These stocks are predicted by top Wall Street analysts to have great long-term potential.

The Federal Reserve's interest rate cut helped the U.S. stock market have a strong September. But, the rising geopolitical tensions in the Middle East may negatively affect investor sentiment this month.

Investors can benefit by disregarding short-term fluctuations and following the advice of top Wall Street analysts to select stocks with promising long-term growth prospects.

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

CyberArk Software

This week's first pick is a cybersecurity company, CYBR, which is primarily focused on identity security. The company reported better-than-expected quarterly results and increased its full-year guidance, indicating strong demand for its products.

Matthew Hedberg, an analyst at RBC Capital, has started covering CYBR stock with a buy rating and a price target of $328. He believes that the company is well-positioned to consolidate identity spending and sustain profitable growth.

CyberArk is expected to maintain strong growth, fueled by the increasing demand for identity security and the significant potential for expansion within its core Privileged Access Management (PAM) market. Moreover, the analyst predicts that the company can further expand its market share by capitalizing on cross-sell opportunities in the Access, Secrets, Endpoint Privilege Management (EPM), and machine identities markets.

Venafi's acquisition by CyberArk is expected to benefit the company, with growth predicted to exceed 20% and contribute to CyberArk's growth and profitability.

CyberArk's profitability is expected to increase further, with organic growth above 20% for several years, supported by an estimated TAM of $60 billion, according to Hedberg.

Among more than 9,000 analysts tracked by TipRanks, Hedberg ranks No. 164. His ratings have been profitable 62% of the time, delivering an average return of 14.7%. (See CYBR Hedge Fund Activity on TipRanks)

Uber Technologies

JPMorgan analyst Doug Anmuth reaffirmed a buy rating on UBER stock with a price target of $95 after hosting meetings with the company's management.

Anmuth stated that management is optimistic about achieving a three-year compound annual growth rate of mid- to high-teens for gross bookings, supported by a stable macro and demand environment since the second-quarter earnings. Notably, management highlighted the strength of demand in both the Mobility and Delivery businesses.

Uber Eats and grocery are expected to be the focus of the company's advertising business expansion, with the ad business currently generating $1 billion in revenue, or about 1% of delivery gross bookings. Notably, the high-margin ad business has contributed to the improvement of delivery profits in recent quarters. Uber anticipates that its grocery ad business will account for 5% of gross bookings in the future.

Anmuth stated that Uber can contribute to the growth of AV tech providers by increasing demand/utilization and expanding the AV ecosystem through fleet operations, as discussed with management.

Among more than 9,000 analysts tracked by TipRanks, Anmuth ranks No. 93. His ratings have been profitable 62% of the time, delivering an average return of 18.4%. (See UBER Stock Buybacks on TipRanks)

Meta Platforms

The third stock pick for this week is Meta, a social media company. During the Meta Connect event, the company showcased its latest virtual reality headset, Quest 3S, as well as other innovations, including its prototype of augmented-reality (AR) smart glasses, Orion, and the new features of its Meta AI chatbot.

After the event, Colin Sebastian, an analyst at Baird, maintained a buy rating on Meta stock and increased the price target from $530 to $605.

The analyst attributed the higher price target to several factors, including the potential to increase revenue through AI/generative AI features and the positive momentum in Messaging. Additionally, his optimistic outlook is based on "generally positive social media ad checks," with September showing better results than the trends seen in August.

The analyst adjusted his revenue and earnings per share estimates for 2024 and 2025, predicting stable macro trends and higher contributions from Messaging, devices, and AI-driven platform. However, he slightly reduced his 2025 operating margin estimate due to increased networking and depreciation expenses.

Sebastian commented on Meta Connect, stating that the event highlights the substantial advancements made by the company's Reality Labs division and AI/generative AI. He believes that the Llama update gives Meta's LLMs (large language models) a competitive edge over rivals like Anthropic's Claude, OpenAI's ChatGPT, and Google's Gemini. Additionally, he is optimistic about the innovations related to Meta AI assistant and predicts it to be the most popular AI assistant by the end of 2024.

Sebastian is ranked No. 277 among over 9,000 analysts on TipRanks, with a profitable rating 57% of the time and an average return of 13.6%. (Check out META Insider Trading Activity on TipRanks)