaction score is a result of Amazon's continued focus on improving speed and selection, particularly through its regionalization initiatives.

The survey respondents found the Amazon Prime membership more attractive due to its record high penetration of 81%, as well as its attractive features such as Prime Video, Free Same Day Delivery, Prime Music, and Grocery.

Amazon continues to be Evercore's top pick for large-cap investments, as survey results support the company's long-term investment thesis. Specifically, the survey results align with Evercore's views on three key catalysts for 2024: a significant increase in the growth of Amazon Web Services, rising operating margins for the North American Retail business, and strong free cash flow margins.

Among more than 8,900 analysts tracked by TipRanks, Mahaney ranks No. 20. His ratings have been successful 63% of the time, delivering an average return of 32.2%. (See Amazon Hedge Funds Trading Activity on TipRanks)

Twilio

This week, the third pick is a cloud communications platform (TWLO). Despite reporting better-than-expected results for the first quarter of 2024, with active customer accounts growing to more than 313,000 as of March 31, from 300,000 at the end of the prior-year quarter, shares declined following the results as the Q2 guidance missed estimates and reflected the impact of weak customer spending.

Ivan Feinseth, a Tigress Financial analyst, has recently started covering TWLO stock with a buy rating and a price target of $75. Feinseth believes that the sell-off in the stock presents a great buying opportunity, as he is confident that "TWLO is well-positioned to benefit from the ongoing acceleration of AI-driven digital customer engagement."

The analyst anticipates that Twilio will benefit from the growing demand for AI-powered automated responses that streamline and reduce the cost of customer interactions. He predicts that the company's ongoing investment in R&D and the incorporation of predictive and generative AI into its offerings will drive customer adoption.

Twilio's "call center as a service" platform, which is known for its cutting-edge technology and industry-leading position in the communications market, is expected to drive higher margins and boost profitability due to the company's cost-saving efforts and efficiency measures.

Feinseth is ranked No. 195 among over 8,900 analysts on TipRanks, with a profitable rating 61% of the time and an average return of 13.1%. (Check out Twilio Stock Charts on TipRanks)