Analysts Pin Hopes on AI-Driven Stocks Palantir, Amazon, Lam Research

The top Wall Street analysts are recommending three stocks that have solid growth potential. According to TipRanks, a platform that ranks analysts based on their past performance, these stocks are Palantir Technologies (PLTR), Amazon (AMZN), and Lam Research (LRCX).

Palantir Technologies reported market-beating second-quarter results, with its U.S. commercial business revenue growing by at least 134%. Bank of America analyst Mariana Perez Mora reiterated a buy rating on PLTR stock with a price target of $255.

Amazon impressed investors with its strong second-quarter results, with revenue from the company's Amazon Web Services (AWS) cloud business surging 37% and marking the unit's fastest growth since 2021. JPMorgan analyst Doug Anmuth reiterated a buy rating on Amazon stock and raised his price target to $365.

Lam Research delivered better-than-anticipated fiscal fourth-quarter results, thanks to AI-driven demand. Oppenheimer analyst Edward Yang reaffirmed a buy rating on LRCX stock with a price target of $400.