These five stocks continue to be viewed favorably by top Wall Street analysts.

During the earnings season, companies are revealing how they are managing various macroeconomic challenges.

Investors can benefit from analysts' ability to analyze quarterly reports and identify companies that can withstand short-term difficulties and provide long-term returns.

According to TipRanks, Wall Street's top analysts have favored these five stocks.

Netflix

NFLX recently reported a third-quarter earnings per share beat, thanks to its efforts to combat password sharing and attract more subscribers.

Mark Mahaney, an Evercore analyst, highlighted several positive aspects of the company's third-quarter print, including 8.76 million subscriber additions, stronger-than-anticipated Q4 2023 subscriber addition guidance, and share buybacks of $2.5 billion. Additionally, he noted an increase in the 2023 free cash flow outlook to about $6.5 billion, from the previous guidance of at least $5 billion and a price hike for the basic and premium plans.

Mahaney stated that NFLX's ad-supported offering and password-sharing initiatives are significant Growth Curve Initiatives [GCI] that will accelerate revenue and EPS growth.

Given that the company is a global streaming leader based on several metrics, including revenue, subscriber base, and viewing hours, the analyst believes that it is pursuing these GCI catalysts from a position of strength.

NFLX stock was given a buy rating with a price target of $500 by Mahaney, who ranks 48th among over 8,500 analysts on TipRanks. His ratings have been profitable 55% of the time, with an average return of 25.4% per rating. (Check out Netflix's Technical Analysis on TipRanks)

Nvidia

NVDA's chips are in high demand for building generative AI models and applications, resulting in a remarkable stock performance this year.

The company unveiled roadmaps for its data center graphics processing units, central processing units, and networking chipsets in a recently updated investor presentation.

Harlan Sur, an analyst at JPMorgan who ranks 88th out of over 8,500 analysts on TipRanks, pointed out that NVDA's product roadmaps show two significant changes. Firstly, Nvidia has shortened its product launch timeline from a 2-year cycle to a 1-year cycle, which is predicted to aid the company in keeping up with the growing intricacy of large language compute workloads.

Sur stated that the roadmaps suggested a greater focus on market segmentation (cloud/hyperscale/enterprise) through the expansion of product SKUs that are optimized for a wide range of AI workloads (training/inference).

The analyst believes that the company is adopting a comprehensive strategy to enhance its data center market and technology through significant advancements. He maintained a buy rating on the stock with a target price of $600, emphasizing the increasing demand for NVDA's accelerated compute and networking silicon platforms and software solutions in the development of generative AI and large language models.

Nvidia Insider Trading Activity on TipRanks shows that Sur's ratings have been successful 64% of the time, with each rating delivering an average return of 18.2%.

Instacart

CART's stock market debut was highly anticipated and Baird analyst Colin Sebastian recently upgraded his buy rating on the stock with a price target of $31.

Sebastian explained his optimistic outlook on Instacart's position in the market, stating that despite competition from well-funded online and traditional retailers, Instacart has a unique combination of scale, retail partnerships, specialized knowledge, and advanced technology.

Instacart's business model is based on an asset-light partnership strategy, and its data and technology sophistication are its key competitive advantages. The analyst believes that most food retailers may not be able to develop similar internal e-commerce capabilities.

Sebastian considers Instacart's advertising business to be one of the most successful retail media launches, second only to Amazon. He highlighted that consumer packaged goods advertisers are utilizing Instacart's performance ad formats to effectively reach their target customers with relevant product ideas.

Sebastian ranks 340th among more than 8,500 analysts on TipRanks. He has a successful rating rate of 52%, with each rating generating an average return of 10.7%. (Check out Instacart Options Activity on TipRanks).

SLB

SLB, a company that provides oilfield services, reported better-than-expected third-quarter adjusted earnings. The company stated that the oil and gas industry is experiencing a multi-year growth cycle, with a shift towards international and offshore markets, where SLB claims to have a dominant position.

While there are no immediate catalysts for SLB stock, the long-term growth story remains intact due to resilient customer spending, according to Goldman Sachs analyst Neil Mehta. The analyst predicts that Saudi Aramco will spend about $245 billion through 2030, reflecting about 5% to 6% annual growth. Additionally, moderate growth in spending is expected from the United Arab Emirates’ ADNOC, Qatar, and other players in the region.

The majority of SLB's revenue comes from international and offshore markets, which gives Mehta confidence in the company's ability to capitalize on the growth potential in the Middle East.

Mehta stated that SLB is still the go-to option for gaining exposure to international and offshore themes, and that the expansion of its digital presence with customers, which is margin accretive at approximately 40-45%, is an additional growth driver.

Mehta maintained a buy rating on SLB with a price target of $65, citing its structural strength during pullbacks. He ranks 155th among over 8,500 analysts on TipRanks, with a track record of profitable ratings 65% of the time, delivering an average return of 12.5%. (Check out SLB's Stock Charts on TipRanks)

Tesla

This week, our final name is electric vehicle manufacturer Tesla (TSLA). The company failed to meet earnings and revenue expectations for the third quarter due to macroeconomic pressures, intense competition in the EV market, and price cuts.

Although Mizuho analyst Vijay Rakesh pointed out that the company's Q3 gross and operating margin decreased sequentially due to lower pricing and Cybertruck R&D expenses, they still rank among the highest margin legacy automakers and far surpass the margins of EV makers.

The analyst reduced his price target for TSLA stock from $330 to $310 due to near-term challenges such as margin pressure, macro weakness, and Cybertruck ramp difficulties. However, he maintained a buy rating, stating that the stock remains undervalued compared to disruptors like Nvidia, while also achieving profitability at scale.

Rakesh stated that TSLA is prioritizing market share, technology, and cost leadership, making it better positioned to withstand any turbulence in the broader Auto market.

Rakesh is ranked No. 82 among over 8,500 analysts on TipRanks, with a profitable track record of 57% and an average return of 18.6% per rating. (Check out Tesla's financial statements on TipRanks)